BMO Capital Markets Lowers Capri Target Price to $68.00
June 9, 2023
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Capri Holdings ($NYSE:CPRI) is a global fashion company that designs, sources, markets, and sells luxury apparel, accessories, and lifestyle products. The company has experienced tremendous growth over the years, becoming one of the leading names in the fashion industry. Recently, BMO Capital Markets has lowered its price target for Capri Holdings to $68.00 in their latest report on Defense World. Consequently, investors may want to consider their options before investing in Capri Holdings.
They should consider the potential risks associated with the stock as well as the company’s long-term growth prospects before deciding to invest. Overall, while BMO Capital Markets’ price adjustment may be concerning for investors, there is still potential for Capri Holdings to remain a strong player in the luxury fashion industry. As such, investors should approach their investments with caution and conduct their own due diligence before making any decisions.
Market Price
This came after the stock opened at $35.4 and closed at $37.2, a 4.2% increase from its prior closing price of $35.7. The analyst maintained the company’s “Market Perform” rating and believes that the company will struggle to meet its goals in the near term. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Capri Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 5.62k | 616 | 13.8% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Capri Holdings. More…
| Operations | Investing | Financing |
| 771 | 183 | -776 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Capri Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.29k | 5.45k | 15.75 |
Key Ratios Snapshot
Some of the financial key ratios for Capri Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 0.4% | 14.5% | 14.9% |
| FCF Margin | ROE | ROA |
| 9.7% | 25.7% | 7.2% |
Analysis
At GoodWhale, we recently conducted an in-depth analysis of CAPRI HOLDINGS‘ financials. Based on our Risk Rating, CAPRI HOLDINGS is deemed a high risk investment in terms of financial and business aspects. When looking at the income sheet and balance sheet, we detected two risk warnings. If you are interested in diving deeper into the details, please register on our website, goodwhale.com. We are dedicated to helping you make informed decisions by providing you with all the necessary data and analysis to back it up. More…
Peers
The fashion industry is extremely competitive, with companies constantly vying for market share. Capri Holdings Ltd is no exception, and must compete against other major players such as Dazzle Fashion Co Ltd, PVH Corp, and Sub-Urban Brands Inc. In order to stay ahead of the competition, Capri Holdings Ltd must continually innovate and offer consumers unique and desirable products.
– Dazzle Fashion Co Ltd ($SHSE:603587)
Dazzle Fashion Co Ltd is a fashion company with a market cap of 6.76B as of 2022. The company has a Return on Equity of 11.66%. The company designs, manufactures, and markets women’s apparel and accessories. The company offers a wide range of products including dresses, tops, bottoms, outerwear, and swimwear. The company operates in two segments: wholesale and retail. The wholesale segment consists of sales to department stores, specialty stores, and e-commerce platforms. The retail segment consists of sales through the company’s own e-commerce platform and brick-and-mortar stores.
– PVH Corp ($NYSE:PVH)
PVH Corp is a publicly traded company with a market capitalization of 3.08 billion as of 2022. The company has a return on equity of 11.85%. PVH Corp is a holding company that operates through its subsidiaries. The company’s businesses include Calvin Klein and Tommy Hilfiger, which design, market, and distribute men’s, women’s, and children’s apparel; and Van Heusen, which designs and markets dress shirts, sportswear, neckwear, footwear, and other related products.
Summary
CAPRI HOLDINGS, a leading global fashion luxury group, has seen its stock price rise after BMO Capital Markets lowered its price target to $68.00. Analysts have attributed this increase to strong sales in the company’s most recent fiscal quarter, as well as positive outlooks for the remainder of the year.
Additionally, CAPRI has continued to expand its global footprint, investing in strategic partnerships and acquisitions while building out its portfolio of luxury brands. Furthermore, CAPRI’s cash position remains strong, providing a cushion to any potential losses. All in all, CAPRI continues to be an attractive long-term investment opportunity.
