Capri (NYSE:CPRI) Releases FY 2027 Earnings Guidance

Capri (NYSE:CPRI) updated its FY 2027 earnings guidance on Wednesday morning. The company provided EPS guidance of 2.150-2.150 for the period, compared to the consensus estimate of 2.130. The company issued revenue guidance of $3.4 billion-$3.4 billion, compared to the consensus revenue estimate of $3.5 billion. Capri also updated its Q2 2027 guidance to 0.200-0.200 EPS.

Wall Street Analyst Weigh In

CPRI has been the subject of a number of recent research reports. JPMorgan Chase & Co. reduced their price objective on shares of Capri from $29.00 to $22.00 and set an “overweight” rating for the company in a research note on Tuesday. Telsey Advisory Group dropped their target price on Capri from $21.00 to $18.00 and set a “market perform” rating on the stock in a research report on Thursday. Robert W. Baird cut their price target on Capri from $26.00 to $24.00 and set an “outperform” rating on the stock in a report on Monday, July 27th. Barclays reduced their price target on Capri from $20.00 to $19.00 and set an “overweight” rating for the company in a research report on Thursday. Finally, Bank of America dropped their price objective on Capri from $23.00 to $20.00 and set a “neutral” rating on the stock 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 given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $21.93.

Capri Stock Down 6.3%

Shares of Capri stock traded down $1.01 during trading on Thursday, reaching $15.01. The company’s stock had a trading volume of 4,021,427 shares, compared to its average volume of 3,171,855. Capri has a 1-year low of $14.94 and a 1-year high of $28.26. The company has a 50-day simple moving average of $18.16 and a two-hundred day simple moving average of $19.21. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 4.08. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 13.17, a P/E/G ratio of 0.30 and a beta of 1.41.

Capri (NYSE:CPRI) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.67 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.27. The company had revenue of $769.00 million during the quarter, compared to analysts’ expectations of $756.25 million. Capri had a return on equity of 664.22% and a net margin of 3.94%.The firm’s revenue was down 3.5% compared to the same quarter last year. During the same period last year, the business posted $0.50 earnings per share. Capri has set its Q2 2027 guidance at 0.200-0.200 EPS and its FY 2027 guidance at 2.150-2.150 EPS. As a group, equities analysts forecast that Capri will post 2.06 earnings per share for the current year.

Insiders Place Their Bets

In other Capri news, Director Stephen F. Reitman sold 17,981 shares of the company’s stock in a transaction that occurred on 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 document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.60% of the company’s stock.

Key Headlines Impacting Capri

Here are the key news stories impacting Capri this week:

• Positive Sentiment: Capri reported fiscal Q1 2027 adjusted earnings of $0.67 per share, well above the $0.40 consensus estimate, while revenue of $769 million also exceeded expectations. Margin improvement and growth at Jimmy Choo helped offset weaker overall sales. Q1 earnings beat estimates
• Positive Sentiment: BTIG maintained a “buy” rating, although it lowered its price target from $30 to $25, leaving substantial implied upside based on the current trading level. BTIG price target update
• Neutral Sentiment: Analysts reduced their targets following the results: UBS cut its target to $17 from $20, Goldman Sachs to $18 from $21, and Telsey Advisory Group to $18 from $21. UBS and Goldman Sachs now rate the shares “neutral,” while Telsey rates them “market perform.” Analyst price target changes
• Negative Sentiment: Capri lowered its fiscal 2027 revenue outlook to approximately $3.4 billion, below the roughly $3.5 billion analyst consensus. Second-quarter revenue guidance of $780 million is also well below the $857 million consensus, while projected EPS of $0.20 trails expectations of $0.45. Capri cuts annual revenue forecast
• Negative Sentiment: The Michael Kors business remains the primary drag, with softer demand for handbags and accessories and inventory delays expected to pressure the second quarter. Revenue declined 3.5% year over year despite the earnings beat, reinforcing concerns about the recovery’s durability. Michael Kors weakness weighs on Capri

Hedge Funds Weigh In On Capri

Hedge funds and other institutional investors 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. Hedge funds and other institutional investors own 84.34% of the company’s stock.

About Capri

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.