JPMorgan Chase & Co. Cuts Capri (NYSE:CPRI) Price Target to $22.00

Capri (NYSE:CPRI) had its price objective cut by JPMorgan Chase & Co. from $29.00 to $22.00 in a research note issued to investors on Tuesday,Benzinga reports. They currently have an overweight rating on the stock.

Other equities research analysts also recently issued reports about the company. Robert W. Baird decreased their target price on Capri from $26.00 to $24.00 and set an “outperform” rating on the stock in a research report on Monday, July 27th. Raymond James Financial reaffirmed an “outperform” rating and issued a $22.00 price target on shares of Capri in a report on Thursday, May 28th. UBS Group reduced their price objective on Capri from $22.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday, May 28th. Telsey Advisory Group decreased their price objective on Capri from $23.00 to $21.00 and set a “market perform” rating on the stock in a report on Thursday, May 28th. Finally, Weiss Ratings upgraded Capri from a “sell (e+)” rating to a “sell (d)” rating in a research report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Capri presently has a consensus rating of “Hold” and a consensus target price of $21.93.

Capri Price Performance

NYSE:CPRI opened at $15.01 on Tuesday. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.19 and a quick ratio of 0.60. Capri has a one year low of $14.94 and a one year high of $28.26. The company has a fifty day moving average price of $18.07 and a 200 day moving average price of $19.15. The stock has a market cap of $1.72 billion, a P/E ratio of 11.54, a PEG ratio of 0.28 and a beta of 1.41.

Capri (NYSE:CPRI) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.27. Capri had a net margin of 4.44% and a return on equity of 297.36%. The company had revenue of $769.00 million for the quarter, compared to analyst estimates of $757.61 million. During the same period last year, the business posted $0.50 EPS. The business’s quarterly 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. Analysts anticipate that Capri will post 2.15 earnings per share for the current year.

Insider Buying and Selling

In other Capri news, Director Stephen F. Reitman sold 17,981 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $19.42, for a total transaction of $349,191.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Capri

A number of hedge funds have recently modified their holdings of CPRI. Cooper Creek Partners Management LLC bought a new position in Capri in the first quarter valued at about $23,784,000. M&T Bank Corp raised its holdings in Capri by 1,288.6% during the 4th quarter. M&T Bank Corp now owns 159,185 shares of the company’s stock worth $3,884,000 after purchasing an additional 147,721 shares during the last quarter. Vanguard Group Inc. lifted its position in Capri by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 11,701,832 shares of the company’s stock valued at $285,525,000 after purchasing an additional 121,209 shares during the period. Fox Run Management L.L.C. lifted its position in Capri by 567.1% during the 4th quarter. Fox Run Management L.L.C. now owns 81,089 shares of the company’s stock valued at $1,979,000 after purchasing an additional 68,933 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in shares of Capri by 74.0% in the 4th quarter. BNP Paribas Financial Markets now owns 785,600 shares of the company’s stock valued at $19,169,000 after purchasing an additional 334,107 shares during the last quarter. 84.34% of the stock is owned by institutional investors and hedge funds.

Capri News Roundup

Here are the key news stories impacting Capri this week:

• Positive Sentiment: Capri reported fiscal first-quarter EPS of $0.67, well above the $0.40 consensus estimate, while revenue of $769 million also exceeded expectations of $756.25 million. Margin gains and growth at Jimmy Choo provided support. CPRI Q1 Earnings Beat Estimates on Margin Gains, Jimmy Choo Growth
• Positive Sentiment: BTIG retained a “buy” rating, although it lowered its Capri price target from $30 to $25, implying substantial potential upside from the current trading level. Benzinga analyst action
• Neutral Sentiment: Despite the quarterly beat, Capri’s revenue fell 3.5% year over year, highlighting the uneven recovery across its luxury brands. Capri Holdings earnings results
• Neutral Sentiment: JPMorgan issued a pessimistic forecast for CPRI, adding to investor caution around the company’s near-term outlook. JPMorgan forecast for Capri
• Negative Sentiment: Capri’s fiscal 2027 revenue outlook was reduced to approximately $3.4 billion from expectations of $3.5 billion. Second-quarter guidance was particularly weak, with EPS of $0.20 versus the $0.45 consensus and revenue of $780 million versus $857 million expected. Capri cuts annual revenue forecast on Michael Kors weakness
• Negative Sentiment: Management cited delayed inventory at Michael Kors and softer demand for handbags and accessories in certain markets. Because Michael Kors is Capri’s largest business, the weakness is weighing on sentiment despite Jimmy Choo’s growth. Capri falls after Michael Kors weakness
• Negative Sentiment: UBS, Goldman Sachs and Telsey Advisory Group each lowered their price targets to $17, $18 and $18, respectively, and adopted neutral or market-perform ratings. The revisions reinforce concerns that the earnings beat may not offset weaker near-term fundamentals. Analyst price-target changes

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.