How did Capri Holdings Limited (CPRI) surprise investors with its report?

A share price of Capri Holdings Limited [CPRI] is currently trading at $58.29, down -1.34%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CPRI shares have gain 7.78% over the last week, with a monthly amount glided 30.93%, and seem to be holding up well over a long-time horizon.

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On 29, November 2022, Capri Holdings Limited Announces Participation in the Morgan Stanley Global Consumer and Retail Conference. In a post published today on Yahoo Finance, Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today announced that John D. Idol, Chairman and Chief Executive Officer, and Thomas J. Edwards, Executive Vice President, Chief Financial Officer and Chief Operating Officer, will be participating in a fireside chat at the Morgan Stanley Global Consumer and Retail Conference, held at the InterContinental New York Barclay Hotel in New York City, on Tuesday, December 6, 2022, at 11:00 AM Eastern Time.

From an analyst’s perspective:

Capri Holdings Limited [NYSE: CPRI] stock has seen the most recent analyst activity on March 15, 2022, when Bernstein initiated its Mkt Perform rating and assigned the stock a price target of $55. Previously, MKM Partners reaffirmed its Buy rating on February 03, 2022, and elevated its price target to $93. On February 03, 2022, Credit Suisse reiterated its Neutral rating and revised its price target to $74 on the stock. BTIG Research reiterated its Buy rating and increased its price target to $99 on February 03, 2022. BofA Securities reiterated its recommendation of a Neutral and raised its price target to $75 on February 03, 2022. MKM Partners reiterated a Buy rating for this stock on January 28, 2022, but kept the price target unchanged to $85. In a note dated December 14, 2021, Goldman upgraded an Buy rating on this stock and boosted its target price from $82 to $86.

Capri Holdings Limited experienced fluctuations in its stock price throughout the past year between $36.90 and $72.37. Currently, Wall Street analysts expect the stock to reach $63.34 within the next 12 months. Capri Holdings Limited [NYSE: CPRI] shares were valued at $58.29 at the most recent close of the market. An investor can expect a potential return of 8.66% based on the average CPRI price forecast.

Analyzing the CPRI fundamentals

During the last quarter, Capri Holdings Limited [NYSE:CPRI] saw sales of 1.41 billion, an improvement of 8.60%. Gross Margin for this corporation currently stands at +62.86% with Operating Margin at +17.51%, Pretax Margin comes in at +16.18%, and Net Margin reading is +14.54%.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 57.40 points at the first support level, and at 56.51 for the second support level. However, for the 1st resistance point, the stock is sitting at 58.86, and for the 2nd resistance point, it is at 59.43.

Capri Holdings Limited [CPRI] reported earnings per share of $1.5 for its fiscal quarter that ended on 6/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.36/share, meaning a difference of $0.14 and a surprise factor of 10.30%. By comparison, the stated earnings for the previous quarter ended on 3/30/2022 were $1.02 per share as compared to estimates of $0.82 per share, a difference of $0.2 representing a surprise of 24.40%.

Ratios To Look Out For

A current ratio of 1.60 is a noteworthy aspect of Capri Holdings Limited [NYSE:CPRI]. Further, the Quick Ratio stands at 0.51, while the Cash Ratio is 0.11. Considering the valuation of this stock, the price to sales ratio is 1.38, the price to book ratio is 2.85 and the P/E (TTM) ratio is 10.79.

Transactions by insiders

Recent insider trading involved Gibbons Judy, Director, that happened on Aug 29 when 4920.0 shares were sold. Chairman & CEO, IDOL JOHN D completed a deal on Jun 03 to sell 3803.0 shares. Meanwhile, SVP, Global Ops & Head of D&I Purefoy Daniel sold 1950.0 shares on Mar 10.