Capri (NYSE:CPRI) Releases Q1 2027 Earnings Guidance

Capri (NYSE:CPRI) updated its first quarter 2027 earnings guidance on Wednesday. The company provided EPS guidance of 0.400-0.400 for the period, compared to the consensus EPS estimate of 0.330. The company issued revenue guidance of $750.0 million-$750.0 million, compared to the consensus revenue estimate of $792.7 million. Capri also updated its FY 2027 guidance to 2.150-2.150 EPS.

Analyst Upgrades and Downgrades

CPRI has been the subject of several research analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Capri in a research note on Monday, May 4th. JPMorgan Chase & Co. increased their price objective on shares of Capri from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Monday, April 13th. Barclays lowered their price objective on shares of Capri from $32.00 to $24.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. Robert W. Baird raised shares of Capri from a “neutral” rating to an “outperform” rating and set a $26.00 price objective on the stock in a research note on Wednesday, February 4th. Finally, The Goldman Sachs Group lowered their price objective on shares of Capri from $27.00 to $24.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $25.92.

Capri Trading Up 0.8%

NYSE CPRI opened at $18.63 on Wednesday. Capri has a one year low of $16.22 and a one year high of $28.26. The company’s 50 day moving average price is $18.77 and its 200 day moving average price is $21.56. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.52 and a current ratio of 1.14. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of -4.37, a PEG ratio of 0.29 and a beta of 1.43.

Capri (NYSE:CPRI) last posted its quarterly earnings results on Wednesday, May 27th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.11 by $0.11. Capri had a negative net margin of 13.57% and a negative return on equity of 430.23%. During the same period last year, the business earned ($4.90) EPS. Capri’s revenue was down 23.1% on a year-over-year basis. Capri has set its FY 2027 guidance at 2.150-2.150 EPS and its Q1 2027 guidance at 0.400-0.400 EPS. On average, sell-side analysts predict that Capri will post 1.39 EPS for the current year.

Insider Activity

In related news, CEO John D. Idol purchased 55,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The stock was acquired at an average price of $17.98 per share, for a total transaction of $988,900.00. Following the completion of the purchase, the chief executive officer owned 2,257,645 shares in the company, valued at approximately $40,592,457.10. This represents a 2.50% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.30% of the stock is owned by corporate insiders.

Institutional Trading of Capri

A number of hedge funds and other institutional investors have recently made changes to their positions in CPRI. Arrowstreet Capital Limited Partnership acquired a new position in Capri in the fourth quarter worth $53,759,000. State Street Corp boosted its holdings in Capri by 19.3% in the second quarter. State Street Corp now owns 4,479,231 shares of the company’s stock worth $79,282,000 after purchasing an additional 724,967 shares during the period. Rubric Capital Management LP acquired a new position in Capri in the fourth quarter worth $16,470,000. Jain Global LLC acquired a new position in Capri in the fourth quarter worth $11,491,000. Finally, Bank of America Corp DE boosted its holdings in Capri by 125.2% in the second quarter. Bank of America Corp DE now owns 693,849 shares of the company’s stock worth $12,281,000 after purchasing an additional 385,785 shares during the period. 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.