Capri (NYSE:CPRI) Price Target Raised to $24.00

Capri (NYSE:CPRI) had its price target raised by Barclays from $19.00 to $24.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other research analysts have also issued reports about the company. Jefferies Financial Group reissued a “hold” rating on shares of Capri in a report on Tuesday, September 22nd. BTIG Research dropped their price target on 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 raised their price target on Capri from $16.00 to $18.00 and gave the company an “equal weight” rating in a report on Monday. JPMorgan Chase & Co. reduced their price objective on shares of Capri from $29.00 to $22.00 and set an “overweight” rating for the company in a research report on Tuesday, August 4th. Finally, UBS Group upped their price objective on shares of Capri from $17.00 to $19.00 and gave the company a “neutral” rating in a report on Monday. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $22.53.

Capri Trading Up 6.1%

Capri stock opened at $21.27 on Monday. Capri has a 52 week low of $12.40 and a 52 week high of $28.26. The company has a debt-to-equity ratio of 6.31, a quick ratio of 0.50 and a current ratio of 1.18. The stock has a market capitalization of $2.20 billion, a P/E ratio of 9.46, a PEG ratio of 0.42 and a beta of 1.27. The stock has a 50-day simple moving average of $15.04 and a 200 day simple moving average of $17.83.

Capri (NYSE:CPRI) last announced its quarterly earnings results on Friday, October 30th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.21. The firm had revenue of $809.00 million for the quarter, compared to the consensus estimate of $786.55 million. Capri had a return on equity of 242.96% and a net margin of 6.12%. The business’s revenue was down 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.03) earnings per share. Analysts expect that Capri will post 2.18 earnings per share for the current year.

Hedge Funds Weigh In On Capri

Large investors have recently made changes to their positions in the company. Measured Wealth Private Client Group LLC grew its stake in shares of Capri by 299.7% in the first 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 in the last quarter. Pinnacle Wealth Planning Services Inc. acquired a new stake in Capri in the 3rd quarter worth about $47,000. Parallel Advisors LLC raised its stake in Capri by 308.9% in the 3rd quarter. Parallel Advisors LLC now owns 3,680 shares of the company’s stock worth $52,000 after purchasing an additional 2,780 shares in the last quarter. Sterling Capital Management LLC raised its stake in Capri by 804.7% in the 3rd quarter. Sterling Capital Management LLC now owns 3,818 shares of the company’s stock worth $54,000 after purchasing an additional 3,396 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its holdings in Capri by 14.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,303 shares of the company’s stock valued at $105,000 after purchasing an additional 555 shares during the period. Institutional investors own 84.34% of the company’s stock.

Capri News Roundup

Here are the key news stories impacting Capri this week:

• Positive Sentiment: Capri raised its fiscal 2027 guidance, a key catalyst for investor optimism. How Investors Are Reacting To Capri Holdings Raised 2027 Guidance
• Positive Sentiment: The company’s latest quarter topped expectations: EPS was $0.42 versus the $0.21 consensus, and revenue was $809 million versus estimates of $786.55 million. The earnings beat helped fuel the recent rally. Capri Shares Up Following Earnings Beat
• Positive Sentiment: Wells Fargo, Goldman Sachs and Barclays issued upbeat coverage or raised their price outlooks, adding to positive analyst sentiment. Wells Fargo Forecasts Strong Price Appreciation Goldman Sachs Raises Capri Price Target Barclays Forecasts Strong Price Appreciation
• Neutral Sentiment: Recent commentary describes Capri as a potential value stock after a steep share-price decline, but valuation-focused articles do not guarantee a business recovery. Capri Stock Looks Like a Bargain
• Negative Sentiment: Despite the earnings beat, quarterly revenue was down 5.5% year over year. Michael Kors is still experiencing declining revenue, with management expecting a return to growth; execution on that recovery remains important. Why Capri Holdings Stock Popped in October

Capri Company Profile

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.