Capri (NYSE:CPRI) Hits New 1-Year Low – Here’s What Happened

Capri Holdings Limited (NYSE:CPRI) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $13.57 and last traded at $13.6610, with a volume of 780744 shares changing hands. The stock had previously closed at $13.65.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CPRI. Raymond James Financial reissued an “outperform” rating and set a $22.00 target price on shares of Capri in a report on Thursday, May 28th. Telsey Advisory Group cut their price target on shares of Capri from $21.00 to $18.00 and set a “market perform” rating on the stock in a report on Thursday, August 6th. UBS Group reduced their price objective on shares of Capri from $20.00 to $17.00 and set a “neutral” rating on the stock in a research note on Thursday, August 6th. Weiss Ratings upgraded Capri from a “sell (e+)” rating to a “sell (d)” rating in a report on Thursday, May 28th. Finally, Robert W. Baird lowered their target price on Capri from $26.00 to $24.00 and set an “outperform” rating for the company in a research report on Monday, July 27th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $21.93.

Capri Price Performance

The company has a fifty day moving average of $17.10 and a 200 day moving average of $18.44. The firm has a market capitalization of $1.56 billion, a P/E ratio of 10.50, a PEG ratio of 0.29 and a beta of 1.41. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.19 and a quick ratio of 0.54.

Capri (NYSE:CPRI) last released its earnings results on Wednesday, August 5th. The company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.27. Capri had a net margin of 4.44% and a return on equity of 297.36%. The business had revenue of $769.00 million during the quarter, compared to the consensus estimate of $757.61 million. During the same quarter in the prior year, the firm posted $0.50 EPS. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. Capri has set its Q2 2027 guidance at 0.200-0.200 EPS and its FY 2027 guidance at 2.150-2.150 EPS. Sell-side analysts predict that Capri Holdings Limited will post 2.11 earnings per share for the current year.

Insider Buying and Selling

In other Capri news, Director Stephen F. Reitman sold 17,981 shares of Capri stock in a transaction that occurred on Monday, June 8th. The stock was 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 available through this hyperlink. 2.60% of the stock is owned by corporate insiders.

Institutional Trading of Capri

Several hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System grew its holdings in Capri by 1,716.6% in the second quarter. California State Teachers Retirement System now owns 2,445,186 shares of the company’s stock worth $45,407,000 after purchasing an additional 2,310,584 shares during the period. Handelsbanken Fonder AB boosted its position in shares of Capri by 85.6% during the 2nd quarter. Handelsbanken Fonder AB now owns 63,100 shares of the company’s stock worth $1,172,000 after purchasing an additional 29,100 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Capri by 8.7% in the 2nd quarter. GAMMA Investing LLC now owns 12,274 shares of the company’s stock valued at $228,000 after buying an additional 987 shares during the period. Moody National Bank Trust Division grew its stake in shares of Capri by 11.0% in the 2nd quarter. Moody National Bank Trust Division now owns 80,599 shares of the company’s stock valued at $1,497,000 after buying an additional 7,981 shares during the period. Finally, Segall Bryant & Hamill LLC increased its position in Capri by 92.6% in the 1st quarter. Segall Bryant & Hamill LLC now owns 2,734,735 shares of the company’s stock valued at $48,186,000 after buying an additional 1,314,611 shares in the last quarter. 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.