Capri (NYSE:CPRI) updated its second quarter earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $1.21-1.26 for the period, compared to the Thomson Reuters consensus estimate of $1.25. The company issued revenue guidance of ~$1.45 billion, compared to the consensus revenue estimate of $1.47 billion.Capri also updated its FY 2020 guidance to $4.95-4.95 EPS.
Several brokerages have issued reports on CPRI. Guggenheim reiterated a hold rating on shares of Capri in a research report on Wednesday, May 29th. Argus began coverage on shares of Capri in a research report on Wednesday, June 12th. They set a hold rating for the company. ValuEngine lowered shares of Capri from a sell rating to a strong sell rating in a research report on Wednesday, April 24th. MKM Partners dropped their target price on shares of Capri to $40.00 and set a neutral rating for the company in a research report on Wednesday, June 5th. Finally, UBS Group dropped their target price on shares of Capri from $75.00 to $73.00 and set a buy rating for the company in a research report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $50.50.
Shares of CPRI stock traded down $1.69 during trading hours on Friday, hitting $31.00. 5,970,891 shares of the company’s stock were exchanged, compared to its average volume of 2,726,889. The stock has a market capitalization of $4.91 billion, a P/E ratio of 6.24, a PEG ratio of 1.01 and a beta of 0.73. Capri has a 12-month low of $30.52 and a 12-month high of $75.96. The stock has a 50 day simple moving average of $34.85. 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 posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.90 by $0.05. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.37 billion. Capri had a net margin of 7.45% and a return on equity of 30.44%. The business’s revenue was up 11.9% compared to the same quarter last year. During the same period last year, the firm posted $1.32 earnings per share. On average, sell-side analysts anticipate that Capri will post 4.92 EPS for the current fiscal year.
In other news, CEO John D. Idol bought 615,000 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were bought at an average cost of $32.57 per share, with a total value of $20,030,550.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Thomas Jr. Edwards bought 11,600 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The stock was purchased 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 Company Profile
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.
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