That’s why I Feel Comfortable With Capri Holdings Ltd’s (CPRI) Future

At the time of writing, Capri Holdings Ltd [CPRI] stock is trading at $22.00, up 7.21%. 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 13.05% over the last week, with a monthly amount drifted -48.38%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Capri Holdings Ltd [NYSE: CPRI] stock has seen the most recent analyst activity on October 25, 2024, when Telsey Advisory Group reiterated its Market Perform rating and also revised its price target to $26 from $42. Previously, Wells Fargo downgraded its rating to Equal Weight on October 17, 2024, and kept the price target unchanged to $42. On September 13, 2024, downgrade downgraded it’s rating to Neutral but maintained its price target of $41 on the stock. Wells Fargo upgraded its rating to a Overweight and decreased its price target to $43 on June 25, 2024. Citigroup upgraded its rating to a Buy but $41 remained the price target by the analyst firm on June 17, 2024. Telsey Advisory Group reiterated a Market Perform rating for this stock on April 23, 2024, and downed its price target to $42. In a note dated July 31, 2023, JP Morgan downgraded an Neutral rating on this stock but restated the target price of $47.

For the past year, the stock price of Capri Holdings Ltd fluctuated between $18.75 and $51.23. Currently, Wall Street analysts expect the stock to reach $63.63 within the next 12 months. Capri Holdings Ltd [NYSE: CPRI] shares were valued at $22.00 at the most recent close of the market. An investor can expect a potential return of 189.23% based on the average CPRI price forecast.

Analyzing the CPRI fundamentals

According to Capri Holdings Ltd [NYSE:CPRI], the company’s sales were 5.01B for trailing twelve months, which represents an -13.18% plunge. Gross Profit Margin for this corporation currently stands at 0.62% with Operating Profit Margin at 0.05%, Pretax Profit Margin comes in at -0.07%, and Net Profit Margin reading is -0.06%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.17 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.33.

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 21.33 points at the first support level, and at 20.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.38, and for the 2nd resistance point, it is at 22.77.

Ratios To Look Out For

It is important to note that Capri Holdings Ltd [NYSE:CPRI] has a current ratio of 0.95. Further, the Quick Ratio stands at 0.41, while the Cash Ratio is 0.13. Considering the valuation of this stock, the price to sales ratio is 0.52, the price to book ratio is 1.64.

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