Capri (NYSE:CPRI) Now Covered by Analysts at Citigroup

Citigroup began coverage on shares of Capri (NYSE:CPRI) in a report released on Monday, Marketbeat.com reports. The brokerage issued a buy rating and a $31.00 price target on the stock.

A number of other equities analysts also recently issued reports on the company. Zacks Research downgraded Capri from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. Raymond James Financial raised Capri from a “market perform” rating to an “outperform” rating and set a $25.00 target price on the stock in a report on Tuesday, October 21st. BTIG Research started coverage on Capri in a research report on Tuesday, October 14th. They issued a “buy” rating and a $30.00 target price on the stock. Barclays started coverage on shares of Capri in a research report on Wednesday, December 3rd. They set an “overweight” rating and a $31.00 price target for the company. Finally, Telsey Advisory Group raised their price objective on shares of Capri from $22.00 to $23.00 and gave the stock a “market perform” rating in a report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Capri has an average rating of “Hold” and a consensus price target of $27.08.

Capri Stock Performance

Shares of NYSE:CPRI opened at $24.68 on Monday. The firm has a market cap of $2.94 billion, a price-to-earnings ratio of -2.51, a price-to-earnings-growth ratio of 0.49 and a beta of 1.45. The business has a 50-day simple moving average of $24.02 and a two-hundred day simple moving average of $21.46. Capri has a fifty-two week low of $11.86 and a fifty-two week high of $28.26.

Capri (NYSE:CPRI) last announced its quarterly earnings results 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). Capri had a negative net margin of 29.55% and a negative return on equity of 138.53%. The company had revenue of $856.00 million for the quarter, compared to analysts’ expectations of $825.74 million. Capri has set its Q3 2026 guidance at 0.700-0.80 EPS and its FY 2026 guidance at 1.200-1.400 EPS. As a group, research analysts predict that Capri will post 0.98 earnings per share for the current year.

Insider Activity

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 sale, the chief financial officer directly owned 741 shares of the company’s stock, valued at approximately $19,236.36. This represents a 93.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.30% of the company’s stock.

Hedge Funds Weigh In On Capri

A number of hedge funds have recently modified their holdings of CPRI. Aster Capital Management DIFC Ltd bought a new stake in shares of Capri during the 3rd quarter valued at $39,000. Quantbot Technologies LP purchased a new stake in Capri in the 2nd quarter worth $39,000. CWM LLC raised its holdings in Capri by 37.2% during the second quarter. CWM LLC now owns 2,360 shares of the company’s stock valued at $42,000 after acquiring an additional 640 shares during the period. Hantz Financial Services Inc. lifted its position in shares of Capri by 167.4% in the third quarter. Hantz Financial Services Inc. now owns 2,701 shares of the company’s stock valued at $54,000 after acquiring an additional 1,691 shares in the last quarter. Finally, Root Financial Partners LLC bought a new position in shares of Capri in the third quarter worth about $60,000. 84.34% of the stock is currently owned by 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.