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

Capri (NYSE:CPRI)‘s stock had its “market perform” rating restated by equities research analysts at Telsey Advisory Group in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $23.00 price target on the stock. Telsey Advisory Group’s price objective indicates a potential downside of 0.15% from the stock’s previous close.

CPRI has been the subject of a number of other reports. Robert W. Baird set a $26.00 price objective on Capri in a research note on Wednesday, December 17th. Wells Fargo & Company reiterated an “equal weight” rating and issued a $27.00 target price (up previously from $25.00) on shares of Capri in a research note on Tuesday, December 16th. Jefferies Financial Group started coverage on shares of Capri in a research report on Wednesday, January 14th. They set a “hold” rating and a $24.00 price target for the company. Sanford C. Bernstein restated a “market perform” rating and issued a $24.00 price target on shares of Capri in a report on Tuesday, January 6th. Finally, Raymond James Financial raised shares of Capri from a “market perform” rating to an “outperform” rating and set a $25.00 price objective on the stock in a research report on Tuesday, October 21st. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Capri has an average rating of “Hold” and a consensus target price of $27.50.

Capri Stock Performance

NYSE:CPRI opened at $23.04 on Tuesday. The firm has a 50-day simple moving average of $25.22 and a 200-day simple moving average of $22.27. Capri has a one year low of $11.86 and a one year high of $28.26. The firm has a market cap of $2.74 billion, a P/E ratio of -2.34, a P/E/G ratio of 0.47 and a beta of 1.45.

Capri (NYSE:CPRI) last released its quarterly earnings data on Tuesday, November 4th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.17). The business had revenue of $856.00 million for the quarter, compared to the consensus estimate of $825.74 million. Capri had a negative net margin of 29.55% and a negative return on equity of 138.53%. 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, research analysts predict that Capri will post 0.98 EPS for the current fiscal year.

Insider Activity at Capri

In related news, CFO Rajal Mehta sold 10,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief financial officer directly owned 741 shares of the company’s stock, valued at $19,236.36. This trade represents a 93.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CPRI. Norges Bank acquired a new stake in shares of Capri during the second quarter worth $55,906,000. Cartenna Capital LP purchased a new position in Capri in the 3rd quarter worth $29,382,000. Geode Capital Management LLC lifted its position in Capri by 42.2% during the 2nd quarter. Geode Capital Management LLC now owns 2,882,813 shares of the company’s stock worth $51,032,000 after acquiring an additional 855,330 shares during the period. State Street Corp grew its stake in Capri by 19.3% during the 2nd quarter. State Street Corp now owns 4,479,231 shares of the company’s stock valued at $79,282,000 after purchasing an additional 724,967 shares during the last quarter. Finally, Fisher Asset Management LLC increased its holdings in shares of Capri by 214.1% in the second quarter. Fisher Asset Management LLC now owns 978,770 shares of the company’s stock valued at $17,324,000 after purchasing an additional 667,116 shares during the period. Institutional investors and hedge funds own 84.34% of the company’s stock.

About Capri

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.