Capri (NYSE:CPRI) Hits New 52-Week Low – Here’s What Happened

Shares of Capri Holdings Limited (NYSE:CPRI) hit a new 52-week low on Thursday . The company traded as low as $12.40 and last traded at $12.6420, with a volume of 382549 shares. The stock had previously closed at $12.71.

Analyst Ratings Changes

A number of research firms have issued reports on CPRI. JPMorgan Chase & Co. cut their price target on Capri from $29.00 to $22.00 and set an “overweight” rating on the stock in a report on Tuesday, August 4th. Raymond James Financial reiterated an “outperform” rating and set a $22.00 target price on shares of Capri in a research report on Thursday, May 28th. BTIG Research cut their target price 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. Wells Fargo & Company reduced their price target on shares of Capri from $20.00 to $16.00 and set an “equal weight” rating for the company in a report on Wednesday, July 15th. Finally, Barclays dropped their price objective on shares of Capri from $20.00 to $19.00 and set an “overweight” rating on the stock in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $21.93.

Capri Stock Performance

The company has a debt-to-equity ratio of 2.27, a current ratio of 1.19 and a quick ratio of 0.54. The company’s fifty day moving average price is $15.23 and its 200 day moving average price is $17.69. The company has a market cap of $1.58 billion, a PE ratio of 10.68, a P/E/G ratio of 0.28 and a beta of 1.38.

Capri (NYSE:CPRI) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarter last year, the company posted $0.50 earnings per share. The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. 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 research analysts predict that Capri Holdings Limited will post 2.11 earnings per share for the current year.

Hedge Funds Weigh In On Capri

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