Capri (NYSE:CPRI) issued its quarterly earnings results on Tuesday. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.36, MarketWatch Earnings reports. Capri had a positive return on equity of 11.32% and a negative net margin of 10.60%. The firm had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the company earned $0.11 EPS.
Shares of NYSE CPRI traded up $0.91 during mid-day trading on Thursday, hitting $55.51. 18,409 shares of the company traded hands, compared to its average volume of 1,783,241. The business has a 50 day moving average of $54.54 and a two-hundred day moving average of $46.21. The stock has a market capitalization of $8.38 billion, a price-to-earnings ratio of -18.76, a PEG ratio of 2.71 and a beta of 2.50. Capri has a 1 year low of $13.80 and a 1 year high of $59.60. The company has a quick ratio of 0.44, a current ratio of 0.94 and a debt-to-equity ratio of 0.53.
In other news, SVP Daniel Purefoy sold 687 shares of Capri stock in a transaction that occurred on Tuesday, March 9th. The shares were sold at an average price of $53.60, for a total value of $36,823.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.50% of the stock is currently owned by insiders.
Several equities research analysts have commented on CPRI shares. Morgan Stanley upped their price target on Capri from $43.00 to $46.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 2nd. Robert W. Baird lifted their target price on shares of Capri from $58.00 to $66.00 and gave the company an “outperform” rating in a report on Thursday. Barclays increased their price target on Capri from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Thursday, February 4th. Citigroup boosted their price objective on Capri from $32.00 to $53.00 in a research note on Wednesday, January 27th. Finally, Piper Sandler raised their target price on Capri from $58.00 to $63.00 and gave the company an “overweight” rating in a report on Monday, March 15th. Nine investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $48.95.
Capri Company Profile
Capri Holdings Limited designs, markets, distributes, and retails branded women's and men's apparel, footwear, and accessories in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia. The company's Versace segment offers ready-to-wear, accessories, footwear, and home furnishings through a distribution network, including boutiques; and department and specialty stores, as well as through Versace e-commerce sites.
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