The stock of Capri Holdings Limited (NYSE:CPRI) last traded at $53.14, down -1.41% from the previous session.
Data from the available sources indicates that Capri Holdings Limited (NYSE:CPRI) is covered by 16 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $68.00 and a low of $34.00, we find $56.00. Given the previous closing price of $53.90, this indicates a potential upside of 3.9 percent. CPRI stock price is now 45.55% away from the 50-day moving average and 13.60% away from the 200-day moving average. The market capitalization of the company currently stands at $6.33B.
In total, 14 analysts have assigned it a hold rating, and 2 have given it a buy rating. Brokers who have rated the stock have averaged $52.67 as their price target over the next twelve months.
With the price target maintained at $47, JP Morgan recently Downgraded its rating from Overweight to Neutral for Capri Holdings Limited (NYSE: CPRI).
In other news, Edwards Thomas Jr., EVP, CFO & COO bought 4,900 shares of the company’s stock on Mar 17. The stock was bought for $201,243 at an average price of $41.07. Upon completion of the transaction, the EVP, CFO & COO now directly owns 127,319 shares in the company, valued at $6.77 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 16, Chairman & CEO IDOL JOHN D bought 240,000 shares of the business’s stock. A total of $9,976,236 was incurred on buying the stock at an average price of $41.57. This leaves the insider owning 1,967,545 shares of the company worth $104.56 million. Insiders disposed of 2,641,404 shares of company stock worth roughly $140.36 million over the past 1 year. A total of 1.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CPRI stock. A new stake in Capri Holdings Limited shares was purchased by COOPER CREEK PARTNERS MANAGEMENT LLC during the first quarter worth $35,076,000. BANK OF NOVA SCOTIA invested $28,290,000 in shares of CPRI during the first quarter. In the first quarter, PARK WEST ASSET MANAGEMENT LLC acquired a new stake in Capri Holdings Limited valued at approximately $13,019,000. SQUAREPOINT OPS LLC acquired a new stake in CPRI for approximately $9,684,000. SIMPLEX TRADING, LLC purchased a new stake in CPRI valued at around $5,385,000 in the second quarter. In total, there are 514 active investors with 95.20% ownership of the company’s stock.
During the past 12 months, Capri Holdings Limited has had a low of $34.17 and a high of $69.25. As of last week, the company has a debt-to-equity ratio of 1.07, a current ratio of 1.30, and a quick ratio of 0.50. According to the stock market information, the enterprise value for the company is $9.64B, which is based on a 11.85 price-to-earnings ratio, a 3.70 price-to-earnings-growth ratio, and a beta of 2.16. The fifty day moving average price for CPRI is $36.87 and a two-hundred day moving average price translates $46.83 for the stock.
The latest earnings results from Capri Holdings Limited (NYSE: CPRI) was released for Jun, 2023. According to the Luxury Goods Company, earnings per share came in at $0.74, beating analysts’ expectations of $0.71 by 0.03. This compares to $1.41 EPS in the same period last year. The net profit margin was 8.20% and return on equity was 23.10% for CPRI. The company reported revenue of $1.23 billion for the quarter, compared to $1.36 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -9.63 percent. For the current quarter, analysts expect CPRI to generate $1.36B in revenue.
Capri Holdings Limited(CPRI) Company Profile
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. It also engages in licensing agreements to the manufacture and sale of watches, jewelry, eyewear, and fragrances. The company was formerly known as Michael Kors Holdings Limited and changed its name to Capri Holdings Limited in December 2018. Capri Holdings Limited was founded in 1981 and is headquartered in London, the United Kingdom.
