Capri (NYSE:CPRI) Posts Earnings Results

Capri (NYSE:CPRI) announced its earnings results on Thursday. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.55), Briefing.com reports. Capri had a positive return on equity of 22.76% and a negative net margin of 4.43%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the company earned $0.74 EPS. The business’s revenue for the quarter was down 13.2% on a year-over-year basis.

Capri Stock Up 0.7 %

NYSE:CPRI traded up $0.22 during trading hours on Thursday, reaching $32.10. The company had a trading volume of 905,378 shares, compared to its average volume of 1,247,443. The company has a quick ratio of 0.44, a current ratio of 0.95 and a debt-to-equity ratio of 0.79. The firm has a market cap of $3.74 billion, a price-to-earnings ratio of -16.29, a P/E/G ratio of 3.37 and a beta of 2.01. The business’s 50-day simple moving average is $33.29 and its two-hundred day simple moving average is $39.34. Capri has a twelve month low of $30.79 and a twelve month high of $54.52.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CPRI. Wells Fargo & Company raised shares of Capri from an “equal weight” rating to an “overweight” rating and cut their price target for the stock from $57.00 to $43.00 in a report on Tuesday, June 25th. Telsey Advisory Group reissued a “market perform” rating and issued a $42.00 price objective on shares of Capri in a research note on Thursday, May 30th. OTR Global reissued a “mixed” rating on shares of Capri in a research note on Wednesday, April 17th. UBS Group dropped their price objective on shares of Capri from $41.00 to $39.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. Finally, Jefferies Financial Group dropped their price objective on shares of Capri from $57.00 to $38.00 and set a “hold” rating for the company in a research note on Thursday, May 30th. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $45.29.

About Capri

Capri Holdings Limited designs, markets, distributes, and retails branded women's and men's apparel, footwear, and accessories in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia. It operates through three segments: Versace, Jimmy Choo, and Michael Kors. The company offers ready-to-wear, accessories, footwear, handbags, scarves and belts, small leather goods, eyewear, watches, jewelry, fragrances, and home furnishings through a distribution network, including boutiques, department, and specialty stores, as well as through e-commerce sites.