Highlights

  • Robert W. Baird lowers Capri target price from USD 26 to USD 18, maintains "neutral" rating.
  • UBS raises target price to USD 18 with a "neutral" rating; Wells Fargo cuts target to USD 25.
  • Capri reports a Q1 EPS loss of USD 4.90, missing estimates by USD 5.12 amid declining revenue.

Capri Holdings Limited (NYSE: CPRI) has experienced a series of analyst rating adjustments following its latest quarterly earnings report, which showed results falling short of market expectations. Several brokerage firms have updated their outlooks and price targets, reflecting varied sentiment about the company’s near-term performance.

On April 11th, Robert W. Baird reduced its price target for Capri from USD 26.00 to USD 18.00 and maintained a "neutral" rating. Around the same period, Wells Fargo & Company also lowered its target price, moving from USD 30.00 down to USD 25.00 but retained an "overweight" rating on the stock.

In more recent updates, Telsey Advisory Group reaffirmed its "market perform" rating and raised its price target from USD 17.00 to USD 20.00 on May 28th. Following that, UBS Group increased its target price from USD 14.00 to USD 18.00 and kept a "neutral" rating as of May 29th. That same day, JPMorgan Chase & Co. lowered its target price slightly from USD 19.00 to USD 18.00, also assigning a "neutral" rating.

Data shows that Capri currently holds an average analyst rating of "Hold" with a consensus price target of USD 22.50. Among analysts covering the stock, nine have issued hold ratings while four have assigned buy ratings.

Capri Holdings reported quarterly earnings on May 28th, posting a loss per share of USD 4.90, significantly missing the consensus estimate of USD 0.22 by USD 5.12. Quarterly revenue was USD 1.04 billion, narrowly exceeding estimates of USD 989.05 million but down 15.4% compared to the same period last year. The company also reported a negative return on equity of 39.55% and a negative net margin of 26.61%. During the same quarter last year, Capri had earned USD 0.42 per share.

Looking ahead, sell-side analysts forecast that Capri Holdings Limited will report earnings per share of approximately USD 0.98 for the current fiscal year.

Capri operates across multiple segments including Versace, Jimmy Choo, and Michael Kors, selling apparel, footwear, and accessories worldwide through boutiques, department stores, and e-commerce platforms. The recent earnings performance and mixed broker reactions highlight ongoing challenges as the company navigates shifting consumer demand and market conditions.