Capri (NYSE:CPRI) Shares Down 8.4% – Here’s What Happened

03 Feb 2026, 14:18 by Teresa Graham · The Cerbat Gem

Capri Holdings Limited (NYSE:CPRI – Get Free Report) fell 8.4% during mid-day trading on Tuesday . The company traded as low as $22.35 and last traded at $21.1990. 700,088 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 2,612,046 shares. The stock had previously closed at $23.14.

Trending Headlines about Capri

Here are the key news stories impacting Capri this week:

Positive Sentiment: Capri beat quarterly EPS and revenue estimates — reported $0.81 adj. EPS vs. $0.78 expected and revenue of ~$1.02B slightly above forecasts, showing operating leverage vs. year-ago results. Capri Holdings (CPRI) Surpasses Q3 Earnings and Revenue Estimates
Positive Sentiment: Company raised its annual revenue outlook and cited strength at Jimmy Choo (and Michael Kors handbags/apparel), which supports medium-term topline recovery expectations. Michael Kors parent Capri hikes annual revenue forecast
Positive Sentiment: Non-core actions and brand initiatives helped drive a swing to adjusted profitability this quarter (Versace sale and other strategic moves noted by management). Capri Holdings gains after strategic initiatives pay off in FQ3
Neutral Sentiment: Analysts largely maintained ratings and price targets (Telsey reaffirmed “market perform” with a $23 PT; BTIG reiterated buy), showing no consensus shock from results. Telsey Advisory Group rating note (Benzinga)
Neutral Sentiment: Capri provided FY2026 EPS guidance of $1.30–$1.40 (range includes the street but midpoint is slightly below some consensus points), leaving room for mixed investor interpretation. Capri Holdings Announces Third Quarter Fiscal 2026 Results
Negative Sentiment: Revenue contracted ~4% YoY (down ~5.9% in constant currency) and management flagged margin pressure; adjusted operating margin was 7.7% and reported operating margin 4.5%, which disappointed investors focusing on top-line momentum. Capri Holdings shares slip on Q3 revenue decline, margin pressures
Negative Sentiment: Company still shows a negative net margin and negative ROE on a reported basis (impacted by non-recurring items), and the mixed guidance/earnings mix likely prompted sell-side re-risking; heavy trading volume suggests the beat wasn’t enough to offset concerns. Capri Earnings Snapshot and Metrics (MarketBeat)

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CPRI. The Goldman Sachs Group began coverage on Capri in a report on Thursday, January 8th. They issued a “neutral” rating and a $27.00 price objective for the company. Sanford C. Bernstein reiterated a “market perform” rating and set a $24.00 price target on shares of Capri in a research note on Tuesday, January 6th. Jefferies Financial Group assumed coverage on shares of Capri in a research note on Wednesday, January 14th. They issued a “hold” rating and a $24.00 price objective on the stock. Guggenheim raised Capri to a “strong-buy” rating in a research report on Wednesday, December 10th. Finally, Barclays began coverage on shares of Capri in a research report on Wednesday, December 3rd. They issued an “overweight” rating and a $31.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $27.50.

Read Our Latest Analysis on Capri

Capri Price Performance

The company’s 50-day simple moving average is $25.19 and its 200-day simple moving average is $22.37. The company has a market cap of $2.44 billion, a price-to-earnings ratio of -2.09, a P/E/G ratio of 0.44 and a beta of 1.45.

Capri (NYSE:CPRI – Get Free Report) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.78 by $0.03. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $999.84 million. Capri had a negative net margin of 29.55% and a negative return on equity of 138.53%. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter last year, the business earned $0.63 earnings per share. Capri has set its FY 2026 guidance at 1.300-1.400 EPS. Equities analysts predict that Capri Holdings Limited will post 0.98 EPS for the current fiscal year.

Insider Transactions at Capri

In other Capri news, CFO Rajal Mehta sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $25.96, for a total transaction of $259,600.00. Following the completion of the transaction, the chief financial officer owned 741 shares in the company, valued at $19,236.36. This trade represents a 93.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Capri

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Highland Capital Management LLC bought a new position in Capri in the 4th quarter valued at $200,000. Mitsubishi UFJ Trust & Banking Corp boosted its position in Capri by 2.8% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 76,112 shares of the company’s stock valued at $1,857,000 after purchasing an additional 2,059 shares during the last quarter. M&T Bank Corp grew its stake in Capri by 24.9% in the 4th quarter. M&T Bank Corp now owns 14,324 shares of the company’s stock valued at $350,000 after buying an additional 2,860 shares during the last quarter. Vanguard Group Inc. increased its holdings in Capri by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 11,701,832 shares of the company’s stock valued at $285,525,000 after buying an additional 121,209 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its position in Capri by 16.8% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 21,123 shares of the company’s stock valued at $516,000 after acquiring an additional 3,042 shares during the period. 84.34% of the stock is currently owned by institutional investors and hedge funds.

About Capri

(Get Free Report)

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.