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CPRI

Capri Holdings

$33.92

-0.6 (-1.74%)

08:27
06/12/19
06/12
08:27
06/12/19
08:27

Capri Holdings initiated with a Hold at Argus

Argus analyst Stephen Biggar initiated Capri Holdings at Hold, saying that while it has a "strong reputation" in the fashion industry with the "iconic" Michael Kors, Jimmy Choo, and Versace luxury brands, the integration of the last two is challenging and the company's earnings growth looks "sluggish". The analyst notes that the brands come with an "extensive presence in social media with millions of Instagram followers", yet the stock has fallen nearly 50% over the past year on constrained earnings from the marketing investment associated with the acquisitions and the company's international expansion. Biggar adds that while the current valuation for Capri Holdings at 7.1-times his expected FY20 earnings is near the low end of its historical range, he believes the multiple "adequately reflects the company's near-term prospects."

CPRI Capri Holdings
$33.92

-0.6 (-1.74%)

05/30/19
NEED
05/30/19
NO CHANGE
Target $54
NEED
Buy
Capri Holdings price target lowered to $54 from $61 at Needham
Needham analyst Rick Patel lowered his price target on Capri Holdings to $54 after its in-line Q4 results, below-consensus Q1 guidance, and maintained FY20 outlook. The analyst notes that the near-10% pullback in Capri Holdings' stock price was also driven by the low-single-digit Q1 comps growth outlook for the company's Michael Kors brand and weaker expected gross margins. Patel maintains his Buy rating on Capri Holdings longer term, saying its FY20 sales growth will be supported by the new Jimmy Choo and Versace stores as well as its positive comp momentum and the introduction of accessories merchandise.
06/05/19
NOMU
06/05/19
NO CHANGE
Target $60
NOMU
Buy
Capri Holdings price target lowered to $60 from $76 at Nomura Instinet
Nomura Instinet analyst Simeon Siegel lowered his price target for Capri Holdings to $60 from $76 while reiterating a Buy rating on the shares. The company is building a portfolio of brands "but trades like a collection of distressed assets," Siegel tells investors in a post-analyst day research note. At current share levels he sees downside protection and upside potential."
06/05/19
JEFF
06/05/19
NO CHANGE
Target $75
JEFF
Buy
Jefferies urges investors to 'aggressively buy' Capri Holdings shares
Jefferies analyst Randal Konik, following the company's investor day, urges investors to "aggressively buy" shares of Capri Holdings. The investor day demonstrated the power of Capri's "high-margin, global brands," Konik tells investors in a research note. He believes management's financial targets are "achievable and beatable" and keeps a Buy rating on the shares with a $75 price target.
06/05/19
MKMP
06/05/19
NO CHANGE
Target $40
MKMP
Neutral
Capri Holdings price target lowered to $40 from $52 at MKM Partners
MKM Partners analyst Roxanne Meyer lowered her price target on Capri Holdings to $40 and kept her Neutral rating, saying the "tough wholesale environment, ongoing weakness in watches, and lack of stability in accessories" could make sales and margins at Michael Kors more difficult. The analyst also notes that the company's June 4th investor day that included showroom tours of Jimmy Choo and Michael Kors gave her better appreciation of the management's strategies to grow sales and margins by brand over the next few years and longer-term.

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