Analysts Expect Capri Holdings Ltd (NYSE:CPRI) Will Post Quarterly Sales of $1.18 Billion

Brokerages expect Capri Holdings Ltd (NYSE:CPRI) to post $1.18 billion in sales for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Capri’s earnings. The highest sales estimate is $1.29 billion and the lowest is $1.07 billion. Capri reported sales of $1.34 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 11.9%. The firm is scheduled to announce its next earnings results before the market opens on Wednesday, July 1st.

On average, analysts expect that Capri will report full year sales of $5.53 billion for the current year, with estimates ranging from $5.43 billion to $5.65 billion. For the next year, analysts expect that the firm will report sales of $4.88 billion, with estimates ranging from $4.17 billion to $5.94 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Capri.

CPRI has been the subject of a number of recent research reports. MKM Partners cut their price target on Capri from $35.00 to $15.00 in a research note on Monday. Citigroup cut their price objective on Capri from $26.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. ValuEngine upgraded Capri from a “strong sell” rating to a “sell” rating in a research note on Wednesday, March 25th. Morgan Stanley cut their price objective on Capri from $33.00 to $15.00 and set an “equal weight” rating for the company in a research note on Tuesday, May 12th. Finally, Telsey Advisory Group reiterated a “market perform” rating on shares of Capri in a research note on Thursday. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $32.31.

A number of large investors have recently bought and sold shares of CPRI. US Bancorp DE grew its stake in shares of Capri by 657.6% in 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 in the last quarter. Arden Trust Co acquired a new stake in shares of Capri in the first quarter valued at $35,000. Advisor Group Holdings Inc. acquired a new stake in shares of Capri in the first quarter valued at $67,000. Atlas Capital Advisors LLC acquired a new stake in shares of Capri in the first quarter valued at $68,000. Finally, Marshall Wace LLP acquired a new stake in shares of Capri in the first quarter valued at $69,000. Institutional investors own 92.34% of the company’s stock.

Shares of Capri stock traded up $1.29 during trading hours on Monday, reaching $15.66. 3,748,415 shares of the stock traded hands, compared to its average volume of 4,734,877. The company has a 50 day moving average price of $16.81 and a 200 day moving average price of $14.11. The firm has a market capitalization of $2.15 billion, a price-to-earnings ratio of 6.30, a P/E/G ratio of 1.29 and a beta of 1.88. Capri has a one year low of $5.42 and a one year high of $39.90. The company has a quick ratio of 0.36, a current ratio of 0.77 and a debt-to-equity ratio of 1.09.

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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