Robert W. Baird Upgrades Capri (NYSE:CPRI) to Outperform

Capri (NYSE:CPRI) was upgraded by stock analysts at Robert W. Baird from a “neutral” rating to an “outperform” rating in a report issued on Wednesday, MarketBeat reports. The firm presently has a $26.00 target price on the stock. Robert W. Baird’s target price suggests a potential upside of 32.62% from the stock’s previous close.

Several other equities analysts also recently issued reports on the stock. Zacks Research downgraded shares of Capri from a “strong-buy” rating to a “hold” rating in a report on Friday, December 5th. Sanford C. Bernstein reissued a “market perform” rating and issued a $24.00 target price on shares of Capri in a report on Tuesday, January 6th. UBS Group reaffirmed a “neutral” rating and set a $22.00 price target on shares of Capri in a report on Wednesday. The Goldman Sachs Group began coverage on Capri in a research report on Thursday, January 8th. They issued a “neutral” rating and a $27.00 price objective for the company. Finally, Barclays raised their target price on Capri from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $26.21.

Capri Trading Down 5.5%

CPRI stock opened at $19.61 on Wednesday. The company has a current ratio of 1.14, a quick ratio of 0.69 and a debt-to-equity ratio of 2.07. The firm has a market cap of $2.34 billion, a P/E ratio of -4.60, a P/E/G ratio of 0.41 and a beta of 1.45. Capri has a 1-year low of $11.86 and a 1-year high of $28.26. The business’s 50 day moving average is $24.87 and its 200-day moving average is $22.35.

Capri (NYSE:CPRI) last announced its quarterly earnings results on Tuesday, February 3rd. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.78 by $0.03. Capri had a negative return on equity of 430.23% and a negative net margin of 13.57%.The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $999.84 million. During the same quarter in the previous year, the firm earned $0.63 EPS. Capri’s quarterly revenue was down 4.0% on a year-over-year basis. Capri has set its FY 2026 guidance at 1.300-1.400 EPS. Equities analysts anticipate that Capri will post 0.98 earnings per share for the current fiscal year.

Insider Buying and Selling at Capri

In other news, CFO Rajal Mehta sold 10,000 shares of the company’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $25.96, for a total transaction of $259,600.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.30% of the stock is currently owned by insiders.

Institutional Trading of Capri

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd acquired a new stake in shares of Capri during the 3rd quarter worth approximately $39,000. Quantbot Technologies LP bought a new position in Capri in the second quarter valued at approximately $39,000. CWM LLC grew its holdings in Capri by 37.2% during the 2nd quarter. CWM LLC now owns 2,360 shares of the company’s stock worth $42,000 after acquiring an additional 640 shares during the period. Hantz Financial Services Inc. raised its position in shares of Capri by 167.4% during the 3rd 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 during the last quarter. Finally, Root Financial Partners LLC acquired a new position in shares of Capri in the 3rd quarter valued at $60,000. 84.34% of the stock is 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.