Capri (NYSE:CPRI) Updates Q1 2027 Earnings Guidance

Capri (NYSE:CPRI) issued an update on its first quarter 2027 earnings guidance on Wednesday morning. The company provided earnings per share guidance of 0.400-0.400 for the period, compared to the consensus earnings per share estimate of 0.330. The company issued revenue guidance of $750.0 million-$750.0 million, compared to the consensus revenue estimate of $792.7 million. Capri also updated its FY 2027 guidance to 2.150-2.150 EPS.

Capri Trading Up 8.1%

Shares of Capri stock opened at $19.75 on Friday. The company has a quick ratio of 0.52, a current ratio of 1.21 and a debt-to-equity ratio of 4.08. The firm has a market cap of $2.35 billion, a price-to-earnings ratio of 17.32, a price-to-earnings-growth ratio of 0.24 and a beta of 1.43. The business has a fifty day simple moving average of $18.79 and a 200-day simple moving average of $21.52. Capri has a fifty-two week low of $16.22 and a fifty-two week high of $28.26.

Capri (NYSE:CPRI) last announced its quarterly earnings data on Wednesday, May 27th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.11. The business had revenue of $796.00 million during the quarter, compared to analyst estimates of $800.04 million. Capri had a return on equity of 664.22% and a net margin of 3.94%.The company’s revenue was down 23.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($4.90) earnings per share. Capri has set its FY 2027 guidance at 2.150-2.150 EPS and its Q1 2027 guidance at 0.400-0.400 EPS. On average, equities analysts forecast that Capri will post 2.15 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CPRI has been the subject of several analyst reports. Telsey Advisory Group reduced their target price on Capri from $23.00 to $21.00 and set a “market perform” rating for the company in a report on Thursday. UBS Group cut their target price on shares of Capri from $22.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday. Wells Fargo & Company cut their price target on Capri from $21.00 to $20.00 and set an “equal weight” rating for the company in a research note on Thursday. BTIG Research reissued a “buy” rating and issued a $30.00 price objective on shares of Capri in a research note on Thursday. Finally, Bank of America dropped their price target on Capri from $23.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $24.79.

Insider Transactions at Capri

In other Capri news, CEO John D. Idol acquired 55,000 shares of Capri stock in a transaction on Wednesday, March 11th. The shares were purchased at an average cost of $17.98 per share, with a total value 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. The trade was a 2.50% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 2.30% of the company’s stock.

Key Stories Impacting Capri

Here are the key news stories impacting Capri this week:

• Positive Sentiment: Capri beat Q4 earnings expectations with adjusted EPS of $0.22 versus $0.11 expected, and it guided FY2027 EPS to $2.15, above consensus. Capri Holdings Limited Announces Fourth Quarter and Full Year Fiscal 2026 Results
• Positive Sentiment: BTIG Research reaffirmed its Buy rating and set a $30 price target, implying substantial upside from current levels. BTIG reaffirms Buy rating on Capri
• Positive Sentiment: JPMorgan also kept an Overweight rating and lifted its target to $29, suggesting confidence in Capri’s recovery path. JPMorgan lowers but keeps Overweight rating on Capri
• Neutral Sentiment: Telsey Advisory Group and Bank of America both cut price targets, but neither changed to a bearish stance; BofA moved to Neutral and Telsey to Market Perform. Analyst target changes for Capri
• Neutral Sentiment: Capri’s revenue of $796 million missed estimates slightly and declined 23.1% year over year, highlighting that the turnaround is still in progress. Capri earnings report and conference call
• Negative Sentiment: The company’s outlook for first-quarter FY2027 revenue came in below Wall Street expectations, which could temper enthusiasm despite the EPS beat. Capri Holdings Limited Announces Fourth Quarter and Full Year Fiscal 2026 Results

Institutional Investors Weigh In On Capri

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

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.