Capri Holdings Limited (NYSE:CPRI) Receives $21.93 Average Target Price from Analysts

Capri Holdings Limited (NYSE:CPRI) has been given a consensus rating of “Hold” by the sixteen analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $21.9333.

Several equities research analysts have recently issued reports on CPRI shares. JPMorgan Chase & Co. lowered their target price on shares of Capri from $29.00 to $22.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 4th. The Goldman Sachs Group reduced their price target on Capri from $21.00 to $18.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. Raymond James Financial reiterated an “outperform” rating and set a $22.00 price target on shares of Capri in a research report on Thursday, May 28th. TD Cowen lowered Capri from a “buy” rating to a “hold” rating and dropped their price objective for the company from $20.00 to $17.00 in a report on Thursday, August 6th. Finally, Wells Fargo & Company dropped their price objective on Capri from $20.00 to $16.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 15th.

Institutional Investors Weigh In On Capri

A number of institutional investors have recently added to or reduced their stakes in the stock. Measured Wealth Private Client Group LLC raised its position in Capri by 299.7% during the first quarter. Measured Wealth Private Client Group LLC now owns 1,523 shares of the company’s stock worth $27,000 after acquiring an additional 1,142 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Capri in the second quarter valued at about $39,000. Caitong International Asset Management Co. Ltd lifted its stake in Capri by 273.9% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,236 shares of the company’s stock valued at $55,000 after buying an additional 1,638 shares in the last quarter. MidFirst Bank purchased a new position in Capri in the 4th quarter valued at about $77,000. Finally, Hantz Financial Services Inc. boosted its holdings in Capri by 57.9% in the 4th quarter. Hantz Financial Services Inc. now owns 4,266 shares of the company’s stock worth $104,000 after buying an additional 1,565 shares during the last quarter. Institutional investors and hedge funds own 84.34% of the company’s stock.

Capri Price Performance

NYSE:CPRI opened at $13.89 on Thursday. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.19 and a quick ratio of 0.54. The company has a 50 day moving average price of $15.23 and a 200-day moving average price of $17.69. Capri has a 1-year low of $12.40 and a 1-year high of $28.26. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 10.68, a price-to-earnings-growth ratio of 0.30 and a beta of 1.38.

Capri (NYSE:CPRI) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.27. The firm had revenue of $769.00 million for the quarter, compared to the consensus estimate of $757.61 million. Capri had a net margin of 4.44% and a return on equity of 297.36%. The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.50 earnings per share. Capri has set its Q2 2027 guidance at 0.200-0.200 EPS and its FY 2027 guidance at 2.150-2.150 EPS. Equities research analysts forecast that Capri will post 2.11 EPS for the current year.

About Capri

Capri Holdings Limited (NYSE: CPRI) is a global fashion company that designs, manufactures, markets and distributes luxury apparel, accessories and footwear. Its portfolio includes the Michael Kors and Jimmy Choo brands, which offer products such as handbags, shoes, ready-to-wear clothing, watches, jewelry, eyewear and fragrances.

Michael Kors is known for its accessible luxury fashion and lifestyle products, while Jimmy Choo focuses on luxury footwear, handbags and accessories. The brands serve customers through company-operated stores, e-commerce platforms, department stores, specialty retailers, travel retail locations and selected licensing arrangements.

Capri Holdings was established as Michael Kors Holdings Limited in 2011 and adopted the Capri name in 2018 after expanding its portfolio through acquisitions of Jimmy Choo and Versace.