BTIG Research Cuts Capri (NYSE:CPRI) Price Target to $25.00

Capri (NYSE:CPRI) had its price objective dropped by analysts at BTIG Research from $30.00 to $25.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. BTIG Research’s price target suggests a potential upside of 57.10% from the company’s previous close.

Other research analysts have also recently issued reports about the stock. Weiss Ratings raised shares of Capri from a “sell (e+)” rating to a “sell (d)” rating in a research report on Thursday, May 28th. Wells Fargo & Company dropped their target price on Capri from $20.00 to $16.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 15th. Barclays restated an “overweight” rating and issued a $19.00 target price on shares of Capri in a research note on Thursday. UBS Group dropped their price objective on Capri from $22.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday, May 28th. Finally, Raymond James Financial reaffirmed an “outperform” rating and issued a $22.00 price target on shares of Capri in a report on Thursday, May 28th. 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 company. According to MarketBeat, Capri currently has a consensus rating of “Hold” and a consensus target price of $22.33.

Capri Stock Performance

NYSE:CPRI opened at $15.91 on Thursday. The company has a market cap of $1.83 billion, a P/E ratio of 13.96, a P/E/G ratio of 0.30 and a beta of 1.41. The firm’s 50 day moving average is $18.16 and its two-hundred day moving average is $19.21. Capri has a fifty-two week low of $15.19 and a fifty-two week high of $28.26. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 4.08.

Capri (NYSE:CPRI) last released 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 return on equity of 664.22% and a net margin of 3.94%.The business had revenue of $769.00 million during the quarter, compared to the consensus estimate of $756.25 million. During the same period in the prior year, the firm posted $0.50 EPS. The business’s revenue for the quarter 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. Analysts expect that Capri will post 2.06 EPS for the current year.

Insider Buying and Selling at Capri

In related news, Director Stephen F. Reitman sold 17,981 shares of the stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $19.42, for a total transaction of $349,191.02. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Capri

A number of hedge funds and other institutional investors have recently bought and sold shares of CPRI. Los Angeles Capital Management LLC raised its holdings in shares of Capri by 1.3% in the 4th quarter. Los Angeles Capital Management LLC now owns 41,707 shares of the company’s stock worth $1,018,000 after buying an additional 550 shares in the last quarter. Empowered Funds LLC raised its stake in Capri by 3.4% during the fourth quarter. Empowered Funds LLC now owns 16,580 shares of the company’s stock worth $405,000 after acquiring an additional 550 shares in the last quarter. Rockefeller Capital Management L.P. lifted its holdings in shares of Capri by 14.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 4,303 shares of the company’s stock valued at $105,000 after acquiring an additional 555 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in shares of Capri by 2.5% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 24,444 shares of the company’s stock worth $431,000 after purchasing an additional 600 shares during the last quarter. Finally, California State Teachers Retirement System increased its position in shares of Capri by 0.7% during the 2nd quarter. California State Teachers Retirement System now owns 108,789 shares of the company’s stock worth $1,926,000 after purchasing an additional 734 shares in the last quarter. 84.34% of the stock is currently owned by institutional investors and hedge funds.

Capri News Roundup

Here are the key news stories impacting Capri this week:

• Positive Sentiment: Capri reported fiscal first-quarter EPS of $0.67, well above the $0.40 analyst consensus and up from $0.50 a year earlier. Revenue of $769 million also exceeded estimates of $756.25 million, providing evidence that recent cost controls or operational improvements are supporting profitability. Capri Holdings Surpasses Q1 Earnings and Revenue Estimates
• Positive Sentiment: JPMorgan maintained an “overweight” rating while lowering its price target from $29 to $22, suggesting the analyst still sees substantial long-term upside if Capri’s brands stabilize. JPMorgan Price Target Update

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.