A share price of Capri Holdings Ltd [CPRI] is currently trading at $46.70, down -0.30%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CPRI shares have gain 2.01% over the last week, with a monthly amount drifted -1.68%, and not seem to be holding up well over a long-time horizon.
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On 8, February 2024, Capri Holdings Limited Announces Third Quarter Fiscal 2024 Results. In a post published today on Yahoo Finance, Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today announced its financial results for the third quarter of Fiscal 2024 ended December 30, 2023.
From an analyst’s perspective:
Capri Holdings Ltd [NYSE: CPRI] stock has seen the most recent analyst activity on July 31, 2023, when JP Morgan downgraded its rating to a Neutral but kept the price target unchanged to $47 for it. Previously, Morgan Stanley downgraded its rating to Equal-Weight on June 13, 2023, and dropped its price target to $40. On May 02, 2023, downgrade downgraded it’s rating to Equal Weight but maintained its price target of $46 on the stock. Jefferies downgraded its rating to a Hold and decreased its price target to $45 on April 25, 2023. Raymond James upgraded its rating to a Strong Buy but $60 remained the price target by the analyst firm on April 20, 2023. Cowen downgraded its rating to Market Perform for this stock on February 13, 2023, and downed its price target to $55. In a note dated December 20, 2022, Raymond James initiated an Outperform rating and provided a target price of $65 on this stock.
Capri Holdings Ltd experienced fluctuations in its stock price throughout the past year between $34.17 and $54.52. Currently, Wall Street analysts expect the stock to reach $69.5 within the next 12 months. Capri Holdings Ltd [NYSE: CPRI] shares were valued at $46.70 at the most recent close of the market. An investor can expect a potential return of 48.82% based on the average CPRI price forecast.
Analyzing the CPRI fundamentals
Trailing Twelve Months sales for Capri Holdings Ltd [NYSE:CPRI] were 5.28B which represents -5.62% decline. Gross Profit Margin for this corporation currently stands at 0.65% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.11 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.92.
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 46.53 points at the first support level, and at 46.36 for the second support level. However, for the 1st resistance point, the stock is sitting at 46.92, and for the 2nd resistance point, it is at 47.14.
Capri Holdings Ltd [CPRI] reported earnings per share of $1.2 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.71/share, meaning a difference of -$0.51 and a surprise factor of -29.80%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.13 per share as compared to estimates of $1.52 per share, a difference of -$0.39 representing a surprise of -25.70%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Capri Holdings Ltd [NYSE:CPRI] is 1.06. In addition, the Quick Ratio stands at 0.49 and the Cash Ratio stands at 0.14. Considering the valuation of this stock, the price to sales ratio is 1.03, the price to book ratio is 2.81 and price to earnings (TTM) ratio is 26.17.
Transactions by insiders
Recent insider trading involved Edwards Thomas Jr., EVP, CFO & COO, that happened on Mar 17 ’23 when 4900.0 shares were purchased. Chairman & CEO, IDOL JOHN D completed a deal on Mar 16 ’23 to buy 0.24 million shares.
