Capri Holdings Ltd (NYSE:CPRI) Expected to Earn Q4 2020 Earnings of $1.24 Per Share

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Capri Holdings Ltd (NYSE:CPRI) – Research analysts at Piper Jaffray Companies raised their Q4 2020 earnings estimates for Capri in a research note issued to investors on Wednesday, November 6th. Piper Jaffray Companies analyst E. Murphy now forecasts that the company will post earnings per share of $1.24 for the quarter, up from their prior forecast of $1.18. Piper Jaffray Companies also issued estimates for Capri’s Q2 2021 earnings at $1.27 EPS and FY2021 earnings at $5.22 EPS.

Capri (NYSE:CPRI) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.16 EPS for the quarter, missing the Zacks’ consensus estimate of $1.25 by ($0.09). The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.44 billion. Capri had a net margin of 7.45% and a return on equity of 30.29%. The firm’s quarterly revenue was up 15.1% compared to the same quarter last year.

A number of other research analysts have also commented on CPRI. MKM Partners cut their price objective on shares of Capri to $35.00 and set a “neutral” rating for the company in a research report on Monday, August 12th. Jefferies Financial Group upped their price objective on shares of Capri from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. They noted that the move was a valuation call. Evercore ISI set a $50.00 price objective on shares of Capri and gave the company a “buy” rating in a research report on Wednesday, August 7th. ValuEngine lowered shares of Capri from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Finally, Zacks Investment Research lowered shares of Capri from a “hold” rating to a “sell” rating and set a $33.00 price target for the company. in a research report on Thursday, September 12th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $52.23.

Shares of CPRI opened at $36.62 on Friday. The company has a 50-day simple moving average of $31.45 and a 200-day simple moving average of $34.06. The firm has a market capitalization of $5.17 billion, a P/E ratio of 7.37, a P/E/G ratio of 1.22 and a beta of 0.80. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.42 and a current ratio of 1.03. Capri has a 52 week low of $25.25 and a 52 week high of $50.10.

In other Capri news, CEO John D. Idol purchased 363,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was purchased at an average price of $27.48 per share, with a total value of $9,975,240.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 5.30% of the company’s stock.

A number of large investors have recently bought and sold shares of CPRI. ARGA Investment Management LP grew its stake in Capri by 3,411.0% during the third quarter. ARGA Investment Management LP now owns 3,791,557 shares of the company’s stock worth $125,728,000 after buying an additional 3,683,565 shares during the last quarter. Invesco Ltd. grew its stake in Capri by 53.7% during the second quarter. Invesco Ltd. now owns 9,323,185 shares of the company’s stock worth $323,328,000 after buying an additional 3,257,281 shares during the last quarter. Nuveen Asset Management LLC grew its stake in Capri by 3,957.3% during the second quarter. Nuveen Asset Management LLC now owns 2,535,439 shares of the company’s stock worth $87,929,000 after buying an additional 2,472,948 shares during the last quarter. Prudential Financial Inc. grew its stake in Capri by 326.1% during the second quarter. Prudential Financial Inc. now owns 559,526 shares of the company’s stock worth $19,404,000 after buying an additional 428,215 shares during the last quarter. Finally, Senvest Management LLC grew its stake in Capri by 32.9% during the second quarter. Senvest Management LLC now owns 1,715,900 shares of the company’s stock worth $59,507,000 after buying an additional 424,500 shares during the last quarter. 85.23% of the stock is owned by hedge funds and other institutional investors.

About Capri

Capri Holdings Limited design, markets, distributes, and retails branded women's and men's apparel and accessories. It operates in four segments: MK Retail, MK Wholesale, MK Licensing, and Jimmy Choo. The MK Retail segment sells women's apparel; handbags and small leather goods; men's apparel; footwear; and licensed products comprising watches, jewelry, fragrances, and beauty and eyewear.

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Earnings History and Estimates for Capri (NYSE:CPRI)

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