Major Brokerage Firms Issue Research Notes on Capri Holdings Limited (CPRI)

Capri Holdings Limited (NYSE:CPRI) saw an upside of 3.12% to close Tuesday at $50.95 after adding $1.54 on the day. The 5-day average trading volume is 1,504,880 shares of the company’s common stock. It has gained $51.64 in the past week. An average of 1,507,830 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,579,666.

CPRI’s 1-month performance is -5.63% or -$3.10 on its low of $47.78 reached on 10/06/21. The company’s shares have touched a 52-week low of $20.17 and high of $61.25, with the stock’s rally to the 52-week high happening on 08/24/21. YTD, CPRI has achieved 21.31% or $8.95. However, the current price is down -16.82%% from the 52-week high price.


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Insider Transactions

On Aug 31, 43 days have gone by since the last insider trading activity for Capri Holdings Limited (CPRI). Reitman Stephen F (Director) most recently sold 10,000 shares at $56.23 per share on Aug 31. This transaction cost the insider $562,300. SVP, GC & Chf Sustain Off, McDonough Krista A, sold 17,000 shares at a price of $58.23 on Aug 26. Then, on May 28, SVP, Global Ops Purefoy Daniel sold 3,520 shares at a price of $56.97 per share. This transaction amounted to $200,534.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 27.65 and a low of 3.298. CPRI stock has a beta of 2.56. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.63 while the price-to-book (PB) in the most recent quarter is 3.15, with the price to cash flow ratio at 12.05.

Capri Holdings Limited’s quick ratio for the period ended June 29 was 0.60, with the current ratio over the same period at 1.10 meaning that CPRI stock is not able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.49, while the total debt to equity was 0.54. In terms of profitability, the gross margin trailing 12 months is 64.80%. The trailing 12-month EBITDA margin is 13.97% while for the period ending June 29; Capri Holdings Limited’s operating margin was 9.00%. The firm’s gross profit as reported stood at $2.6 billion against revenue of $4.06 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Net income grew 64.01% to $1.25 billion, while revenue of $1.2 billion was 4.47% off the previous quarter. Analysts expected CPRI to announce $0.8 per share in earnings in its latest quarter, but it posted $1.42, representing a 77.50% surprise. EBITDA for the quarter stood at more than $309.0 million. CPRI stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 5.17 billion, with total debt at $3.37 billion. Shareholders hold equity totaling $152.01 million

Technical Picture

Let’s look briefly at Capri Holdings Limited (CPRI) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 49.56% to suggest the stock is trending Neutral, with historical volatility in this time period at 50.57%.

The stock’s 5-day moving average is $49.90, reflecting a +1.82% or $0.91 change from its current price. CPRI is currently trading -3.65% above its 20-day SMA, -4.96% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -10.90% and +20.14% respectively.

Stochastic %K and %D was 31.87% and 30.37% and the average true range (ATR) pointed at 2.16. The RSI (14) points at 46.75%, while the 14-day stochastic is at 45.03% with the period’s ATR at 2.13. The stock’s 9-day MACD Oscillator is pointing at 0.29 and -0.75 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Capri Holdings Limited (NYSE: CPRI), Cowen upgraded it to an Outperform rating. They previously had a Market perform rating on the stock. Analysts offering their rating for CPRI stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate CPRI as a “sell,”, while 10 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 2 rates the stock as overweight while 12 have offered a “buy” rating.

What is CPRI’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $55.90 and a high of $92.00, with their median price target at $75.00. Looking at these predictions, the average price target given by analysts is for Capri Holdings Limited (CPRI) stock is $71.57.

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