Capri (NYSE:CPRI) Upgraded at The Goldman Sachs Group

The Goldman Sachs Group upgraded shares of Capri (NYSE:CPRI) to a hold rating in a research note published on Thursday morning,Zacks.com reports.

A number of other research analysts have also issued reports on the stock. Weiss Ratings reiterated a “sell (d-)” rating on shares of Capri in a report on Wednesday, October 8th. UBS Group raised their price target on shares of Capri from $23.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday. Barclays assumed coverage on Capri in a report on Wednesday, December 3rd. They issued an “overweight” rating and a $31.00 target price on the stock. Jefferies Financial Group lifted their target price on shares of Capri from $20.00 to $24.00 and gave the stock a “hold” rating in a research report on Friday, December 12th. Finally, Telsey Advisory Group lifted their price objective on shares of Capri from $22.00 to $23.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $27.00.

Capri Price Performance

Capri stock opened at $26.15 on Thursday. The business has a 50 day simple moving average of $24.39 and a 200 day simple moving average of $21.68. The company has a market capitalization of $3.12 billion, a PE ratio of -2.66, a price-to-earnings-growth ratio of 0.52 and a beta of 1.45. Capri has a one year low of $11.86 and a one year high of $28.26.

Capri (NYSE:CPRI) last announced its quarterly earnings data on Tuesday, November 4th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate 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 firm had revenue of $856.00 million for the quarter, compared to analyst estimates 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. Equities analysts anticipate that Capri will post 0.98 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Rajal Mehta sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $25.96, for a total transaction of $259,600.00. Following the sale, the chief financial officer 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 is accessible through this hyperlink. Corporate insiders own 2.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CPRI. Norges Bank bought a new stake in Capri during the second quarter valued at $55,906,000. Cartenna Capital LP purchased a new stake in shares of Capri during the 3rd quarter valued at $29,382,000. Geode Capital Management LLC lifted its holdings in shares of 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 last quarter. State Street Corp grew its position in Capri by 19.3% in the second quarter. State Street Corp now owns 4,479,231 shares of the company’s stock worth $79,282,000 after acquiring an additional 724,967 shares in the last quarter. Finally, Fisher Asset Management LLC raised its position in Capri by 214.1% during 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 in the last quarter. 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.