Analysts Anticipate Capri Holdings Ltd (NYSE:CPRI) Will Post Quarterly Sales of $902.96 Million

Wall Street analysts forecast that Capri Holdings Ltd (NYSE:CPRI) will announce $902.96 million in sales for the current quarter, according to Zacks. Six analysts have issued estimates for Capri’s earnings, with the lowest sales estimate coming in at $865.00 million and the highest estimate coming in at $940.17 million. Capri reported sales of $1.44 billion during the same quarter last year, which would suggest a negative year over year growth rate of 37.3%. The company is scheduled to announce its next quarterly earnings results on Wednesday, November 4th.

According to Zacks, analysts expect that Capri will report full-year sales of $3.69 billion for the current financial year, with estimates ranging from $3.61 billion to $3.77 billion. For the next fiscal year, analysts anticipate that the company will post sales of $4.84 billion, with estimates ranging from $4.55 billion to $5.22 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Capri.

Capri (NYSE:CPRI) last issued its quarterly earnings data on Wednesday, August 5th. The company reported ($1.04) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($1.11) by $0.07. Capri had a positive return on equity of 12.62% and a negative net margin of 9.62%. The company had revenue of $451.00 million during the quarter, compared to the consensus estimate of $429.17 million. During the same period last year, the company earned $0.95 earnings per share. The firm’s revenue was down 66.5% compared to the same quarter last year.

A number of equities analysts have recently issued reports on the company. Deutsche Bank raised their price objective on Capri from $21.00 to $25.00 and gave the stock a “hold” rating in a research report on Thursday, July 2nd. Credit Suisse Group raised their price objective on Capri from $13.00 to $15.00 and gave the stock a “neutral” rating in a research report on Thursday, July 2nd. Wells Fargo & Company reiterated a “hold” rating on shares of Capri in a report on Thursday, September 17th. BNP Paribas began coverage on Capri in a report on Thursday, September 10th. They issued a “neutral” rating and a $20.00 target price for the company. Finally, Barclays reiterated a “hold” rating and issued a $16.00 target price on shares of Capri in a report on Tuesday, August 4th. Thirteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Capri has a consensus rating of “Hold” and an average price target of $21.86.

Shares of CPRI traded down $0.54 during mid-day trading on Monday, reaching $18.92. 4,080,847 shares of the company were exchanged, compared to its average volume of 4,349,707. Capri has a 52 week low of $5.42 and a 52 week high of $39.90. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.34 and a current ratio of 0.94. The stock has a market capitalization of $2.84 billion, a PE ratio of -6.20, a PEG ratio of 12.87 and a beta of 1.90. The business has a 50 day simple moving average of $17.97 and a two-hundred day simple moving average of $15.91.

In other Capri news, SVP Daniel Purefoy sold 2,292 shares of the firm’s stock in a transaction that occurred on Friday, September 11th. The stock was sold at an average price of $20.45, for a total value of $46,871.40. Following the completion of the sale, the senior vice president now owns 614 shares of the company’s stock, valued at $12,556.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.50% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. US Bancorp DE boosted its position in shares of Capri by 657.6% during the first quarter. US Bancorp DE now owns 2,826 shares of the company’s stock valued at $30,000 after buying an additional 2,453 shares during the last quarter. Signaturefd LLC boosted its position in shares of Capri by 493.1% during the second quarter. Signaturefd LLC now owns 2,924 shares of the company’s stock valued at $46,000 after buying an additional 2,431 shares during the last quarter. Bessemer Group Inc. purchased a new position in shares of Capri during the second quarter valued at approximately $46,000. Versant Capital Management Inc purchased a new position in shares of Capri during the second quarter valued at approximately $47,000. Finally, Rockbridge Investment Management LCC purchased a new position in shares of Capri during the second quarter valued at approximately $47,000. 90.90% of the stock is owned by hedge funds and other institutional investors.

About Capri

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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