Investors Getting Picky When It Comes To Buying Capri Holdings Ltd (CPRI)

Capri Holdings Ltd (NYSE:CPRI) does about 1.39M shares in volume on a normal day but saw 1534969 shares change hands in Monday’s trading. The company now has a market cap of 4.17B USD. Its current market price is $35.76, marking a decrease of -1.00% compared to the previous close of $36.12. The 52 week high reached by this stock is $54.52 whilst the lowest price level in 52 weeks is $34.17.

Capri Holdings Ltd (CPRI) has a 20-day trading average at $36.41 and the current price is -34.41% off the 52-week high compared with 4.65% distance from its 52-week low. The 50-day simple moving average of the closing price is $41.51 and its 200-day simple moving average is $47.30. If we look at the stock’s price movements over the week, volatility stands at 2.39%, which increases to 2.73% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 32.61 to suggest the stock is neutral.

The consensus objective for the share price is $53.64, suggesting that the stock has a potential upside of 33.33% over the period.

The company shares received a number of brokerage firm price updates over the past month, with the latest being on April 23, 2024 when Telsey Advisory Group reiterated the stock to “Market Perform” and issued a price target of between $57 and $42. JP Morgan downgraded the stock to “Neutral” from Overweight on July 31, 2023 at a price target of $47. Morgan Stanley downgraded its price target at $55-$40.

Capri Holdings Ltd (CPRI) stock is up 0.08% over the week and -9.03% over the past month. Its price is -28.82% year-to-date and -6.22% over the past year.

To reach the target analysts have set, the stock logically needs to grow 33.33 percent from here.

The company has a return on investment of 4.38% and return on equity of 10.06%. The price to earnings ratio (P/E ratio) amounts to 20.04 while the forward price to earnings ratio is 8.29. The beta has a value of 2.02. Price to book ratio is 2.15 and price to sales ratio is 0.79.