Capri (NYSE:CPRI) Coverage Initiated at Citigroup

Equities researchers at Citigroup started coverage on shares of Capri (NYSE:CPRI) in a report released on Monday, Marketbeat reports. The brokerage set a “buy” rating and a $31.00 price target on the stock. Citigroup’s target price would suggest a potential upside of 20.18% from the stock’s current price.

Several other research analysts have also recently weighed in on the stock. Jefferies Financial Group upped their price target on shares of Capri from $20.00 to $24.00 and gave the stock a “hold” rating in a report on Friday, December 12th. Guggenheim upgraded Capri to a “strong-buy” rating in a research note on Wednesday, December 10th. BTIG Research began coverage on Capri in a report on Tuesday, October 14th. They issued a “buy” rating and a $30.00 price target on the stock. Raymond James Financial raised Capri from a “market perform” rating to an “outperform” rating and set a $25.00 price objective for the company in a report on Tuesday, October 21st. Finally, Robert W. Baird set a $26.00 price objective on shares of Capri in a research report on Wednesday, December 17th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $26.85.

Capri Trading Up 4.6%

CPRI stock opened at $25.80 on Monday. The firm has a market cap of $3.07 billion, a PE ratio of -2.62, a price-to-earnings-growth ratio of 0.49 and a beta of 1.45. The stock has a 50-day moving average price of $24.09 and a 200-day moving average price of $21.52. Capri has a 1-year low of $11.86 and a 1-year high of $28.26.

Capri (NYSE:CPRI) last posted its quarterly earnings results on Tuesday, November 4th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.17). The company had revenue of $856.00 million during the quarter, compared to analyst estimates 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. On average, analysts forecast that Capri will post 0.98 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Rajal Mehta sold 10,000 shares of the company’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $25.96, for a total transaction of $259,600.00. Following the completion of the sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 2.30% of the company’s stock.

Institutional Trading of Capri

A number of large investors have recently added to or reduced their stakes in the company. Vontobel Holding Ltd. boosted its holdings in 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 acquiring an additional 65,259 shares during the period. AXQ Capital LP increased its stake in Capri by 67.7% during the second quarter. AXQ Capital LP now owns 44,387 shares of the company’s stock worth $786,000 after purchasing an additional 17,913 shares during the period. ProShare Advisors LLC acquired a new stake in shares of Capri during the second quarter worth about $515,000. Ameritas Investment Partners Inc. boosted its stake in shares of Capri by 47.2% in the second quarter. Ameritas Investment Partners Inc. now owns 34,778 shares of the company’s stock valued at $616,000 after purchasing an additional 11,157 shares during the period. Finally, Woodline Partners LP purchased a new position in shares of Capri in the first quarter valued at approximately $11,502,000. 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.