Capri (NYSE:CPRI) Shares Gap Up – Still a Buy?

Shares of Capri Holdings Limited (NYSE:CPRI) gapped up before the market opened on Tuesday . The stock had previously closed at $14.31, but opened at $14.94. Capri shares last traded at $15.9420, with a volume of 1,422,214 shares trading hands.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Barclays decreased their price target on shares of Capri from $20.00 to $19.00 and set an “overweight” rating on the stock in a research report on Thursday, August 6th. Telsey Advisory Group cut their price objective on Capri from $21.00 to $18.00 and set a “market perform” rating for the company in a research report on Thursday, August 6th. Bank of America reduced their price objective on Capri from $23.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday, May 28th. 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 report on Monday, July 27th. Finally, Wells Fargo & Company cut their target price on Capri from $20.00 to $16.00 and set an “equal weight” rating on the stock 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 given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $21.93.

Capri Trading Up 9.6%

The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 2.27. The firm has a market cap of $1.78 billion, a PE ratio of 11.93, a P/E/G ratio of 0.32 and a beta of 1.38. The company’s 50-day moving average is $14.77 and its 200 day moving average is $17.44.

Capri (NYSE:CPRI) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.67 EPS for the quarter, topping 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 firm had revenue of $769.00 million during the quarter, compared to analyst estimates of $757.61 million. During the same quarter last year, the business posted $0.50 EPS. The company’s 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. As a group, sell-side analysts predict that Capri Holdings Limited will post 2.11 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CPRI. Cooper Creek Partners Management LLC purchased a new position in Capri during the first quarter valued at approximately $23,784,000. Fox Run Management L.L.C. increased its stake in Capri by 567.1% in 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 buying an additional 68,933 shares during the period. BNP Paribas Financial Markets lifted its position in Capri by 74.0% in the 4th quarter. BNP Paribas Financial Markets now owns 785,600 shares of the company’s stock worth $19,169,000 after buying an additional 334,107 shares in the last quarter. Polar Asset Management Partners Inc. purchased a new stake in Capri in the 1st quarter worth approximately $3,027,000. Finally, Quantinno Capital Management LP boosted its stake in shares of Capri by 105.4% during the 1st quarter. Quantinno Capital Management LP now owns 176,583 shares of the company’s stock valued at $3,111,000 after buying an additional 90,600 shares during the period. 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.