Capri Holdings Limited (NYSE:CPRI) Analyst Update and Financial Performance

• Telsey Advisory updated its rating for NYSE:CPRI to "Market Perform" with a price target increase from $17 to $20.
• Despite a fourth-quarter adjusted loss of $4.90 per share, quarterly sales reached $1.035 billion, surpassing analyst estimates.
• Significant announcements include setting long-term brand-specific targets, the departure of CFO/COO Tom Edwards, and the sale of Versace to Prada for $1.375 billion.

Capri Holdings Limited (NYSE:CPRI) is a global fashion luxury group that owns iconic brands like Michael Kors, Versace, and Jimmy Choo. The company operates in the highly competitive luxury fashion industry, where it competes with other major players such as LVMH and Kering. On May 29, 2025, Telsey Advisory updated its rating for CPRI to "Market Perform," advising investors to hold the stock. At that time, the stock was priced at $18.51.

Telsey Advisory Group analyst Dana Telsey maintained a "Market Perform" rating for CPRI, while increasing the price target from $17 to $20. This suggests a cautious optimism about the stock's future performance. Despite a fourth-quarter adjusted loss of $4.90 per share, which was significantly below the expected 14-cent loss, the company's quarterly sales reached $1.035 billion. This figure surpassed the analyst consensus estimate of $986.57 million, although it still represented a 15.4% decline year over year.

The mixed results for Capri Holdings highlight a smaller-than-expected decline in sales but a more substantial drop in gross margins. Since the third quarter of FY25, the company has made several significant announcements. These include setting 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. Analyst Dana Telsey views these developments as crucial for the company's future strategy.

Currently, CPRI is priced at $18.51, reflecting an increase of 2.61% or $0.47. During the trading day, the stock has fluctuated between a low of $18.07 and a high of $19.03. Over the past year, CPRI has reached a high of $43.34 and a low of $11.86. The company's market capitalization stands at approximately $2.18 billion, indicating its size and presence in the luxury fashion market.

Today's trading volume for CPRI is 3,777,786 shares on the NYSE, suggesting active investor interest. The stock's performance and recent strategic moves, such as the sale of Versace, are likely to influence its future trajectory. As highlighted by Telsey Advisory, these developments are seen as pivotal for Capri Holdings' long-term strategy and market positioning.