Capri Holdings is facing a challenging period as it reported disappointing third-quarter fiscal 2025 results, with revenue declining 11.6% year-over-year to $1.3 billion. The company's major brands, including Michael Kors, Versace, and Jimmy Choo, all experienced significant revenue drops, with Michael Kors seeing a 12% decline, Versace falling 15%, and Jimmy Choo down 4%. The company attributed a net loss
Capri Holdings (CPRI) is rated "Buy" by Citi, with a target price of $29, based on a DCF analysis using a 14% discount rate and a ~5x terminal EBITDA multiple. Despite anticipated weak Q3 results, with sales expected to decline by 11% and EPS projected at $0.67, Citi believes the stock is undervalued, priced as if "nothing can go right (ever)." The report highlights potential catalysts for stock appreciatio
Capri Holdings, the parent company of luxury brands Michael Kors and Versace, saw its shares rise following bullish upgrades from Citi and Wells Fargo. Both financial institutions have turned optimistic on Capri Holdings, citing an undervalued stock with a favorable risk/reward profile. Citi analysts highlighted the potential upside if brand performance improves post a blocked merger, while Wells Fargo poin
Citi has upgraded Capri Holdings (CPRI) from Neutral to Buy, citing a favorable risk/reward scenario despite recent struggles. The report highlights that the market is undervaluing CPRI's brand portfolio, which includes Michael Kors, Versace, and Jimmy Choo, as if they are on a path to extinction. Citi sees potential for stock appreciation through two main avenues: stabilization of brand performance as mana
Capri Holdings is reportedly exploring the sale of its Versace and Jimmy Choo brands, following the collapse of an $8.5 billion acquisition deal with Tapestry Inc. The fashion company is said to be working with Barclays to find potential buyers, although it remains unclear whether the brands will be sold together or separately. This strategic move comes after the U.S. Federal Trade Commission blocked the me
Capri Holdings Limited's stock is experiencing a notable uptick in pre-market trading, driven by positive developments from J.P. Morgan. The brokerage firm has raised its price target for Capri from $15 to $19, citing a "gradual improvement" in the company's brand performance. J.P. Morgan anticipates a sequential recovery in the Michael Kors brand during the third and fourth quarters of 2025, fueled by dire
Capri Holdings Limited (CPRI) has seen a notable price movement today, but no specific news has been reported to explain the stock's activity. Investors and traders are left to speculate on the reasons behind the fluctuations, with some turning to technical analysis and trading signals for guidance. On Reddit, discussions around CPRI have been focused on trading strategies and potential buy signals. One us
Capri Holdings Limited (CPRI) saw its stock price decline by 4.48% on December 5, 2024, closing at $21.98, down from the previous day's close of $23.01. The stock opened at its highest point of the day, $23.01, but quickly fell to an intraday low of $21.81. The trading volume was 3,045,489 shares, which is 66.38% of the average daily volume. The primary driver of this decline was the termination of the merg
Capri Holdings Limited (CPRI) stock is experiencing a decline today, primarily due to the recent termination of its merger agreement with Tapestry, Inc. The decision to halt the merger was mutually agreed upon by both companies, as they faced uncertain legal outcomes and an unlikely resolution by the February 10, 2025 deadline. This development has likely contributed to investor uncertainty, impacting Capri
Capri Holdings Limited (CPRI) shares are experiencing a decline today amid regulatory scrutiny surrounding its proposed acquisition by Tapestry, Inc. The Federal Trade Commission (FTC) has issued a statement on December 5, 2024, indicating ongoing investigations into the merger between Tapestry and Capri Holdings. This regulatory attention has raised concerns among investors about potential delays or compli
Capri Holdings Limited (CPRI) saw its stock price decline by 2.22% on December 3, 2024, closing at $22.86. The stock opened at $23.30 and reached a high of $23.44 before dipping to a low of $22.51 during the trading session. The trading volume was notably low at 2,246,861 shares, about 49.39% of the average daily volume. The downward pressure on Capri's stock can be attributed to a significant reduction in
Capri Holdings Limited (CPRI) is experiencing a decline in its stock price today, which may be attributed to a significant reduction in institutional ownership. Charles Schwab Investment Management Inc. has notably decreased its holdings in Capri by 23.3% during the third quarter, as revealed in a recent SEC filing. This reduction involved the sale of 282,838 shares, leaving Schwab with 930,413 shares, repr
Capri Holdings Limited (NYSE: CPRI) shares saw a modest after-hours increase of 1.07%, reaching $23.63, following the announcement of a leadership reorganization at its Michael Kors brand. The company disclosed in an SEC 8-K filing dated November 26, 2024, that Cedric Wilmotte, CEO of Michael Kors, has departed, effective immediately. John D. Idol, Chairman and CEO of Capri Holdings, will assume the role of
Capri Holdings Limited (CPRI) saw a significant rise in its stock price on November 26, 2024, closing at $22.84, up 6.04% from the previous close of $21.54. The stock opened at $22.21 and reached a high of $23.11 during the trading session, with a notable volume of 7,205,049 shares, significantly above its average. The surge was primarily driven by Guggenheim's upgrade of Capri Holdings from "neutral" to "b
Capri Holdings (CPRI) shares have risen 2.18% to $22.01 as of 8:40 am on November 26th, following an upgrade from Guggenheim, which shifted its rating from "neutral" to "buy." The investment firm set a price target of $30.00, indicating a potential upside of 39.41% from the previous close of $21.54. Guggenheim's analysts highlighted the potential for a "significant earnings recovery story" as a key factor i
Capri Holdings Limited (CPRI) saw a significant price increase on November 25, 2024, closing at $21.54, up 5.18% from the previous close of $20.48. The stock opened at $21.01 and reached a high of $22.04 during the trading session, with a notable volume of 7,051,762 shares, which is 169.20% of its average daily volume. The surge in Capri's stock price was primarily driven by the announcement that Capri and
Capri Holdings Limited (CPRI) shares are up 5.51% to $21.61 as of 10:30 am on Monday, compared to its previous close of $20.48 on November 22nd. The stock's rise comes after the announcement that Capri and Tapestry have mutually agreed to terminate their $8.5 billion merger agreement due to legal uncertainties. This decision has led to a reassessment of Capri's standalone prospects, with analysts downgradin
Capri Holdings Limited (CPRI) shares are up 3.13% to $21.12 as of 9:49 am on Monday, compared to its previous close of $20.48 on November 22nd. The stock's rise comes amid recent investment activity, with Senvest Management LLC purchasing a new stake in the company during the third quarter, acquiring 155,751 shares valued at approximately $6.61 million. This investment may have bolstered investor confidence
Capri Holdings Limited (CPRI) saw its stock rise by 3.96% to close at $20.48 on November 22, 2024, up from the previous day's close of $19.70. The stock opened at its previous close and reached an intraday high of $20.56, with trading volume at 2,664,372 shares, which is 64.30% of its average daily volume. The positive movement in Capri's stock price is attributed to the company's strategic shift in pricing
Capri Holdings Limited (CPRI) shares are up 3.27% to $20.34 as of 2:00 pm on Friday, compared to its previous close of $19.70 on November 21st. The stock's rise comes amid a broader discussion in the luxury sector about pricing strategies, as highlighted in recent industry analyses. Capri Holdings, which owns brands like Michael Kors, has been adjusting its pricing strategy in response to a slowdown in dema