In the last trading session, 1,050,000,000 shares of the Capri Holdings Limited (NYSE:CPRI) were traded, and its beta was 2.53. Most recently the company’s share price was $50.4, and it changed around $0.2 or 0% from the last close, which brings the market valuation of the company to $7.61 Billion. CPRI currently trades at a discount to its 52-week high of $58.58, offering almost -16.23% off that amount. The share price’s 52-week low was $11.04, which indicates that the current value has risen by an impressive 78.1% since then. We note from Capri Holdings Limited’s average daily trading volume that its 10-day average is 1.95 Million shares, with the 3-month average coming to 2.43 Million.
Capri Holdings Limited stock received a consensus recommendation rating of Overweight, based on a mean score of 2.3. If we narrow it down even further, the data shows that none out of 25 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 12 recommended CPRI as a Hold, whereas 12 deemed it a Buy, and no one rated it as Underweight. Capri Holdings Limited is expected to report earnings per share of -$0.01 for the current quarter.
Capri Holdings Limited (NYSE:CPRI): Trading Information
Instantly CPRI has showed a green trend with a performance of 0.4% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $51.51 on Tuesday, Apr 06 increased the stock’s daily price by 2.15%. The company’s shares are currently up 0.2% year-to-date, but still up 0.0653 over the last five days. On the other hand, Capri Holdings Limited (NYSE:CPRI) is 0.06% up in the 30-day period. We can see from the shorts that 5.65 Million shares have been sold at a short interest cover period of 2.33 day (s).
The consensus price target as assigned by Wall Street analysts is $53.81, which translates to bears needing to increase their stock price by 6.77% from its current value. Analyst projections state that CPRI is forecast to be at a low of $40 and a high of $72. In order for the stock price to hit the forecast high, the stock would need to surge +42.86% from its current level, while the stock would need to crash -20.63% from its current level to reach the projected low.
Capri Holdings Limited (CPRI) projections and forecasts
Capri Holdings Limited share prices are not performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +173.02 percent over the past six months and at a -61.44% annual growth rate that is well below the industry average of 5.6%. However, despite this, analysts have decided to cut back on their fiscal year 2021 revenue estimates. The rating firms predict that it will lose -109.1% in revenue this quarter, and will report an increase of 146.2% in the next quarter. The year-over-year growth rate is expected to be -30.1%, down from the previous year.
Consensus estimates provided by 19 financial analysts predict the company will bring in an average of $1.02 Billion in revenue for the current quarter. 11 analysts expect Capri Holdings Limited to make $990.23 Million in revenue for the quarter ending June 01, 2021. The company’s sales for the same quarters a year ago were $1.19 Billion and $427.31 Million respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -14.8%. Forecasts for the next quarter put sales growth at 131.7%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -18.6%. Capri Holdings Limited earnings are expected to decrease by -141.3% in 2021, but the outlook is positive 3.95% per year for the next five years.
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Capri Holdings Limited (NYSE:CPRI)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 2.15% of Capri Holdings Limited shares, and 97.41% of them are in the hands of institutional investors. The stock currently has a share float of 99.55%. Capri Holdings Limited stock is held by 496 institutions, with FMR, LLC being the largest institutional investor. By Dec 30, 2020, it held 14.96% of the shares, which is about 22.6 Million shares worth $949.02 Million.
Blackrock Inc., with 12.88% or 19.46 Million shares worth $817.39 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Vanguard International Value Fund and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Oct 30, 2020. The former held 4861508 shares worth $103.16 Million, making up 3.22% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 4.26 Million shares worth around $178.88 Million, which represents about 2.82% of the total shares outstanding.