Capri (NYSE:CPRI) Given Buy Rating at BTIG Research

Capri (NYSE:CPRIGet Free Report)‘s stock had its “buy” rating reiterated by BTIG Research in a note issued to investors on Thursday,Benzinga reports. They currently have a $30.00 target price on the stock. BTIG Research’s price objective would suggest a potential upside of 64.43% from the company’s previous close.

Several other equities research analysts also recently weighed in on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Capri in a research report on Monday, May 4th. Robert W. Baird upgraded shares of Capri from a “neutral” rating to an “outperform” rating and set a $26.00 price objective on the stock in a report on Wednesday, February 4th. Barclays cut their price target on shares of Capri from $32.00 to $24.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. UBS Group reissued a “neutral” rating and set a $22.00 price objective on shares of Capri in a research report on Wednesday, February 4th. Finally, Wells Fargo & Company lowered their price objective on shares of Capri from $27.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $25.69.

Read Our Latest Stock Report on Capri

Capri Trading Down 1.4%

Shares of CPRI stock opened at $18.25 on Thursday. The stock has a fifty day simple moving average of $18.77 and a two-hundred day simple moving average of $21.53. Capri has a 52-week low of $16.22 and a 52-week high of $28.26. The firm has a market capitalization of $2.17 billion, a PE ratio of -4.28, a PEG ratio of 0.29 and a beta of 1.43. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.52 and a current ratio of 1.14.

Capri (NYSE:CPRIGet Free Report) last announced its quarterly earnings results on Wednesday, May 27th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.11. Capri had a negative net margin of 13.57% and a negative return on equity of 430.23%. The firm had revenue of $796.00 million during the quarter, compared to the consensus estimate of $800.04 million. During the same quarter last year, the firm earned ($4.90) EPS. The firm’s revenue for the quarter was down 23.1% compared to the same quarter last year. Capri has set its FY 2027 guidance at 2.150-2.150 EPS and its Q1 2027 guidance at 0.400-0.400 EPS. On average, analysts predict that Capri will post 1.39 EPS for the current fiscal year.

Insider Activity

In other news, CEO John D. Idol acquired 55,000 shares of the business’s stock in a transaction dated Wednesday, March 11th. The stock was acquired at an average price of $17.98 per share, with a total value of $988,900.00. Following the completion of the transaction, the chief executive officer directly owned 2,257,645 shares in the company, valued at approximately $40,592,457.10. This represents a 2.50% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Capri

Institutional investors and hedge funds have recently bought and sold shares of the stock. Measured Wealth Private Client Group LLC grew its stake in Capri by 299.7% during the first quarter. Measured Wealth Private Client Group LLC now owns 1,523 shares of the company’s stock worth $27,000 after buying an additional 1,142 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in shares of Capri in the third quarter valued at $39,000. Quantbot Technologies LP purchased a new position in shares of Capri in the second quarter valued at $39,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Capri by 273.9% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,236 shares of the company’s stock valued at $55,000 after purchasing an additional 1,638 shares during the period. Finally, Hantz Financial Services Inc. boosted its stake in shares of Capri by 167.4% in the third quarter. Hantz Financial Services Inc. now owns 2,701 shares of the company’s stock valued at $54,000 after purchasing an additional 1,691 shares during the period. Institutional investors and hedge funds own 84.34% of the company’s stock.

Key Capri News

Here are the key news stories impacting Capri this week:

Capri Company Profile

(Get Free Report)

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.

Recommended Stories

Analyst Recommendations for Capri (NYSE:CPRI)

Receive News & Ratings for Capri Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capri and related companies with MarketBeat.com's FREE daily email newsletter.