Oppenheimer Reaffirms Their Hold Rating on Capri Holdings (CPRI)

Oppenheimer analyst Brian Nagel maintained a Hold rating on Capri Holdings (CPRI) today. The company’s shares closed last Tuesday at $16.31.

According to TipRanks.com, Nagel is a top 100 analyst with an average return of 15.1% and a 69.5% success rate. Nagel covers the Consumer Goods sector, focusing on stocks such as Dick’s Sporting Goods, Lululemon Athletica, and The Lovesac Company.

Currently, the analyst consensus on Capri Holdings is a Hold with an average price target of $16.78, an 8.3% upside from current levels. In a report issued on May 18, Piper Sandler also downgraded the stock to Hold with a $16.00 price target.

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Based on Capri Holdings’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.57 billion and net profit of $210 million. In comparison, last year the company earned revenue of $1.44 billion and had a net profit of $200 million.

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Capri Holdings Ltd. engages in the design and distribution of sportswear, accessories, footwear and apparel of branded women’s apparel and accessories and men’s apparel. It operates through the following segments: Versace, Jimmy Choo and Michael Kors. The Versace segment sells Versace luxury ready-to-wear, accessories, footwear and home furnishings through directly operated Versace boutiques. The Jimmy Choo segment sells Jimmy Choo luxury goods to end clients through directly operated Jimmy Choo stores. The Michael Kors segment sells Michael Kors products through four primary Michael Kors retail store formats: Collection, Lifestyle, outlet stores and e-commerce. The company was founded by Michael David Kors on December 13, 2002 and is headquartered in London, the United Kingdom.

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