Capri (NYSE:CPRI) Trading 8.2% Higher – Time to Buy?

Capri Holdings Limited (NYSE:CPRI) rose 8.2% during trading on Friday . The company traded as high as $13.81 and last traded at $13.9350. 3,863,590 shares traded hands during mid-day trading, an increase of 15% from the average session volume of 3,361,996 shares. The stock had previously closed at $12.88.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Raymond James Financial reissued an “outperform” rating and set a $22.00 price target on shares of Capri in a research report on Thursday, May 28th. UBS Group dropped their price objective on shares of Capri from $20.00 to $17.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. JPMorgan Chase & Co. cut their price objective on shares of Capri from $29.00 to $22.00 and set an “overweight” rating on the stock in a research note on Tuesday, August 4th. BTIG Research reduced their target price on shares of Capri from $30.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Finally, Wells Fargo & Company decreased their target price on shares of Capri from $20.00 to $16.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 15th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Capri currently has an average rating of “Hold” and an average price target of $21.93.

Capri Stock Performance

The firm’s 50 day moving average is $15.33 and its 200-day moving average is $17.72. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 10.77, a PEG ratio of 0.27 and a beta of 1.38. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.54 and a current ratio of 1.19.

Capri (NYSE:CPRI) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $757.61 million. During the same quarter in the previous year, the company earned $0.50 earnings per share. The firm’s revenue for the quarter 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 forecast that Capri Holdings Limited will post 2.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CPRI. State Street Corp increased its holdings in Capri by 19.3% in the 2nd quarter. State Street Corp now owns 4,479,231 shares of the company’s stock worth $79,282,000 after acquiring an additional 724,967 shares in the last quarter. Segall Bryant & Hamill LLC raised its position in shares of Capri by 92.6% during the 1st quarter. Segall Bryant & Hamill LLC now owns 2,734,735 shares of the company’s stock worth $48,186,000 after purchasing an additional 1,314,611 shares during the last quarter. California State Teachers Retirement System lifted its stake in Capri by 1,716.6% in the 2nd quarter. California State Teachers Retirement System now owns 2,445,186 shares of the company’s stock valued at $45,407,000 after buying an additional 2,310,584 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in Capri in the 4th quarter worth about $53,759,000. Finally, Dimensional Fund Advisors LP increased its stake in Capri by 34.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,165,618 shares of the company’s stock worth $38,154,000 after buying an additional 557,955 shares in the last quarter. 84.34% of the stock is owned by institutional investors and hedge funds.

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.