During the recent session, Capri Holdings Ltd (NYSE:CPRI)’s traded shares were 1.73 million, with the beta value of the company hitting 1.99. At the last check today, the stock’s price was $19.08, reflecting an intraday loss of -1.95% or -$0.38. The 52-week high for the CPRI share is $51.26, that puts it down -168.66 from that peak though still a striking -1.0% loss since the share price plummeted to a 52-week low of $19.27. The company’s market capitalization is $2.25B, and the average intraday trading volume over the past 10 days was 10.81 million shares, and the average trade volume was 2.99 million shares over the past three months.
Capri Holdings Ltd (CPRI) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.75. CPRI has a Sell rating from 0 analyst(s) out of 11 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 8 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.75.
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Capri Holdings Ltd (NYSE:CPRI) trade information
Capri Holdings Ltd (CPRI) registered a -1.95% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.95% in intraday trading to $19.08, hitting a weekly high. The stock’s 5-day price performance is -54.13%, and it has moved by -54.77% in 30 days. Based on these gigs, the overall price performance for the year is -62.72%. The short interest in Capri Holdings Ltd (NYSE:CPRI) is 8.49 million shares and it means that shorts have 5.4 day(s) to cover.
The consensus price target of analysts on Wall Street is $65, which implies an increase of 70.65% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $38 and $99 respectively. As a result, CPRI is trading at a discount of -418.87% off the target high and -99.16% off the low.
Capri Holdings Ltd (CPRI) estimates and forecasts
Statistics show that Capri Holdings Ltd has underperformed its competitors in share price, compared to the industry in which it operates. Capri Holdings Ltd (CPRI) shares have gone down -45.64% during the last six months, with a year-to-date growth rate less than the industry average at -41.43% against 11.90. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -33.60% this quarter and then drop -16.70% in the quarter after that. In the rating firms’ projections, revenue will decrease -7.90% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 1.18B as predicted by 12 analyst(s). Meanwhile, a consensus of 12 analyst(s) estimates revenue growth to 1.34B by the end of current fiscal year.
While earnings are projected to return -37.03% in 2024, the next five years will return 3.00% per annum.
CPRI Dividends
Capri Holdings Ltd is due to release its next quarterly earnings on 2024-Nov-07. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Capri Holdings Ltd (NYSE:CPRI)’s Major holders
Capri Holdings Ltd insiders own 2.28% of total outstanding shares while institutional holders control 85.63%, with the float percentage being 87.63%. VANGUARD GROUP INC is the largest shareholder of the company, while 493.0 institutions own stock in it. As of 2024-06-30, the company held over 11.53 million shares (or 9.8556% of all shares), a total value of $381.49 million in shares.
The next largest institutional holding, with 10.0 million shares, is of BLACKROCK INC.’s that is approximately 8.5452% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $330.77 million.
