Does Capri Holdings Ltd (NYSE: CPRI) Still Need To Convince Analysts?

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Capri Holdings Ltd (NYSE:CPRI) traded at $20.10 at close of the session on Friday, November 01 and made an upward move of 1.82% on its previous day’s price.

Looking at the stock we see that its previous close was $19.74 and the beta (5Y monthly) reads 1.973 with the day’s price range being $19.2 – $20.17. In terms of its 52-week price range, CPRI has a high of $51.23 and a low of $18.75. The company’s stock has lost about -52.11% over that past 30 days.

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Capri Holdings Ltd has a market cap of $2.41 billion and is expected to release its quarterly earnings report in December. Estimates by analysts give the company expected earnings per share (EPS) of 0.75, with the EPS growth for the year raised at 2.2 for current year and 2.2 for next year.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 1.18B, with a low of 1.14B and a high of 1.23B. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 4.76B, or -7.90% down from figures reported last year.

On the other hand, looking at the outlook for the CPRI stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of Hold.

Based on estimates by 11 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 3 have rated the Capri Holdings Ltd (CPRI) stock as a Hold, while 8 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is -44.01% off its SMA20 and -46.13% from its 50-day simple moving average. The RSI (14) is pointing at 12.68 while the volatility over the past week is 5.06% and jumps to 2.80% over the past one month. The beta value is 2.05, while the average true range (ATR) is currently pointing at 1.87. The average price target for the stock over the next 12 months is $65, with the estimates having a low of $38 and a high of $99. These price ends are -89.05% and -392.54% off the current price level respectively, although investors could be excited at the prospect of a -223.38% if the CPRI share price touches on the median price of $65.

Coming back to Capri Holdings Ltd (NYSE:CPRI), we note that the average 3-month trading volume was 3.08 million, while that of the preceding 10-day period stands at 11.75 million. Current shares outstanding are 116.63 million.

The insiders hold 2.28% of the company’s shares while institutions hold 83.60%. The data shows that short shares as of 2024-10-15, stood at 8.49 million at a short ratio of 5.4. This represents a 738.00 short interest in shares outstanding on 2024-10-15. Shares short rose in October from the previous month at 7.69 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -59.99% down in year-to-date price movement.

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