The stock of Capri Holdings Limited (NYSE:CPRI) decreased by -$0.88 on Monday to finish at $52.26, down -1.66 percent. The last five days have seen an average of 14,391,500 shares of common stock traded. 15 times new highs were reached in the current year, with a fall of -$5.06. The average number of shares traded over the last 20 days was 5,185,615, while the average volume over the last 50 days totaled 3,528,426.
CPRI stock appreciated 48.21% since last month. On 08/09/23, the company’s shares reached a one-month low of $34.25. The stock touched a high of $69.25 on 02/03/23, after rallying from a low of $34.17 in 52 weeks. The price of CPRI stock has declined by -8.83% or -$5.06 this year, reaching a new high 15 times. Still, the stock price is down -24.53% from the 52-week high.
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Insider Transactions
CPRI stock investors should be aware that Capri Holdings Limited (CPRI) stock had its last reported insider trading activity 151 days ago on Mar 17. On Mar 17, EVP, CFO & COO Edwards Thomas Jr. acquired 4,900 shares at $41.07 each. This transaction resulted in the insider spending $201,243. On Mar 16, IDOL JOHN D added 240,000 shares at a price of US$41.57. After the transaction, the insider now owns 1,967,545 shares. Director Gibbons Judy had earlier sold 4,920 shares on Aug 29 for $48.88 a share. The transaction was completed for $240,483.
Valuation Metrics
Capri Holdings Limited (CPRI) has a trailing price-to-earnings (P/E) ratio of 11.66. Beta for the stock is 2.16. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.11, the price-to-book (PB) ratio of 3.39, and the price-to-cash flow ratio of 14.34.
Financial Health
For the three months ended June 29, Capri Holdings Limited’s quick ratio was 0.50, while its current ratio was 1.30, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.06, and the total debt to equity ratio is 1.07. As far as profitability goes, gross margin for the trailing twelve months is 66.30% percent. Capri Holdings Limited’s EBITDA margin for the year ended June 29 was 17.46%, whereas its operating margin stood at 9.40% for the same period. Based on annual data, it had gross profit of $3.72 billion and revenue of $5.62 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CPRI’s return on assets (ROA) during the last 12 months has been 6.30%. There was a 17.70% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 23.10%.
Earnings Surprise
According to Capri Holdings Limited’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.23 billion, while revenues fell by -10.66% to $1.33 billion. It was predicted that Capri Holdings Limited’s quarterly earnings would be $0.74, but it ended up being $0.71, beating the consensus by 4.20%. EBITDA was $125.0 million for the quarter. At the end of Capri Holdings Limited’s most recent quarter ended June 29, its liabilities totaled 5.6 billion, while its total debt was $3.71 billion. Equity owned by shareholders amounts to $116.07 million.
Technical Picture
Here’s a quick look at Capri Holdings Limited’s (CPRI) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 81.38%, suggesting the stock is Overbought, with a 224.34% historical volatility rate.
The stochastic %K and %D were 92.99% and 68.30% respectively, while the average true range (ATR) was 2.81. Based on the 14-day stochastic reading of 88.85%, the RSI (14) reading is 78.11%. On the 9-day MACD Oscillator, the stock is at 11.77, and the 14-day reading is at 13.48.
Analyst Ratings
Capri Holdings Limited (NYSE: CPRI) was downgraded by JP Morgan to a a Neutral rating in its latest research report. The stock was previously rated as a an Overweight. Analysts have assigned Capri Holdings Limited (CPRI) an Hold rating. CPRI is a stock that is recommended for selling by 0 brokerage firms, while 15 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is CPRI’s price target for the next 12 months?
The current consensus forecast for the stock is between $40.00 and $60.00, with a median target price of $57.00. In analyzing these forecasts, the average price target given by analysts for Capri Holdings Limited (CPRI) is $54.24.
