Capri Holdings Limited (CPRI) – Don’t Be So Quick to Call it Dead

Capri Holdings Limited (NYSE: CPRI) is -31.32% lower on its value in year-to-date trading and has touched a low of $36.40 and a high of $69.25 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CPRI stock was last observed hovering at around $39.13 in the last trading session, with the day’s gains setting it 0.24% off its average median price target of $57.50 for the next 12 months. It is also 43.76% off the consensus price target high of $70.00 offered by 18 analysts, but current levels are 12.51% higher than the price target low of $45.00 for the same period.

Currently trading at $39.37, the stock is -0.16% and -6.82% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.97 million and changing 0.61% at the moment leaves the stock -20.12% off its SMA200. CPRI registered -6.57% loss for a year compared to 6-month loss of -23.55%. The firm has a 50-day simple moving average (SMA 50) of $1.47 and a 200-day simple moving average (SMA200) of $7.72.

The stock witnessed a -7.19% gain in the last 1 month and extending the period to 3 months gives it a -21.34%, and is -2.67% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.08% over the week and 3.17% over the month.

Capri Holdings Limited (CPRI) has around 9700 employees, a market worth around $5.14B and $5.78B in sales. Current P/E ratio is 7.85 and Fwd P/E is 6.22. Profit margin for the company is 12.70%. Distance from 52-week low is 8.16% and -43.15% from its 52-week high. The company has generated returns on investments over the last 12 months (20.70%).

Capri Holdings Limited (CPRI) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Capri Holdings Limited (CPRI) is a “Overweight”. 18 analysts offering their recommendations for the stock have an average rating of 2.30, where 8 rate it as a Hold and 1 think it is a “Overweight”. 9 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

The EPS is expected to shrink by -1.40% this year

Capri Holdings Limited (CPRI) Top Institutional Holders

The shares outstanding are 128.85M, and float is at 125.46M with Short Float at 4.32%.

Capri Holdings Limited (CPRI) Insider Activity

A total of 10 insider transactions have happened at Capri Holdings Limited (CPRI) in the last six months, with sales accounting for 3 and purchases happening 7 times. The most recent transaction is an insider purchase by Edwards Thomas Jr., the company’s EVP, CFO & COO. SEC filings show that Edwards Thomas Jr. bought 4,900 shares of the company’s common stock on Mar 17 at a price of $41.07 per share for a total of $0.2 million. Following the purchase, the insider now owns 0.13 million shares.

Capri Holdings Limited disclosed in a document filed with the SEC on Mar 16 that IDOL JOHN D (Chairman & CEO) bought a total of 240,000 shares of the company’s common stock. The trade occurred on Mar 16 and was made at $41.57 per share for $9.98 million. Following the transaction, the insider now directly holds 1.97 million shares of the CPRI stock.

Still, SEC filings show that on Aug 29, Gibbons Judy (Director) disposed off 4,920 shares at an average price of $48.88 for $0.24 million. The insider now directly holds 24,620 shares of Capri Holdings Limited (CPRI).

Capri Holdings Limited (CPRI): Who are the competitors?

The company’s main competitors (and peers) include Moelis & Company (MC) that is trading -14.91% down over the past 12 months.