Capri (NYSE:CPRI) updated its FY 2020 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $4.95-4.95 for the period, compared to the Thomson Reuters consensus estimate of $4.93. The company issued revenue guidance of $5.8-5.8 billion, compared to the consensus revenue estimate of $6 billion.Capri also updated its FY20 guidance to $4.95 EPS.
A number of analysts recently weighed in on the stock. Canaccord Genuity reissued a buy rating and issued a $67.00 price objective (down from $76.00) on shares of Capri in a research report on Thursday, May 30th. They noted that the move was a valuation call. Evercore ISI set a $50.00 price objective on shares of Capri and gave the stock a buy rating in a research report on Wednesday. UBS Group reduced their price objective on shares of Capri from $75.00 to $73.00 and set a buy rating on the stock in a research report on Tuesday, April 30th. Needham & Company LLC reissued a buy rating and issued a $50.00 price objective (down from $54.00) on shares of Capri in a research report on Thursday. Finally, Credit Suisse Group reduced their price objective on shares of Capri from $52.00 to $40.00 and set a neutral rating on the stock in a research report on Thursday, May 30th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $50.50.
Shares of NYSE:CPRI traded down $1.69 during trading on Friday, reaching $31.00. 5,970,891 shares of the company were exchanged, compared to its average volume of 2,726,889. The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of 6.24, a PEG ratio of 1.01 and a beta of 0.73. The business’s fifty day simple moving average is $34.85. Capri has a 12-month low of $30.52 and a 12-month high of $75.96. The company has a quick ratio of 0.50, a current ratio of 1.02 and a debt-to-equity ratio of 1.61.
Capri (NYSE:CPRI) last issued its earnings results on Wednesday, August 7th. The company reported $0.95 EPS for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.05. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.37 billion. Capri had a net margin of 7.45% and a return on equity of 30.44%. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period last year, the company posted $1.32 earnings per share. On average, sell-side analysts expect that Capri will post 4.92 EPS for the current fiscal year.
In related news, CEO John D. Idol bought 615,000 shares of Capri stock in a transaction dated Monday, June 3rd. The shares were acquired at an average cost of $32.57 per share, with a total value of $20,030,550.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Thomas Jr. Edwards bought 11,600 shares of Capri stock in a transaction dated Tuesday, June 4th. The shares were bought at an average cost of $34.41 per share, for a total transaction of $399,156.00. The disclosure for this purchase can be found here. Company insiders own 5.30% of the company’s stock.
Capri Holdings Limited design, markets, distributes, and retails branded women's and men's apparel and accessories. It operates in four segments: MK Retail, MK Wholesale, MK Licensing, and Jimmy Choo. The MK Retail segment sells women's apparel; handbags and small leather goods; men's apparel; footwear; and licensed products comprising watches, jewelry, fragrances, and beauty and eyewear.
Read More: Understanding the two types of arbitrage
Receive News & Ratings for Capri Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capri and related companies with MarketBeat.com's FREE daily email newsletter.