Capri (NYSE:CPRI) Upgraded by Wall Street Zen to “Buy” Rating

by · The Cerbat Gem

Wall Street Zen upgraded shares of Capri (NYSE:CPRI – Free Report) from a hold rating to a buy rating in a report issued on Saturday morning,Wall Street Zen reports.

Several other equities analysts have also issued reports on CPRI. Barclays cut their target price on Capri from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Thursday, August 6th. TD Cowen cut shares of Capri from a “buy” rating to a “hold” rating and lowered their price target for the company from $20.00 to $17.00 in a report on Thursday, August 6th. JPMorgan Chase & Co. cut their price objective on shares of Capri from $29.00 to $22.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 4th. UBS Group reduced their price objective on shares of Capri from $20.00 to $17.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Finally, Raymond James Financial reissued an “outperform” rating and set a $22.00 target price on shares of Capri in a research report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $21.93.

View Our Latest Report on CPRI

Capri Stock Performance

Shares of CPRI stock opened at $13.60 on Friday. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 10.46, a PEG ratio of 0.29 and a beta of 1.38. The company’s 50 day moving average is $15.79 and its 200 day moving average is $17.97. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 2.27. Capri has a 52-week low of $12.56 and a 52-week high of $28.26.

Capri (NYSE:CPRI – Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.27. Capri had a return on equity of 297.36% and a net margin of 4.44%.The company had revenue of $769.00 million during the quarter, compared to analyst estimates of $757.61 million. During the same quarter in the prior year, the business earned $0.50 earnings per share. Capri’s revenue was down 3.5% on a year-over-year basis. Capri has set its Q2 2027 guidance at 0.200-0.200 EPS and its FY 2027 guidance at 2.150-2.150 EPS. On average, sell-side analysts anticipate that Capri will post 2.11 EPS for the current fiscal year.

Insider Activity

In related news, Director Stephen Reitman sold 17,981 shares of the company’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $19.42, for a total value of $349,191.02. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.60% of the stock is currently owned by insiders.

Institutional Trading of Capri

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its holdings in shares of Capri by 70.0% in the first quarter. Royal Bank of Canada now owns 380,838 shares of the company’s stock valued at $7,514,000 after purchasing an additional 156,757 shares during the period. Integrated Wealth Concepts LLC lifted its holdings in shares of Capri by 48.8% during the first quarter. Integrated Wealth Concepts LLC now owns 20,120 shares of the company’s stock worth $397,000 after purchasing an additional 6,595 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Capri by 13.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,034 shares of the company’s stock worth $218,000 after purchasing an additional 1,313 shares during the period. Goldman Sachs Group Inc. boosted its position in Capri by 22.4% in the first quarter. Goldman Sachs Group Inc. now owns 764,509 shares of the company’s stock valued at $15,084,000 after buying an additional 139,809 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Capri by 23.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 422,561 shares of the company’s stock valued at $8,337,000 after buying an additional 80,928 shares during the last quarter. Institutional investors and hedge funds own 84.34% of the company’s stock.

Capri Company Profile

(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.

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