Capri (NYSE:CPRI) Sets New 1-Year Low – What’s Next?

Capri Holdings Limited (NYSE:CPRI)’s stock price reached a new 52-week low on Monday . The company traded as low as $14.76 and last traded at $14.8010, with a volume of 1515914 shares changing hands. The stock had previously closed at $15.34.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Bank of America dropped their price objective on Capri from $23.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday, May 28th. Wells Fargo & Company dropped their price objective on shares of Capri from $20.00 to $16.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 15th. JPMorgan Chase & Co. dropped their price target on Capri from $29.00 to $22.00 and set an “overweight” rating for the company in a research report on Tuesday, August 4th. TD Cowen cut Capri from a “buy” rating to a “hold” rating and cut their price target for the stock from $20.00 to $17.00 in a report on Thursday, August 6th. Finally, The Goldman Sachs Group cut their price objective on shares of Capri from $21.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. One investment 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $21.93.

Capri Trading Down 4.5%

The company has a market capitalization of $1.66 billion, a PE ratio of 11.27, a P/E/G ratio of 0.33 and a beta of 1.41. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.54 and a current ratio of 1.19. The business has a fifty day moving average price of $17.69 and a 200 day moving average price of $18.75.

Capri (NYSE:CPRI) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.67 earnings per share (EPS) for the quarter, topping 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 company 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 firm earned $0.50 earnings per share. Capri’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 Holdings Limited will post 2.11 EPS for the current fiscal year.

Insiders Place Their Bets

In other Capri news, Director Stephen F. Reitman sold 17,981 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Capri

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CPRI. Arrowstreet Capital Limited Partnership acquired a new stake in Capri during the 4th quarter valued at approximately $53,759,000. Norges Bank bought a new stake in Capri during the fourth quarter valued at $50,228,000. Cooper Creek Partners Management LLC bought a new stake in shares of Capri during the 1st quarter valued at about $23,784,000. Segall Bryant & Hamill LLC grew its holdings in shares of Capri by 92.6% during the first quarter. Segall Bryant & Hamill LLC now owns 2,734,735 shares of the company’s stock valued at $48,186,000 after purchasing an additional 1,314,611 shares during the last quarter. Finally, State Street Corp grew its stake in Capri by 19.3% during the 2nd quarter. State Street Corp now owns 4,479,231 shares of the company’s stock worth $79,282,000 after buying an additional 724,967 shares during the last quarter. 84.34% of the stock is owned by hedge funds and other institutional investors.

About Capri

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.