Capri (NYSE:CPRI) Sets New 12-Month Low – Here’s What Happened

Capri Holdings Limited (NYSE:CPRI)’s share price reached a new 52-week low on Monday . The stock traded as low as $14.76 and last traded at $14.8010, with a volume of 1515914 shares trading hands. The stock had previously closed at $15.34.

Analyst Upgrades and Downgrades

CPRI has been the subject of a number of research analyst reports. Wells Fargo & Company cut 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. UBS Group lowered their price target 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. BTIG Research dropped their price target on shares of Capri from $30.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, August 6th. Raymond James Financial reiterated an “outperform” rating and set a $22.00 price objective on shares of Capri in a report on Thursday, May 28th. Finally, Robert W. Baird reduced their price objective on Capri from $26.00 to $24.00 and set an “outperform” rating for the company in a research report on Monday, July 27th. 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $21.93.

Capri Stock Down 1.7%

The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 11.10, a P/E/G ratio of 0.33 and a beta of 1.41. The business has a fifty day moving average of $17.49 and a 200 day moving average of $18.63. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.19 and a quick ratio of 0.54.

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

Insider Activity

In related news, Director Stephen F. Reitman sold 17,981 shares of Capri stock in a transaction on Monday, June 8th. The shares were sold at an average price of $19.42, for a total value of $349,191.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.60% of the company’s stock.

Hedge Funds Weigh In On Capri

Institutional investors have recently bought and sold shares of the stock. Cooper Creek Partners Management LLC bought a new stake in shares of Capri during the 1st quarter worth $23,784,000. M&T Bank Corp raised its holdings in Capri by 1,288.6% in the 4th quarter. M&T Bank Corp now owns 159,185 shares of the company’s stock worth $3,884,000 after acquiring an additional 147,721 shares during the period. Vanguard Group Inc. raised its holdings in Capri by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 11,701,832 shares of the company’s stock worth $285,525,000 after acquiring an additional 121,209 shares during the period. Fox Run Management L.L.C. lifted its position in Capri by 567.1% during the 4th quarter. Fox Run Management L.L.C. now owns 81,089 shares of the company’s stock worth $1,979,000 after acquiring an additional 68,933 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in Capri by 74.0% during the fourth quarter. BNP Paribas Financial Markets now owns 785,600 shares of the company’s stock valued at $19,169,000 after acquiring an additional 334,107 shares during the period. 84.34% of the stock is currently owned by institutional investors.

About Capri

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.