Capri (NYSE:CPRI) Shares Up 9.4% Following Strong Earnings

Capri Holdings Limited (NYSE:CPRI)’s share price traded up 9.4% on Thursday following a stronger than expected earnings report. The company traded as high as $20.05 and last traded at $19.98. 3,349,374 shares were traded during trading, an increase of 10% from the average session volume of 3,038,348 shares. The stock had previously closed at $18.27.

The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.11. Capri had a negative net margin of 13.57% and a negative return on equity of 430.23%. The firm had revenue of $796.00 million for the quarter, compared to analyst estimates of $800.04 million. During the same quarter in the previous year, the business posted ($4.90) EPS. The firm’s revenue was down 23.1% compared to the same quarter last year. Capri has set its FY 2027 guidance at 2.150-2.150 EPS and its Q1 2027 guidance at 0.400-0.400 EPS.

Key Headlines Impacting Capri

Here are the key news stories impacting Capri this week:

• Positive Sentiment: Capri beat earnings expectations, reporting adjusted EPS of $0.22 versus $0.11 expected, while also signaling FY2027 EPS of $2.15, above consensus. That helped support the stock despite softer revenue. Capri Holdings Limited Announces Fourth Quarter and Full Year Fiscal 2026 Results
• Positive Sentiment: BTIG Research reaffirmed its buy rating and kept a $30 price target, implying meaningful upside from current levels. BTIG Research reaffirms buy rating on Capri
• Positive Sentiment: Unusual options activity showed elevated call buying, suggesting some traders are positioning for a rebound after the earnings release.
• Neutral Sentiment: Telsey Advisory Group lowered its price target to $21 from $23 and kept a market perform rating, indicating limited near-term upside.
• Neutral Sentiment: Bank of America also cut its target to $20 from $23 and maintained a neutral rating, signaling a wait-and-see stance. Bank of America lowers Capri price target
• Neutral Sentiment: The company’s guidance was mixed: FY2027 EPS was above expectations, but Q1 revenue guidance came in below Wall Street estimates.
• Negative Sentiment: Revenue for the quarter fell 23.1% year over year, and the company’s sales missed estimates, underscoring ongoing demand pressure in parts of the business.
• Negative Sentiment: The stock was pressured after the earnings release as investors focused on weaker top-line performance and margin challenges. Capri Holdings reports mixed financial results for the fourth quarter

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. BTIG Research reaffirmed a “buy” rating and issued a $30.00 target price on shares of Capri in a research report on Thursday. The Goldman Sachs Group reduced their target price on Capri from $27.00 to $24.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. Wells Fargo & Company reduced their target price on Capri from $21.00 to $20.00 and set an “equal weight” rating for the company in a research note on Thursday. JPMorgan Chase & Co. increased their target price on Capri from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Monday, April 13th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $22.00 target price on shares of Capri in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $24.93.

Insider Buying and Selling

In other Capri news, CEO John D. Idol acquired 55,000 shares of the firm’s stock in a transaction on Wednesday, March 11th. The stock was purchased at an average price of $17.98 per share, with a total value of $988,900.00. Following the completion of the acquisition, the chief executive officer directly owned 2,257,645 shares in the company, valued at $40,592,457.10. This trade represents a 2.50% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.30% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Capri

Hedge funds have recently added to or reduced their stakes in the business. Measured Wealth Private Client Group LLC boosted its holdings in Capri by 299.7% in the first quarter. Measured Wealth Private Client Group LLC now owns 1,523 shares of the company’s stock worth $27,000 after purchasing an additional 1,142 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in shares of Capri in the 3rd quarter worth approximately $39,000. Quantbot Technologies LP bought a new stake in shares of Capri in the 2nd quarter worth approximately $39,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of Capri by 273.9% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,236 shares of the company’s stock worth $55,000 after purchasing an additional 1,638 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its holdings in shares of Capri by 167.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,701 shares of the company’s stock worth $54,000 after purchasing an additional 1,691 shares during the last quarter. Institutional investors and hedge funds own 84.34% of the company’s stock.

Capri Trading Up 9.7%

The firm has a market cap of $2.39 billion, a P/E ratio of -4.72, a P/E/G ratio of 0.29 and a beta of 1.43. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.52 and a current ratio of 1.14. The firm has a fifty day moving average of $18.77 and a 200-day moving average of $21.53.

About Capri

Capri Holdings Limited (NYSE: CPRI) is a global luxury fashion company that designs, markets and distributes a range of premium lifestyle products. The company’s principal brands—Michael Kors, Versace and Jimmy Choo—offer handbags, ready-to-wear apparel, footwear, watches, jewelry, fragrance and other accessories. Capri Holdings combines in-house design talent with international sourcing, manufacturing and retail operations to deliver collections that reflect each brand’s distinct heritage and aesthetic vision.

Formed in 2018 through the rebranding of Michael Kors Holdings following the acquisition of Versace, Capri has since integrated Jimmy Choo into its portfolio.