Capri Holdings Ltd (NYSE:CPRI) – William Blair increased their FY2020 EPS estimates for Capri in a research note issued to investors on Monday, June 3rd, according to Zacks Investment Research. William Blair analyst D. Carden now expects that the company will post earnings of $4.97 per share for the year, up from their previous forecast of $4.95. William Blair also issued estimates for Capri’s Q1 2021 earnings at $0.95 EPS, Q4 2021 earnings at $1.11 EPS and FY2021 earnings at $5.27 EPS.
CPRI has been the subject of several other research reports. ValuEngine lowered shares of Capri from a “sell” rating to a “strong sell” rating in a research report on Wednesday, April 24th. Needham & Company LLC reiterated a “buy” rating and issued a $54.00 target price on shares of Capri in a research report on Thursday, May 30th. UBS Group decreased their target price on shares of Capri from $75.00 to $73.00 and set a “buy” rating for the company in a research report on Tuesday, April 30th. MKM Partners decreased their target price on shares of Capri to $40.00 and set a “neutral” rating for the company in a research report on Wednesday, June 5th. Finally, Barclays initiated coverage on shares of Capri in a research report on Tuesday, February 26th. They issued an “overweight” rating and a $53.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $52.00.
Shares of Capri stock traded up $0.56 during trading on Tuesday, hitting $34.23. 2,787,100 shares of the stock were exchanged, compared to its average volume of 2,783,966. The company has a fifty day moving average of $36.78. The stock has a market cap of $5.08 billion, a PE ratio of 6.89, a PEG ratio of 1.05 and a beta of 0.70. The company has a current ratio of 1.12, a quick ratio of 0.50 and a debt-to-equity ratio of 0.80. Capri has a 12 month low of $32.08 and a 12 month high of $75.96.
Capri (NYSE:CPRI) last released its quarterly earnings results on Wednesday, May 29th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.61 by $0.02. The business had revenue of $1.34 billion during the quarter, compared to analyst estimates of $1.33 billion. Capri had a net margin of 10.36% and a return on equity of 33.75%. The company’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.63 earnings per share.
A number of hedge funds and other institutional investors have recently modified their holdings of CPRI. BlackRock Inc. acquired a new stake in Capri in the 1st quarter valued at about $468,066,000. AQR Capital Management LLC acquired a new stake in Capri in the 1st quarter valued at about $405,282,000. FMR LLC acquired a new stake in Capri in the 1st quarter valued at about $312,693,000. Geode Capital Management LLC acquired a new stake in Capri in the 4th quarter valued at about $89,438,000. Finally, Northern Trust Corp acquired a new stake in Capri in the 1st quarter valued at about $94,128,000. 86.65% of the stock is owned by institutional investors.
In other Capri news, CEO John D. Idol purchased 615,000 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was bought at an average cost of $32.57 per share, with a total value of $20,030,550.00. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Thomas Jr. Edwards purchased 11,600 shares of the business’s stock in a transaction on Tuesday, June 4th. The stock was acquired at an average cost of $34.41 per share, with a total value of $399,156.00. The disclosure for this purchase can be found here. 5.30% of the stock is currently owned by corporate insiders.
Capri Company Profile
Capri Holdings Limited design, markets, distributes, and retails branded women's and men's apparel and accessories. It operates in four segments: MK Retail, MK Wholesale, MK Licensing, and Jimmy Choo. The MK Retail segment sells women's apparel; handbags and small leather goods; men's apparel; footwear; and licensed products comprising watches, jewelry, fragrances, and beauty and eyewear.
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