JPMorgan Chase & Co. Lowers Capri (NYSE:CPRI) Price Target to $29.00

Capri (NYSE:CPRI) had its price objective decreased by JPMorgan Chase & Co. from $31.00 to $29.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 47.35% from the stock’s current price.

Other equities analysts have also issued reports about the company. Raymond James Financial reiterated an “outperform” rating and issued a $22.00 target price on shares of Capri in a research note on Thursday. The Goldman Sachs Group dropped 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 dropped 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. Weiss Ratings reiterated a “sell (e+)” rating on shares of Capri in a research note on Monday, May 4th. Finally, BTIG Research reiterated a “buy” rating and issued a $30.00 target price on shares of Capri in a research note on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $24.79.

Capri Trading Up 7.7%

NYSE:CPRI traded up $1.41 on Thursday, reaching $19.68. The stock had a trading volume of 6,424,422 shares, compared to its average volume of 3,068,615. The company has a market cap of $2.35 billion, a price-to-earnings ratio of -4.65, 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 current ratio of 1.14 and a quick ratio of 0.52. The firm’s fifty day moving average is $18.77 and its two-hundred day moving average is $21.53. Capri has a 12-month low of $16.22 and a 12-month high of $28.26.

Capri (NYSE:CPRI) last released its earnings results on Wednesday, May 27th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.11. The company had revenue of $796.00 million for the quarter, compared to analyst estimates of $800.04 million. Capri had a negative net margin of 13.57% and a negative return on equity of 430.23%. The firm’s quarterly revenue was down 23.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($4.90) EPS. Capri has set its FY 2027 guidance at 2.150-2.150 EPS and its Q1 2027 guidance at 0.400-0.400 EPS. Equities analysts expect that Capri will post 1.39 EPS for the current fiscal year.

Insider Activity

In related news, CEO John D. Idol bought 55,000 shares of the stock in a transaction dated Wednesday, March 11th. The stock was acquired at an average price of $17.98 per share, for a total transaction of $988,900.00. Following the completion of the purchase, the chief executive officer owned 2,257,645 shares in the company, valued at $40,592,457.10. This represents a 2.50% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.30% of the company’s stock.

Institutional Investors Weigh In On Capri

A number of large investors have recently modified their holdings of the stock. Arizona State Retirement System grew its stake in shares of Capri by 1.4% in the third quarter. Arizona State Retirement System now owns 34,894 shares of the company’s stock valued at $695,000 after buying an additional 483 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Capri by 3.4% in the fourth quarter. Empowered Funds LLC now owns 16,580 shares of the company’s stock valued at $405,000 after buying an additional 550 shares in the last quarter. Los Angeles Capital Management LLC grew its stake in shares of Capri by 1.3% in the fourth quarter. Los Angeles Capital Management LLC now owns 41,707 shares of the company’s stock valued at $1,018,000 after buying an additional 550 shares in the last quarter. Rockefeller Capital Management L.P. grew its stake in shares of Capri by 14.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,303 shares of the company’s stock valued at $105,000 after buying an additional 555 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its stake in shares of Capri by 2.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 24,444 shares of the company’s stock valued at $431,000 after buying an additional 600 shares in the last quarter. Institutional investors and hedge funds own 84.34% of the company’s stock.

Trending Headlines about Capri

Here are the key news stories impacting Capri this week:

• Positive Sentiment: Capri beat Q4 EPS estimates, reporting $0.22 per share versus $0.11 expected, while management also pointed to improving trends at Michael Kors and Jimmy Choo and projected FY2027 growth. Article link
• Positive Sentiment: BTIG Research reaffirmed its Buy rating and kept a $30 price target, implying significant upside from current levels. Article link
• Neutral Sentiment: Unusual options activity showed heavy call buying, suggesting some traders are positioning for additional upside after earnings. Article link
• Neutral Sentiment: Capri’s full-year and first-quarter guidance was mixed: FY2027 EPS outlook topped expectations, but Q1 revenue guidance came in below consensus, tempering enthusiasm. Article link
• Negative Sentiment: Revenue came in slightly below estimates and fell 23.1% year over year, reinforcing concerns about demand weakness despite the earnings beat. Article link
• Negative Sentiment: Analysts turned more cautious overall, with Bank of America cutting its price target to $20 and Telsey Advisory Group lowering its target to $21, both while maintaining neutral/market-perform views. Article link Article link

Capri Company Profile

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.