Post a Free Blog

Submit A Press Release

At CWEB, we are always looking to expand our network of strategic investors and partners. If you're interested in exploring investment opportunities or discussing potential partnerships and serious inquiries. Contact: jacque@cweb.com

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBusinessCapri Holdings Limited (CPRI) Sees Price Target Increase by Telsey Advisory

Capri Holdings Limited (CPRI) Sees Price Target Increase by Telsey Advisory

Add to Favorite
Added to Favorite


Dana Telsey of Telsey Advisory Group has raised the price target for NYSE:CPRI to $20, indicating an 8.05% potential upside.
Despite a significant fourth-quarter adjusted loss, Capri Holdings’ sales exceeded expectations, reaching $1.035 billion.
The company is undergoing strategic changes, including the sale of Versace to Prada for $1.375 billion, aiming to reshape its future direction.

Capri Holdings Limited, trading as CPRI on the NYSE, is a renowned global fashion luxury group. The company, which owns iconic brands such as Michael Kors, Versace, and Jimmy Choo, has recently been the subject of a price target update by Dana Telsey from Telsey Advisory. Telsey has set a price target of $20 for CPRI, suggesting an 8.05% potential increase from its current trading price of $18.51.

Telsey Advisory Group’s Dana Telsey has maintained a Market Perform rating on CPRI, while raising the price target from $17 to $20. This adjustment follows Capri Holdings’ report of a fourth-quarter adjusted loss of $4.90 per share, significantly below the anticipated 14-cent loss. Despite this, the company’s quarterly sales reached $1.035 billion, surpassing the analyst consensus estimate of $986.57 million.

The company’s sales, although better than expected, still represented a 15.4% decline year over year. On a constant currency basis, total revenue decreased by 14.1%. This mixed result was marked by a smaller-than-expected decline in sales but a more substantial drop in gross margins, highlighting challenges in maintaining profitability.

Capri Holdings has been active in reshaping its strategy. Since the third quarter of FY25, the company announced long-term brand-specific targets during its Investor Day, the departure of longtime CFO/COO Tom Edwards, and the sale of Versace to Prada for $1.375 billion. These moves are seen as pivotal for the company’s future direction.

Currently, CPRI is trading at $18.51, with a 2.61% increase today, translating to a $0.47 rise. The stock has fluctuated between $18.07 and $19.03 during the trading day. Over the past year, CPRI has seen a high of $43.34 and a low of $11.86, with a market capitalization of approximately $2.18 billion and a trading volume of 3,777,786 shares.

Subscribe to get Latest News Updates

Latest News

You may like more
more

American Eagle’s Weak Q1 Prompts Pullback on Outlook

American Eagle Outfitters (NYSE:AEO) faced a rocky start to...

Dell Boosts Full-Year Outlook Despite Earnings Miss, AI Orders Shine

Dell Technologies (NYSE:DELL) delivered an optimistic outlook for fiscal...

Elastic Shares Tumble 10 percent on Tepid Fiscal 2026 Outlook Despite Strong Q4

Elastic N.V. (NYSE:ESTC) delivered a strong finish to its...