Capri (NYSE:CPRI) Shares Down 3.7% – Here’s Why

Capri Holdings Limited (NYSE:CPRI)’s stock price fell 3.7% on Monday . The stock traded as low as $14.17 and last traded at $14.2030. 260,723 shares traded hands during trading, a decline of 93% from the average session volume of 3,523,042 shares. The stock had previously closed at $14.75.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Barclays cut their price target on shares of Capri from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Thursday, August 6th. Wall Street Zen upgraded shares of Capri from a “hold” rating to a “buy” rating in a research note on Saturday, September 5th. The Goldman Sachs Group decreased their target price on Capri from $21.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. Wells Fargo & Company lowered their price objective on shares of Capri from $20.00 to $16.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 15th. Finally, BTIG Research lowered their price objective on Capri from $30.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $21.93.

Capri Stock Down 6.0%

The stock’s 50 day moving average is $14.84 and its 200 day moving average is $17.47. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.54 and a current ratio of 1.19. The company has a market capitalization of $1.57 billion, a PE ratio of 10.66, a PEG ratio of 0.32 and a beta of 1.38.

Capri (NYSE:CPRI) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.27. The company had revenue of $769.00 million during the quarter, compared to analysts’ expectations of $757.61 million. Capri had a return on equity of 297.36% and a net margin of 4.44%.The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same period in the previous year, the business earned $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. On average, sell-side analysts anticipate that Capri Holdings Limited will post 2.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CPRI. Rockefeller Capital Management L.P. raised its holdings in Capri by 14.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,303 shares of the company’s stock worth $105,000 after purchasing an additional 555 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in Capri by 2.5% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 24,444 shares of the company’s stock valued at $431,000 after acquiring an additional 600 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Capri by 8.7% during the second quarter. GAMMA Investing LLC now owns 12,274 shares of the company’s stock valued at $228,000 after buying an additional 987 shares during the last quarter. ProShare Advisors LLC boosted its holdings in shares of Capri by 4.4% during the 4th quarter. ProShare Advisors LLC now owns 26,056 shares of the company’s stock valued at $636,000 after acquiring an additional 1,087 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC raised its stake in Capri by 299.7% during the 1st quarter. Measured Wealth Private Client Group LLC now owns 1,523 shares of the company’s stock valued at $27,000 after buying an additional 1,142 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 fashion company that designs, manufactures, markets and distributes luxury apparel, accessories and footwear. Its portfolio includes the Michael Kors and Jimmy Choo brands, which offer products such as handbags, shoes, ready-to-wear clothing, watches, jewelry, eyewear and fragrances.

Michael Kors is known for its accessible luxury fashion and lifestyle products, while Jimmy Choo focuses on luxury footwear, handbags and accessories. The brands serve customers through company-operated stores, e-commerce platforms, department stores, specialty retailers, travel retail locations and selected licensing arrangements.

Capri Holdings was established as Michael Kors Holdings Limited in 2011 and adopted the Capri name in 2018 after expanding its portfolio through acquisitions of Jimmy Choo and Versace.