Capri (NYSE:CPRI) Stock Jumps 4.6% – Here’s Why

Capri Holdings Limited (NYSE:CPRI)’s share price shot up 4.6% on Wednesday. The company traded as high as $15.63 and last traded at $15.89. Approximately 911,114 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 3,578,750 shares. The stock had previously closed at $15.19.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CPRI. Jefferies Financial Group reissued a “hold” rating on shares of Capri in a research note on Tuesday. Telsey Advisory Group reduced their target price on Capri from $21.00 to $18.00 and set a “market perform” rating for the company in a research note on Thursday, August 6th. The Goldman Sachs Group dropped their target price on shares of Capri from $21.00 to $18.00 and set a “neutral” rating for the company in a research report on Thursday, August 6th. TD Cowen lowered Capri from a “buy” rating to a “hold” rating and decreased their target price for the stock from $20.00 to $17.00 in a research report on Thursday, August 6th. Finally, Barclays dropped their price objective on shares of Capri from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Thursday, August 6th. One equities 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, Capri has a consensus rating of “Hold” and an average price target of $21.93.

Capri Stock Performance

The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 2.27. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 0.33 and a beta of 1.38. The company’s 50-day simple moving average is $14.69 and its 200-day simple moving average is $17.37.

Capri (NYSE:CPRI) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.27. Capri had a return on equity of 297.36% and a net margin of 4.44%.The firm had revenue of $769.00 million for the quarter, compared to the consensus estimate of $757.61 million. During the same quarter in the previous year, the company earned $0.50 EPS. The business’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. Analysts predict that Capri Holdings Limited will post 2.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Measured Wealth Private Client Group LLC grew its holdings in Capri by 299.7% during the first quarter. Measured Wealth Private Client Group LLC now owns 1,523 shares of the company’s stock valued at $27,000 after purchasing an additional 1,142 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of Capri by 273.9% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,236 shares of the company’s stock valued at $55,000 after acquiring an additional 1,638 shares during the period. MidFirst Bank bought a new stake in Capri in the 4th quarter valued at $77,000. Hantz Financial Services Inc. increased its holdings in shares of Capri by 57.9% during the 4th quarter. Hantz Financial Services Inc. now owns 4,266 shares of the company’s stock worth $104,000 after purchasing an additional 1,565 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its position in shares of Capri by 14.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 4,303 shares of the company’s stock worth $105,000 after acquiring an additional 555 shares during the period. Institutional investors and hedge funds own 84.34% of the company’s stock.

Capri Company Profile

Capri Holdings Limited (NYSE: CPRI) is a global fashion company that designs, manufactures, markets and distributes luxury apparel, accessories and footwear. Its portfolio includes the Michael Kors and Jimmy Choo brands, which offer products such as handbags, shoes, ready-to-wear clothing, watches, jewelry, eyewear and fragrances.

Michael Kors is known for its accessible luxury fashion and lifestyle products, while Jimmy Choo focuses on luxury footwear, handbags and accessories. The brands serve customers through company-operated stores, e-commerce platforms, department stores, specialty retailers, travel retail locations and selected licensing arrangements.

Capri Holdings was established as Michael Kors Holdings Limited in 2011 and adopted the Capri name in 2018 after expanding its portfolio through acquisitions of Jimmy Choo and Versace.