Capri Holdings

CPRI · NYSE

$16.51+$0.36 (+2.23%)TodayMarket closed · Oct 20, 7:59 PM ET

Prev close $16.15

CPRI analyst rating

HoldConsensus of 16 analysts over the last 12 months. 44% rate it a buy.

Strong buy0
Buy7
Hold9
Underperform0
Sell0

12-month price target · 19 analysts

Average $22.80 (+38.1% upside)

Low: $16.16
Now: $16.51
High: $47.59

Upgrades and downgrades

The latest rating actions, newest first

CPRI analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
TD Cowen	Aug 6, 2026	Downgrade	Buy → Hold	$20.00 → $17.00	51%
UBS	Aug 6, 2026	Maintains	Neutral	$20.00 → $17.00	50%
Telsey Advisory Group	Aug 6, 2026	Maintains	Market Perform	$21.00 → $18.00	47%
Barclays	Aug 6, 2026	Maintains	Overweight	$20.00 → $19.00	55%
Goldman Sachs	Aug 6, 2026	Maintains	Neutral	$21.00 → $18.00	53%
BTIG	Aug 6, 2026	Maintains	Buy	$30.00 → $25.00	55%
JP Morgan	Aug 4, 2026	Maintains	Overweight	$29.00 → $22.00	57%
TD Cowen	Jul 29, 2026	Maintains	Hold	$26.00 → $20.00	51%
Baird	Jul 27, 2026	Maintains	Outperform	$26.00 → $24.00	52%
Barclays	Jul 16, 2026	Maintains	Overweight	$24.00 → $20.00	55%

The case for and against

Updated Oct 17, 2026

Bull case

Capri Holdings is viewed positively because Michael Kors is showing early but tangible signs of a turnaround, with positive full-price comps in North America and China, improving wholesale POS, higher AURs, and better sell-through as promotional intensity is reduced. Recent results also point to meaningful margin improvement, with Michael Kors gross margin up 280bps to 63.9% and Jimmy Choo revenue rising 10.5% to $179 million, while its operating margin expanded 480bps to 7.3% on stronger sales and cost control. The outlook is further supported by financial strength, cleaner inventory, expected margin expansion to 64.3%, and the potential for EPS recovery as operating leverage improves and shareholder value actions remain possible.

Bear case

Capri Holdings is facing a negative outlook because underlying demand remains soft, with revenue down 3.5% y/y to $769 million in 1Q27 and an expected 9% y/y decline in 2Q27 sales, while Michael Kors—the core brand—remains under pressure and is projected to fall 11% in 2Q27. Although margins improved, much of the gross margin expansion was supported by lower tariff rates and a tariff refund benefit, which masks weaker organic profitability, and EMEA weakness from lower tourist traffic shows the recovery is uneven. Inventory reductions and cost controls help, but with FY27 sales still estimated at $3.4 billion and operating margin at only 5.0%, the business appears to be relying on expense savings rather than durable top-line momentum.

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