Capri Holdings Limited designs, markets, distributes, and retails branded women's and men's apparel, footwear, and accessories in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia. The company's Versace segment offers ready-to-wear, accessories, footwear, eyewear, watches, jewelry, fragrances, and home furnishings through a distribution network, including boutiques; and department and specialty stores, as well as through Versace e-commerce sites. It also licenses Versace brand name and trademarks to third parties to retail and/or wholesale its products; and has licensing agreements to the manufacture and sale of jeans, fragrances, watches, eyewear, and home furnishings. The company was formerly known as Michael Kors Holdings Limited and changed its name to Capri Holdings Limited in December 2018. Capri Holdings Limited was founded in 1981 and is headquartered in London, the United Kingdom.
IPO Year: 2011
Exchange: NYSE
Website: capriholdings.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/20/2024 | $21.00 | Equal Weight | Barclays |
| 11/15/2024 | $26.00 → $23.00 | Market Perform | Telsey Advisory Group |
| 10/25/2024 | $42.00 → $26.00 | Market Perform | Telsey Advisory Group |
| 10/17/2024 | $42.00 | Overweight → Equal Weight | Wells Fargo |
| 9/13/2024 | $41.00 | Buy → Neutral | Citigroup |
| 6/25/2024 | $57.00 → $43.00 | Equal Weight → Overweight | Wells Fargo |
| 6/17/2024 | $41.00 | Neutral → Buy | Citigroup |
| 4/23/2024 | $57.00 → $42.00 | Market Perform | Telsey Advisory Group |
| 7/31/2023 | $47.00 | Overweight → Neutral | JP Morgan |
| 6/13/2023 | $55.00 → $40.00 | Overweight → Equal-Weight | Morgan Stanley |
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Announces Strategic Initiatives to Return to Growth Schedules Conference Call With Investors https://www.capriholdings.com/StrategyPresentation Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today announced the mutual termination of its definitive merger agreement with Tapestry, Inc. Capri and Tapestry mutually agreed that terminating the merger agreement was in the best interests of both companies as the required closing condition of receiving necessary U.S. regulatory approvals was unlikely to be met by the merger agreement's outside date of February 10, 2025. The Company also announced its strategies to return to growth, which management will discuss on a call t
Reaffirms Commitment to Driving Accelerated Organic Growth and Shareholder Value Announces Additional $2 Billion Share Repurchase Authorization, Including a Planned Accelerated Share Repurchase Program Executes Plans to Redeem Acquisition-Related Debt Tapestry, Inc. (NYSE:TPR), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, today announced that it reached an agreement with Capri Holdings Limited (NYSE:CPRI) to terminate the merger agreement between the parties. Capri and Tapestry mutually agreed that terminating the merger agreement at this time is in the best interest of both companies, as the outcome of the legal proces
Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today announced its financial results for the second quarter of Fiscal 2025 ended September 28, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241107559622/en/(Photo: Business Wire) Second Quarter Fiscal 2025 Highlights Revenue decreased 16.4% on a reported basis and 16.4% in constant currency Adjusted operating margin of 3.0% Adjusted earnings per share of $0.65 John D. Idol, the Company's Chairman and Chief Executive Officer, said, "Overall, we were disappointed with our second quarter results as performance continued to be impacted by softening de
Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today reported that, consistent with the requirements of the merger agreement, it intends to jointly file with Tapestry, Inc. a notice of appeal to the U.S. Court of Appeals for the Second Circuit regarding the U.S. District Court for the Southern District of New York's decision to grant the U.S. Federal Trade Commission's motion for a preliminary injunction to block Tapestry, Inc.'s pending acquisition of the Company. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241024593346/en/(Photo: Business Wire) About Capri Holdings Limited Capri Holdings is a global fash
Tapestry, Inc. (NYSE:TPR), a house of iconic accessories and lifestyle brands consisting of Coach, kate spade new york, and Stuart Weitzman, today issued the following statement in response to the ruling made by the U.S. District Court in the Southern District of New York regarding Tapestry's proposed acquisition of Capri Holdings Limited (NYSE:CPRI): "Today's decision granting the FTC's request for a preliminary injunction is disappointing and, we believe, incorrect on the law and the facts. Tapestry and Capri operate in an industry that is intensely competitive and dynamic, constantly expanding, and highly fragmented among both established players and new entrants. We face competitive pr
Capri Holdings Limited (NYSE:CPRI) today announced that it plans to report its second quarter fiscal 2025 financial results on Thursday, November 7, 2024, after the market closes via press release. Given the pending acquisition of Capri Holdings Limited by Tapestry, Inc., the Company does not intend to hold conference calls to review its financial results. About Capri Holdings Limited Capri Holdings is a global fashion luxury group consisting of iconic, founder-led brands Versace, Jimmy Choo and Michael Kors. Our commitment to glamorous style and craftsmanship is at the heart of each of our luxury brands. We have built our reputation on designing exceptional, innovative products that cove
Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today announced its financial results for the first quarter of Fiscal 2025 ended June 29, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240808746293/en/(Photo: Business Wire) First Quarter Fiscal 2025 Highlights Revenue decreased 13.2% on a reported basis and 12.1% in constant currency Adjusted operating margin of 1.5% Adjusted earnings per share of $0.04 John D. Idol, the Company's Chairman and Chief Executive Officer, said, "Overall, we were disappointed with our first quarter results as performance continued to be impacted by softening deman
Capri Holdings Limited (NYSE:CPRI) today announced that it plans to report its first quarter fiscal 2025 financial results on Thursday, August 8, 2024, after the market closes via press release. Given the pending acquisition of Capri Holdings Limited by Tapestry, Inc., the Company does not intend to hold conference calls to review its financial results going forward. About Capri Holdings Limited Capri Holdings is a global fashion luxury group consisting of iconic, founder-led brands Versace, Jimmy Choo and Michael Kors. Our commitment to glamorous style and craftsmanship is at the heart of each of our luxury brands. We have built our reputation on designing exceptional, innovative produ
Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today announced its financial results for the fourth quarter and full year fiscal 2024 ended March 30, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240529961065/en/(Photo: Business Wire) Fourth Quarter Fiscal 2024 Highlights Revenue decreased 8.4% on a reported basis and 7.9% in constant currency Adjusted operating margin of 6.4% Adjusted earnings per share of $0.42 John D. Idol, the Company's Chairman and Chief Executive Officer said, "Overall, we were disappointed with our results as performance in the fourth quarter continued to be impacted
Capri Holdings Limited (NYSE:CPRI) today announced that it plans to report its fourth quarter and fiscal year 2024 financial results on Wednesday, May 29, 2024, after the market closes via press release. Given the pending acquisition of Capri Holdings Limited by Tapestry, Inc., the Company does not intend to hold conference calls to review its financial results going forward. About Capri Holdings Limited Capri Holdings is a global fashion luxury group consisting of iconic, founder-led brands Versace, Jimmy Choo and Michael Kors. Our commitment to glamorous style and craftsmanship is at the heart of each of our luxury brands. We have built our reputation on designing exceptional, innovat
Announces Strategic Initiatives to Return to Growth Schedules Conference Call With Investors https://www.capriholdings.com/StrategyPresentation Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today announced the mutual termination of its definitive merger agreement with Tapestry, Inc. Capri and Tapestry mutually agreed that terminating the merger agreement was in the best interests of both companies as the required closing condition of receiving necessary U.S. regulatory approvals was unlikely to be met by the merger agreement's outside date of February 10, 2025. The Company also announced its strategies to return to growth, which management will discuss on a call t
Reaffirms Commitment to Driving Accelerated Organic Growth and Shareholder Value Announces Additional $2 Billion Share Repurchase Authorization, Including a Planned Accelerated Share Repurchase Program Executes Plans to Redeem Acquisition-Related Debt Tapestry, Inc. (NYSE:TPR), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, today announced that it reached an agreement with Capri Holdings Limited (NYSE:CPRI) to terminate the merger agreement between the parties. Capri and Tapestry mutually agreed that terminating the merger agreement at this time is in the best interest of both companies, as the outcome of the legal proces
Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today announced its financial results for the second quarter of Fiscal 2025 ended September 28, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241107559622/en/(Photo: Business Wire) Second Quarter Fiscal 2025 Highlights Revenue decreased 16.4% on a reported basis and 16.4% in constant currency Adjusted operating margin of 3.0% Adjusted earnings per share of $0.65 John D. Idol, the Company's Chairman and Chief Executive Officer, said, "Overall, we were disappointed with our second quarter results as performance continued to be impacted by softening de
Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today announced its financial results for the first quarter of Fiscal 2025 ended June 29, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240808746293/en/(Photo: Business Wire) First Quarter Fiscal 2025 Highlights Revenue decreased 13.2% on a reported basis and 12.1% in constant currency Adjusted operating margin of 1.5% Adjusted earnings per share of $0.04 John D. Idol, the Company's Chairman and Chief Executive Officer, said, "Overall, we were disappointed with our first quarter results as performance continued to be impacted by softening deman
Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today announced its financial results for the fourth quarter and full year fiscal 2024 ended March 30, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240529961065/en/(Photo: Business Wire) Fourth Quarter Fiscal 2024 Highlights Revenue decreased 8.4% on a reported basis and 7.9% in constant currency Adjusted operating margin of 6.4% Adjusted earnings per share of $0.42 John D. Idol, the Company's Chairman and Chief Executive Officer said, "Overall, we were disappointed with our results as performance in the fourth quarter continued to be impacted
Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today announced its financial results for the third quarter of Fiscal 2024 ended December 30, 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240208378853/en/(Photo: Business Wire) Third Quarter Fiscal 2024 Highlights Revenue decreased 5.6% on a reported basis and 6.6% in constant currency Adjusted operating margin of 12.1% Adjusted earnings per share of $1.20 John D. Idol, the Company's Chairman and Chief Executive Officer, said, "Overall, our performance in the third quarter continued to be impacted by softening demand for fashion luxury goods.
Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today announced its financial results for the second quarter of Fiscal 2024 ended September 30, 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231109706319/en/(Photo: Business Wire) Second Quarter Fiscal 2024 Highlights Revenue decreased 8.6% on a reported basis and 10.1% in constant currency Adjusted operating margin of 12.2% Adjusted earnings per share of $1.13 John D. Idol, the Company's Chairman and Chief Executive Officer, said, "Capri Holdings' second quarter results were below our expectations due to macro-economic headwinds as well as Ec
First Quarter Results Slightly Ahead of Expectations Announced Planned Acquisition of Capri Holdings Limited by Tapestry, Inc. Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today announced its financial results for the first quarter of Fiscal 2024 ended July 1, 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230810662808/en/(Photo: Business Wire) First Quarter Fiscal 2024 Highlights Revenue decreased 9.6% on a reported basis and 9.3% in constant currency Adjusted operating margin of 9.0% Adjusted earnings per share of $0.74 John D. Idol, the Company's Chairman and Chief Executive Officer
Unites Six Distinctive Brands, Expanding Portfolio Reach Across Consumer Segments, Geographies, and Product Categories Combined Company Generated Over $12 Billion in Revenue and Nearly $2 Billion in Adjusted Operating Profit in the Prior Fiscal Year Significant Cost Synergy Opportunity of Over $200 Million on a Run-Rate Basis Acquisition Expected to be Immediately Accretive to Tapestry's EPS on an Adjusted Basis Tapestry Board of Directors Approves an Increase in the Company's Dividend Link to Investor Presentation Tapestry, Inc. (NYSE:TPR), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, and Capri Holdings Limited (
Capri Holdings Limited (NYSE:CPRI) today announced that it is rescheduling its first quarter fiscal 2024 earnings release and conference call that were previously scheduled for Tuesday, August 8, 2023. The Company now plans to report its financial results on Thursday, August 10, 2023, at approximately 6:45 a.m. ET and hold a conference call at 8:30 a.m. ET. Those who wish to participate in the call may do so by dialing (877) 704-4453 or (201) 389-0920 for international callers, conference ID 13736114. A live webcast of the conference call will also be available on the Company's website, www.capriholdings.com. In addition, a replay of the call will be available shortly after the conclusi
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Barclays resumed coverage of Capri Holdings with a rating of Equal Weight and set a new price target of $21.00
Telsey Advisory Group reiterated coverage of Capri Holdings with a rating of Market Perform and set a new price target of $23.00 from $26.00 previously
Telsey Advisory Group reiterated coverage of Capri Holdings with a rating of Market Perform and set a new price target of $26.00 from $42.00 previously
Wells Fargo downgraded Capri Holdings from Overweight to Equal Weight and set a new price target of $42.00
Citigroup downgraded Capri Holdings from Buy to Neutral and set a new price target of $41.00
Wells Fargo upgraded Capri Holdings from Equal Weight to Overweight and set a new price target of $43.00 from $57.00 previously
Citigroup upgraded Capri Holdings from Neutral to Buy and set a new price target of $41.00
Telsey Advisory Group reiterated coverage of Capri Holdings with a rating of Market Perform and set a new price target of $42.00 from $57.00 previously
JP Morgan downgraded Capri Holdings from Overweight to Neutral and set a new price target of $47.00
Morgan Stanley downgraded Capri Holdings from Overweight to Equal-Weight and set a new price target of $40.00 from $55.00 previously
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. JP Morgan cut the price target for Sea Limited (NYSE:SE) from $84 to $78. JP Morgan analyst Ranjan Sharma downgraded the stock from Overweight to Neutral. Sea shares gained 0.6% to close at $75.89 on Monday. See how other analysts view this stock. Morgan Stanley raised the price target for Birkenstock Holding plc (NYSE:BIRK) from $44 to $58. Morgan Stanley analyst Edouard Aubin maintained an Equal-Weight rating. Birkenstock shares fell 2.8% to close at $59.78 on Monday. See how other analysts view
Wells Fargo analyst Ike Boruchow upgrades Capri Holdings (NYSE:CPRI) from Equal-Weight to Overweight and lowers the price target from $57 to $43.
In the last three months, 5 analysts have published ratings on Capri Holdings (NYSE:CPRI), offering a diverse range of perspectives from bullish to bearish. The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 0 4 0 0 Last 30D 1 0 0 0 0 1M Ago 0 0 3 0 0 2M Ago 0 0 1 0 0 3M Ago 0 0 0 0 0 Analysts have set 12-month price targets for Capri Holdings, revealing an average target of $41.0, a high estimate of $42.00, and a low estimate of $38.00. A negative shift in sentiment is evident as analysts have d
Citigroup analyst Paul Lejuez upgrades Capri Holdings (NYSE:CPRI) from Neutral to Buy and lowers the price target from $56 to $41.
During the last three months, 4 analysts shared their evaluations of Capri Holdings (NYSE:CPRI), revealing diverse outlooks from bullish to bearish. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 0 4 0 0 Last 30D 0 0 2 0 0 1M Ago 0 0 1 0 0 2M Ago 0 0 1 0 0 3M Ago 0 0 0 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $41.0, a high estimate of $42.00, and a low estim
Jefferies analyst Ashley Helgans maintains Capri Holdings (NYSE:CPRI) with a Hold and lowers the price target from $57 to $38.
Telsey Advisory Group analyst Dana Telsey maintains Capri Holdings (NYSE:CPRI) with a Market Perform and maintains $42 price target.
Capri Holdings (NYSE:CPRI) reported quarterly earnings of $0.42 per share which missed the analyst consensus estimate of $0.65 by 35.38 percent. The company reported quarterly sales of $1.22 billion which missed the analyst consensus estimate of $1.29 billion by 5.55 percent. This is a 8.39 percent decrease over sales of $1.33 billion the same period last year.
Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today announced that Mr. Mahesh Madhavan will be appointed to the Board of Directors effective March 30, 2023. Mr. Madhavan will join the company's Compensation and Talent Committee as well as the Governance, Nominating and Corporate Social Responsibility Committee. As of the date of Mr. Madhavan's appointment, the Capri Holdings Board will again be comprised of eight directors. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230329005869/en/(Photo: Business Wire) Mr. Madhavan is the Chief Executive Officer of Bacardi Limited, the largest privately held internation
Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today announced that Mr. Cedric Wilmotte will be appointed Chief Executive Officer of the Michael Kors brand effective April 3, 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230123005774/en/(Photo: Business Wire) Mr. Wilmotte recently served as the interim Chief Executive Officer for Versace from January through September 2022 and is currently Versace's Chief Operating Officer. Prior to his time at Versace, Mr. Wilmotte led the Michael Kors EMEA business from its inception in 2008 through 2021. During his tenure as President of Michael Kors EMEA, Mr. Wilmot
Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today announced the appointment of Emmanuel Gintzburger as Chief Executive Officer of Versace effective September 12, 2022. Mr. Gintzburger will report to John D. Idol, Chairman and Chief Executive Officer of Capri Holdings. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220321005121/en/Versace (Photo: Business Wire) Mr. Gintzburger joins Versace from Alexander McQueen, where he served as CEO since May 2016. Prior to joining Alexander McQueen, Mr. Gintzburger was Worldwide Retail and Wholesale Director for Saint Laurent from 2011 to 2016, having joined the Parisia
Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today announced the appointment of Cedric Wilmotte as Interim Chief Executive Officer of Versace, effective January 17, 2021. Mr. Wilmotte will report to John D. Idol, Chairman and Chief Executive Officer of Capri Holdings. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211117005871/en/(Photo: Business Wire) Mr. Wilmotte will serve as the Interim Chief Executive Officer of Versace through December 31, 2022, during which time he will partner closely with Donatella Versace, Chief Creative Officer, and the leadership team to continue executing the brand's clearly-def
Will Become CEO of Capri Holdings in September 2022 John D. Idol Affirms Commitment as Executive Chairman Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today announced that Mr. Joshua Schulman will be appointed Chief Executive Officer of the Michael Kors brand effective today, and will succeed John D. Idol as Chief Executive Officer of Capri Holdings in September 2022 when Mr. Idol will become Executive Chairman. Initially, Mr. Schulman will be responsible for all aspects of the Michael Kors brand globally, reporting directly to John D. Idol, Chairman and Chief Executive Officer of Capri Holdings. Mr. Schulman joins Capri Holdings from Tapestry, Inc. where he was pre
LONDON--(BUSINESS WIRE)--Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today announced the appointment of Alejandro Martinez-Galindo as Chief Information Officer of Capri Holdings, reporting to Thomas Edwards, EVP, Chief Financial Officer and Chief Operating Officer. His start date is March 8, 2021. Mr. Martinez-Galindo is a global technology leader and has held executive roles across several industries including retail, automotive and pharmaceutical. Most recently, Martinez-Galindo was the CIO of Walgreens where he led a comprehensive transformation of the company’s retail digital platform. Earlier in his career, Martinez-Galindo held multiple CIO roles at G