Equities analysts expect Capri Holdings Ltd (NYSE:CPRI) to post $1.33 billion in sales for the current quarter, Zacks reports. Four analysts have provided estimates for Capri’s earnings, with the lowest sales estimate coming in at $1.32 billion and the highest estimate coming in at $1.33 billion. Capri reported sales of $1.18 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 12.7%. The company is scheduled to report its next quarterly earnings report on Wednesday, May 29th.
According to Zacks, analysts expect that Capri will report full-year sales of $5.22 billion for the current year, with estimates ranging from $5.21 billion to $5.23 billion. For the next financial year, analysts forecast that the company will report sales of $6.12 billion, with estimates ranging from $6.08 billion to $6.17 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that follow Capri.
Capri (NYSE:CPRI) last announced its quarterly earnings data on Wednesday, February 6th. The company reported $1.76 EPS for the quarter, beating analysts’ consensus estimates of $1.57 by $0.19. Capri had a return on equity of 35.44% and a net margin of 11.19%. The company had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the prior year, the firm earned $1.77 EPS. The company’s quarterly revenue was down .1% compared to the same quarter last year.
A number of equities research analysts have recently commented on CPRI shares. Goldman Sachs Group started coverage on Capri in a research report on Friday, January 11th. They set a “neutral” rating and a $45.00 price objective for the company. Canaccord Genuity set a $76.00 price objective on Capri and gave the company a “buy” rating in a research report on Saturday, February 2nd. ValuEngine downgraded Capri from a “hold” rating to a “sell” rating in a research report on Saturday, February 2nd. Wolfe Research reiterated an “outperform” rating and set a $53.00 price objective (down previously from $63.00) on shares of Capri in a research report on Friday, February 1st. Finally, Zacks Investment Research lowered Capri from a “hold” rating to a “sell” rating in a report on Tuesday, January 29th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Capri currently has a consensus rating of “Hold” and a consensus target price of $58.75.
Several institutional investors and hedge funds have recently added to or reduced their stakes in CPRI. Financial Gravity Companies Inc. acquired a new position in shares of Capri in the fourth quarter worth $144,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of Capri in the fourth quarter worth $386,000. QUANTRES ASSET MANAGEMENT Ltd acquired a new position in shares of Capri in the fourth quarter worth $425,000. DNB Asset Management AS acquired a new position in shares of Capri in the fourth quarter worth $618,000. Finally, Nisa Investment Advisors LLC acquired a new position in shares of Capri in the fourth quarter worth $3,845,000. Institutional investors own 86.70% of the company’s stock.
Shares of NYSE:CPRI traded down $1.11 on Wednesday, reaching $46.03. 3,583,567 shares of the company traded hands, compared to its average volume of 2,762,787. Capri has a fifty-two week low of $35.68 and a fifty-two week high of $75.96. The company has a market capitalization of $7.08 billion, a PE ratio of 10.18, a price-to-earnings-growth ratio of 1.54 and a beta of 0.60. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.71 and a current ratio of 2.48.
Capri Company Profile
Capri Holdings Ltd. engages in the design and distribution of sportswear, accessories, footwear and apparel of branded women’s apparel and accessories and men’s apparel. The firm operates its business through three segments: Retail, Wholesale and Licensing. The Retail segment operates collection stores, lifestyle stores, including concessions and outlet stores located primarily in the United States, Canada, Europe and Japan.
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