Capri (NYSE:CPRI) Price Target Raised to $20.00

Capri (NYSE:CPRI) had its price target lifted by The Goldman Sachs Group from $18.00 to $20.00 in a report released on Monday,Benzinga reports. The Goldman Sachs Group currently has a neutral rating on the stock.

CPRI has been the topic of a number of other research reports. TD Cowen assumed coverage on shares of Capri in a research report on Friday, October 30th. They issued a “hold” rating on the stock. Wells Fargo & Company increased their price objective on shares of Capri from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Monday. Telsey Advisory Group lowered their target price on shares of Capri from $21.00 to $18.00 and set a “market perform” rating for the company in a research note on Thursday, August 6th. Weiss Ratings reissued a “sell (d)” rating on shares of Capri in a research note on Tuesday, August 25th. Finally, Jefferies Financial Group restated a “hold” rating on shares of Capri in a report on Tuesday, September 22nd. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $22.53.

Capri Price Performance

Capri stock opened at $21.27 on Monday. The stock’s 50 day moving average is $15.04 and its 200 day moving average is $17.83. The company has a debt-to-equity ratio of 6.31, a current ratio of 1.18 and a quick ratio of 0.50. The firm has a market cap of $2.20 billion, a P/E ratio of 9.46, a P/E/G ratio of 0.42 and a beta of 1.27. Capri has a one year low of $12.40 and a one year high of $28.26.

Capri (NYSE:CPRI) last released its earnings results on Friday, October 30th. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.21. The business had revenue of $809.00 million during the quarter, compared to the consensus estimate of $786.55 million. Capri had a net margin of 6.12% and a return on equity of 242.96%. The company’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.03) EPS. As a group, research analysts expect that Capri will post 2.18 EPS for the current year.

Hedge Funds Weigh In On Capri

Several institutional investors have recently added to or reduced their stakes in the business. Keybank National Association OH boosted its holdings in shares of Capri by 18.8% during the 3rd quarter. Keybank National Association OH now owns 16,735 shares of the company’s stock worth $236,000 after buying an additional 2,643 shares in the last quarter. Penn Capital Management Company LLC increased its stake in shares of Capri by 23.8% in the 3rd quarter. Penn Capital Management Company LLC now owns 1,177,562 shares of the company’s stock valued at $16,653,000 after acquiring an additional 226,159 shares in the last quarter. Kestra Investment Management LLC bought a new stake in shares of Capri in the 3rd quarter valued at $506,000. Hohimer Wealth Management LLC bought a new stake in shares of Capri in the 3rd quarter valued at $1,140,000. Finally, Parallel Advisors LLC lifted its position in shares of Capri by 308.9% during the 3rd quarter. Parallel Advisors LLC now owns 3,680 shares of the company’s stock valued at $52,000 after acquiring an additional 2,780 shares during the period. 84.34% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Capri

Here are the key news stories impacting Capri this week:

• Positive Sentiment: Capri raised its fiscal 2027 guidance, a key catalyst for investor optimism. How Investors Are Reacting To Capri Holdings Raised 2027 Guidance
• Positive Sentiment: The company’s latest quarter topped expectations: EPS was $0.42 versus the $0.21 consensus, and revenue was $809 million versus estimates of $786.55 million. The earnings beat helped fuel the recent rally. Capri Shares Up Following Earnings Beat
• Positive Sentiment: Wells Fargo, Goldman Sachs and Barclays issued upbeat coverage or raised their price outlooks, adding to positive analyst sentiment. Wells Fargo Forecasts Strong Price Appreciation Goldman Sachs Raises Capri Price Target Barclays Forecasts Strong Price Appreciation
• Neutral Sentiment: Recent commentary describes Capri as a potential value stock after a steep share-price decline, but valuation-focused articles do not guarantee a business recovery. Capri Stock Looks Like a Bargain
• Negative Sentiment: Despite the earnings beat, quarterly revenue was down 5.5% year over year. Michael Kors is still experiencing declining revenue, with management expecting a return to growth; execution on that recovery remains important. Why Capri Holdings Stock Popped in October

Capri Company Profile

Capri Holdings Limited (NYSE: CPRI) is a global fashion and luxury goods company headquartered in London. The company designs, develops, markets and distributes luxury apparel, footwear, handbags, accessories, watches, jewelry and fragrances through its portfolio of fashion brands.

Capri’s principal brands are Michael Kors, Versace and Jimmy Choo. Michael Kors offers a broad range of fashion and lifestyle products, including handbags, footwear, apparel, watches and accessories. Versace is known for luxury clothing, accessories, footwear, home products and fragrances, while Jimmy Choo specializes in luxury footwear, handbags, accessories and fragrances.

The company sells its products through directly operated retail stores, e-commerce platforms, wholesale partners, department stores, specialty retailers and other distribution channels.