Capri (NYSE:CPRI) Stock Rated “Hold” in New Coverage at TD Cowen

TD Cowen assumed coverage on shares of Capri (NYSE:CPRI) in a research report issued to clients and investors on Friday, Zacks reports. The brokerage set a “hold” rating on the stock.

CPRI has been the subject of several other research reports. Raymond James Financial upgraded Capri from an “outperform” rating to a “strong-buy” rating and set a $20.00 price target for the company in a research note on Friday, October 16th. BTIG Research cut their target price on shares of Capri from $30.00 to $25.00 and set a “buy” rating for the company in a research report on Thursday, August 6th. Telsey Advisory Group reduced their target price on shares of Capri from $21.00 to $18.00 and set a “market perform” rating for the company in a research note on Thursday, August 6th. The Goldman Sachs Group reduced their target price on shares of Capri from $21.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, August 6th. Finally, Barclays lowered their price target on shares of Capri from $20.00 to $19.00 and set an “overweight” rating on the stock in a research report on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $21.80.

Capri Price Performance

Capri stock opened at $18.52 on Friday. Capri has a 12 month low of $12.40 and a 12 month high of $28.26. The company has a current ratio of 1.19, a quick ratio of 0.54 and a debt-to-equity ratio of 2.27. The business’s 50 day simple moving average is $14.62 and its 200 day simple moving average is $17.91. The company has a market cap of $2.11 billion, a price-to-earnings ratio of 14.25, a PEG ratio of 0.34 and a beta of 1.35.

Capri (NYSE:CPRI) last announced its quarterly earnings data on Friday, October 30th. The company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.21. Capri had a return on equity of 297.36% and a net margin of 4.44%. The business had revenue of $809.00 million during the quarter, compared to analyst estimates of $786.55 million. During the same period in the prior year, the company earned ($0.03) earnings per share. Capri’s revenue was down 5.5% compared to the same quarter last year. Sell-side analysts forecast that Capri will post 2.11 EPS for the current year.

Institutional Trading of Capri

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund lifted its holdings in Capri by 3.5% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 25,500 shares of the company’s stock worth $360,000 after purchasing an additional 856 shares in the last quarter. ARGA Investment Management LP grew its holdings in Capri by 49.7% during the 3rd quarter. ARGA Investment Management LP now owns 231,305 shares of the company’s stock valued at $3,266,000 after buying an additional 76,760 shares in the last quarter. Pinnacle Wealth Planning Services Inc. purchased a new position in Capri during the 3rd quarter valued at about $47,000. Evergreen Capital Management LLC bought a new stake in shares of Capri during the third quarter valued at about $195,000. Finally, Sterling Capital Management LLC increased its position in shares of Capri by 804.7% during the third quarter. Sterling Capital Management LLC now owns 3,818 shares of the company’s stock valued at $54,000 after buying an additional 3,396 shares during the period. 84.34% of the stock is currently owned by institutional investors.

Trending Headlines about Capri

Here are the key news stories impacting Capri this week:

• Positive Sentiment: Capri reported quarterly adjusted earnings of $0.42 per share, well above the $0.21 analyst consensus and sharply ahead of the $0.03 loss recorded a year earlier. Revenue of $809 million also exceeded estimates of $786.55 million. Capri Holdings Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Profitability improved substantially: net income reached $27 million versus a $34 million loss in the prior-year quarter, while gross margin expanded to 63.3% from 61.0%. Operating income also returned to positive territory. Capri Reports Revenue and Quarterly Net Income
• Positive Sentiment: Management raised its fiscal 2027 outlook, expecting approximately $3.42 billion in adjusted revenue. Capri also repurchased about 10.3 million shares for $150 million, supporting per-share results and signaling confidence in the recovery. Capri Holdings Fiscal 2027 Second-Quarter Earnings Presentation
• Positive Sentiment: Jimmy Choo was a notable bright spot, with revenue increasing 11.5% to $146 million, partially offsetting weakness elsewhere in the portfolio.
• Negative Sentiment: Total revenue still declined 5.5% year over year, and Michael Kors revenue fell 8.6% to $663 million, highlighting ongoing brand and demand challenges. Capri also ended the quarter with $461 million of borrowings and $125 million in cash. Capri Holdings Key Second-Quarter Metrics

About Capri

Capri Holdings Limited (NYSE: CPRI) is a global fashion and luxury goods company headquartered in London. The company designs, develops, markets and distributes luxury apparel, footwear, handbags, accessories, watches, jewelry and fragrances through its portfolio of fashion brands.

Capri’s principal brands are Michael Kors, Versace and Jimmy Choo. Michael Kors offers a broad range of fashion and lifestyle products, including handbags, footwear, apparel, watches and accessories. Versace is known for luxury clothing, accessories, footwear, home products and fragrances, while Jimmy Choo specializes in luxury footwear, handbags, accessories and fragrances.

The company sells its products through directly operated retail stores, e-commerce platforms, wholesale partners, department stores, specialty retailers and other distribution channels.