Telsey Advisory Group Reiterates Market Perform Rating for Capri (NYSE:CPRI)

Capri (NYSE:CPRI)‘s stock had its “market perform” rating reaffirmed by stock analysts at Telsey Advisory Group in a report issued on Tuesday,Benzinga reports. They currently have a $23.00 price objective on the stock. Telsey Advisory Group’s target price indicates a potential downside of 5.39% from the stock’s previous close.

CPRI has been the subject of a number of other research reports. Robert W. Baird set a $26.00 target price on Capri in a report on Wednesday, December 17th. Citigroup raised shares of Capri from a “buy” rating to a “mixed” rating in a research note on Tuesday, January 20th. Zacks Research cut shares of Capri from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. UBS Group set a $32.00 price target on shares of Capri in a report on Thursday. Finally, BTIG Research began coverage on shares of Capri in a research report on Tuesday, October 14th. They set a “buy” rating and a $30.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $27.50.

Capri Trading Down 1.5%

CPRI opened at $24.31 on Tuesday. Capri has a 12 month low of $11.86 and a 12 month high of $28.26. The company has a market cap of $2.90 billion, a PE ratio of -2.47, a price-to-earnings-growth ratio of 0.49 and a beta of 1.45. The company has a 50 day moving average of $25.16 and a 200 day moving average of $22.23.

Capri (NYSE:CPRI) last posted its earnings results on Tuesday, November 4th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.17). The company had revenue of $856.00 million for the quarter, compared to analysts’ expectations of $825.74 million. Capri had a negative return on equity of 138.53% and a negative net margin of 29.55%.Capri has set its Q3 2026 guidance at 0.700-0.80 EPS and its FY 2026 guidance at 1.200-1.400 EPS. Research analysts forecast that Capri will post 0.98 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CFO Rajal Mehta sold 10,000 shares of the stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $25.96, for a total value of $259,600.00. Following the transaction, the chief financial officer owned 741 shares of the company’s stock, valued at $19,236.36. This represents a 93.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.30% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vontobel Holding Ltd. increased its position in shares of Capri by 105.6% during the 3rd quarter. Vontobel Holding Ltd. now owns 127,029 shares of the company’s stock valued at $2,530,000 after purchasing an additional 65,259 shares during the last quarter. AXQ Capital LP grew its position in Capri by 67.7% during the second quarter. AXQ Capital LP now owns 44,387 shares of the company’s stock valued at $786,000 after acquiring an additional 17,913 shares during the last quarter. ProShare Advisors LLC purchased a new position in shares of Capri during the second quarter worth approximately $515,000. Ameritas Investment Partners Inc. lifted its holdings in shares of Capri by 47.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 34,778 shares of the company’s stock worth $616,000 after acquiring an additional 11,157 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Capri in the 2nd quarter worth approximately $55,906,000. 84.34% of the stock is currently owned by hedge funds and other institutional investors.

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.