Research Analysts Set Expectations for Capri Holdings Ltd’s Q3 2020 Earnings (NYSE:CPRI)

Share on StockTwits

Capri Holdings Ltd (NYSE:CPRI) – Piper Jaffray Companies lowered their Q3 2020 earnings estimates for shares of Capri in a note issued to investors on Wednesday, August 7th. Piper Jaffray Companies analyst E. Murphy now anticipates that the company will post earnings per share of $1.52 for the quarter, down from their previous estimate of $1.73. Piper Jaffray Companies also issued estimates for Capri’s Q4 2020 earnings at $1.18 EPS, FY2020 earnings at $4.90 EPS, Q1 2021 earnings at $1.08 EPS, Q3 2021 earnings at $1.62 EPS and FY2021 earnings at $5.36 EPS.

A number of other research firms have also issued reports on CPRI. Needham & Company LLC cut their price target on shares of Capri from $54.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday. Guggenheim restated a “hold” rating on shares of Capri in a report on Wednesday, May 29th. Zacks Investment Research upgraded shares of Capri from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a report on Wednesday, May 8th. ValuEngine lowered shares of Capri from a “sell” rating to a “strong sell” rating in a report on Wednesday, April 24th. Finally, Argus assumed coverage on shares of Capri in a report on Wednesday, June 12th. They set a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $51.64.

CPRI stock opened at $32.56 on Thursday. Capri has a 12 month low of $31.08 and a 12 month high of $75.96. The firm has a market capitalization of $4.79 billion, a price-to-earnings ratio of 6.55, a PEG ratio of 0.98 and a beta of 0.73. The company’s 50 day simple moving average is $34.96. The company has a current ratio of 1.12, a quick ratio of 0.50 and a debt-to-equity ratio of 0.80.

Capri (NYSE:CPRI) last released its earnings results on Wednesday, August 7th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.90 by $0.05. Capri had a net margin of 10.36% and a return on equity of 33.75%. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.37 billion. During the same period in the prior year, the business earned $1.32 earnings per share. The business’s quarterly revenue was up 11.9% on a year-over-year basis.

In related news, CEO John D. Idol acquired 615,000 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were purchased at an average price of $32.57 per share, for a total transaction of $20,030,550.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Thomas Jr. Edwards acquired 11,600 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was bought at an average price of $34.41 per share, for a total transaction of $399,156.00. The disclosure for this purchase can be found here. 5.30% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. FMR LLC acquired a new position in Capri in the 1st quarter valued at approximately $312,693,000. Rhumbline Advisers acquired a new position in shares of Capri during the 1st quarter worth $9,998,000. California Public Employees Retirement System acquired a new position in shares of Capri during the 1st quarter worth $19,779,000. New York State Common Retirement Fund acquired a new position in shares of Capri during the 1st quarter worth $12,820,000. Finally, Janus Henderson Group PLC acquired a new position in shares of Capri during the 1st quarter worth $43,256,000. Hedge funds and other institutional investors own 86.48% of the company’s stock.

Capri Company Profile

Capri Holdings Limited design, markets, distributes, and retails branded women's and men's apparel and accessories. It operates in four segments: MK Retail, MK Wholesale, MK Licensing, and Jimmy Choo. The MK Retail segment sells women's apparel; handbags and small leather goods; men's apparel; footwear; and licensed products comprising watches, jewelry, fragrances, and beauty and eyewear.

Featured Article: What are gap-down stocks?

Earnings History and Estimates for Capri (NYSE:CPRI)

Receive News & Ratings for Capri Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capri and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Energy Income Partners LLC Buys 39,795 Shares of Mplx Lp
Energy Income Partners LLC Buys 39,795 Shares of Mplx Lp
Chesapeake Utilities Co.  Stock Position Decreased by Energy Income Partners LLC
Chesapeake Utilities Co. Stock Position Decreased by Energy Income Partners LLC
Family Management Corp Sells 4,840 Shares of Nuveen Municipal Value Fund Inc
Family Management Corp Sells 4,840 Shares of Nuveen Municipal Value Fund Inc
Energy Income Partners LLC Sells 21,934 Shares of IDACORP Inc
Energy Income Partners LLC Sells 21,934 Shares of IDACORP Inc
PGIM Global Short Duration Hgh Yd Fd Inc  Shares Bought by Family Management Corp
PGIM Global Short Duration Hgh Yd Fd Inc Shares Bought by Family Management Corp
Energy Income Partners LLC Sells 131,879 Shares of WEC Energy Group Inc
Energy Income Partners LLC Sells 131,879 Shares of WEC Energy Group Inc


© 2006-2019 Ticker Report