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

Capri Holdings Limited (NYSE:CPRI)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $13.57 and last traded at $13.6610, with a volume of 780744 shares trading hands. The stock had previously closed at $13.65.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Raymond James Financial reissued an “outperform” rating and issued a $22.00 price objective on shares of Capri in a report on Thursday, May 28th. BTIG Research lowered their target price on shares of Capri from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Weiss Ratings upgraded shares of Capri from a “sell (e+)” rating to a “sell (d)” rating in a research report on Thursday, May 28th. Robert W. Baird cut their price target on Capri from $26.00 to $24.00 and set an “outperform” rating for the company in a research note on Monday, July 27th. Finally, TD Cowen downgraded Capri from a “buy” rating to a “hold” rating and reduced their price target for the stock from $20.00 to $17.00 in a research report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Capri currently has a consensus rating of “Hold” and an average price target of $21.93.

Capri Price Performance

The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 2.27. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 10.50, a P/E/G ratio of 0.29 and a beta of 1.41. The business’s 50 day simple moving average is $17.10 and its 200-day simple moving average is $18.44.

Capri (NYSE:CPRI) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.40 by $0.27. Capri had a net margin of 4.44% and a return on equity of 297.36%. The business had revenue of $769.00 million during the quarter, compared to the consensus estimate of $757.61 million. During the same period in the previous year, the business earned $0.50 earnings per share. 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. On average, research analysts forecast that Capri Holdings Limited will post 2.11 earnings per share for the current year.

Insider Activity at Capri

In other news, Director Stephen F. Reitman sold 17,981 shares of the firm’s stock in a transaction that occurred 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 filing with the SEC, which is available through this hyperlink. Company insiders own 2.60% of the company’s stock.

Institutional Trading of Capri

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Measured Wealth Private Client Group LLC lifted its stake in shares of Capri by 299.7% in the 1st quarter. Measured Wealth Private Client Group LLC now owns 1,523 shares of the company’s stock valued at $27,000 after acquiring an additional 1,142 shares during the last quarter. Quantbot Technologies LP acquired a new position in Capri in the 2nd quarter worth about $39,000. Caitong International Asset Management Co. Ltd raised its position in 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 last quarter. MidFirst Bank bought a new position in Capri in the fourth quarter valued at about $77,000. Finally, Hantz Financial Services Inc. boosted its stake in shares of Capri by 57.9% during the fourth quarter. Hantz Financial Services Inc. now owns 4,266 shares of the company’s stock valued at $104,000 after purchasing an additional 1,565 shares in the last quarter. Institutional investors own 84.34% of the company’s stock.

Capri Company Profile

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.