Capri (NYSE:CPRI) Updates FY20 Earnings Guidance

Capri (NYSE:CPRI) updated its FY20 earnings guidance on Wednesday. The company provided earnings per share guidance of $4.95 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.91. The company issued revenue guidance of ~$5.8 billion, compared to the consensus revenue estimate of $6.01 billion.Capri also updated its FY 2020 guidance to $4.95-4.95 EPS.

Several research firms have issued reports on CPRI. UBS Group decreased their price objective on shares of Capri from $75.00 to $73.00 and set a buy rating on the stock in a report on Tuesday, April 30th. Argus began coverage on shares of Capri in a report on Wednesday, June 12th. They set a hold rating on the stock. ValuEngine downgraded shares of Capri from a sell rating to a strong sell rating in a report on Wednesday, April 24th. Canaccord Genuity reaffirmed a buy rating and set a $67.00 price objective (down from $76.00) on shares of Capri in a report on Thursday, May 30th. They noted that the move was a valuation call. Finally, MKM Partners decreased their price objective on shares of Capri to $40.00 and set a neutral rating on the stock in a report on Wednesday, June 5th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of Hold and a consensus target price of $50.50.

Shares of NYSE:CPRI traded down $1.69 during midday trading on Friday, hitting $31.00. The company’s stock had a trading volume of 5,970,891 shares, compared to its average volume of 2,726,889. The business’s 50 day moving average is $34.85. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.50 and a current ratio of 1.02. The stock has a market cap of $4.91 billion, a P/E ratio of 6.24, a P/E/G 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.

Capri (NYSE:CPRI) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.95 earnings per share for the quarter, topping the Thomson Reuters’ 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 company’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period last year, the firm posted $1.32 earnings per share. Sell-side analysts forecast that Capri will post 4.92 EPS for the current year.

In other Capri news, CEO John D. Idol purchased 615,000 shares of the firm’s stock in a transaction dated Monday, June 3rd. The shares were purchased at an average cost of $32.57 per share, with a total value of $20,030,550.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Thomas Jr. Edwards purchased 11,600 shares of the firm’s stock in a transaction dated Tuesday, June 4th. The stock was acquired 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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Earnings History and Estimates for Capri (NYSE:CPRI)

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