CPRI - Capri Holdings Limited
| Previous Close | 32.29 |
| Open | 32.32 |
| Bid | 29.25 x 1800 |
| Ask | 32.50 x 1300 |
| Day's Range | 32.11 - 32.78 |
| 52 Week Range | 25.25 - 73.63 |
| Volume | 2,668,638 |
| Avg. Volume | 3,040,629 |
| Market Cap | 4.937B |
| Beta (3Y Monthly) | 1.49 |
| PE Ratio (TTM) | 12.27 |
| EPS (TTM) | 2.65 |
| Earnings Date | Nov 5, 2019 - Nov 11, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 46.90 |
Yahoo Finance VideoHong Kong protests turn violent, while investors weigh their impact on U.S.-China trade
Yahoo Finance's Myles Udland and Akiko Fujita speak to Stratfor Senior Vice President of Strategic Analysis, Rodger Baker, about the impact of the Hong Kong protests on U.S.-China trade.
- Yahoo Finance Video
Versace and COACH face scrutiny from China over controversial t-shirt.
Versace and COACH under fire this weekend after one of its company t-shirts identified Macau and Hong Kong as separate countries from China. The shirt faced backlash on Chinese social media amid the Hong Kong protests. China pushed artistic director Donatella Versace to apologize yesterday. Yahoo Finance's Sibile Marcellus and Brian Cheung discuss with BigEyedWish founder Ian Wishingrad.
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Retail-Apparel & Shoes Industry Outlook: Prospects Galore
Retail-Apparel & Shoes Industry Outlook: Prospects Galore
- GuruFocus.com
3 Clothing-Industry CEOs Bet Big on Their Own Stocks
They are the chiefs at PVH Corp, Capri Holdings Ltd. and G-III Apparel Group Ltd. Continue reading...
- Zacks
Capri Holdings (CPRI) Down 13.4% Since Last Earnings Report: Can It Rebound?
Capri Holdings (CPRI) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
- GuruFocus.com
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- Thomson Reuters StreetEvents
Edited Transcript of CPRI earnings conference call or presentation 7-Aug-19 12:30pm GMT
Q1 2020 Capri Holdings Ltd Earnings Call
- Yahoo Finance
'Pura Still' boozy water seeks to capitalize on hard seltzer boom
2019 is being referred to as the ‘summer of spiked seltzer’. The industry has grown in popularity, with hard seltzer accounting for 5% of the U.S. beer market in July, growing more than 164% year-over-year, according to Bank of America Merrill Lynch’s 2019 Global Beverage survey.
- TheStreet.com
When Execs Buy $30 Million in Company Shares, Take Notice
Capri Holdings -- of Versace fame -- saw some major buys of its stock by its CEO and COO and this may be a signal to fashion your own investment.
- Motley Fool
3 Sparkling Luxury Stocks
Some people like the more luxurious things in life, and these three companies have stood the test of time through boom and bust.
- GuruFocus.com
CEOs Are Piling Into These 2 Value Stocks
One executive purchased $10 million in shares Continue reading...
- MarketWatch
Cartier, Louis Vuitton and other luxury brands could suffer up to a 60% hit in Hong Kong if protests continue
Luxury brands could see sales in Hong Kong decline 10% to 60% compared to last year if protests continue through the end of 2019, Cowen data shows.
- GuruFocus.com
Weekly CEO Buys Highlight
Insiders invest in Capri Holdings, General Electric, Sarepta Therapeutics, Ryman Hospitality Properties and Axogen Continue reading...
- GuruFocus.com
Why Capri Holdings Can Recover After 59% Slump
The company’s strategy could improve its financial performance Continue reading...
- InvestorPlace
Can the Growth in Alibaba Stock Continue Amid Geopolitical Whirlwinds?
When Alibaba Group (NYSE:BABA) last reported its earnings in May, there was little to quibble about. Revenues shot-up by 51% and net income came to an impressive $3.85 billion.Yet this performance was not enough to gin up interest in Alibaba stock. During the past three months, the shares have gone from $178 to $157.InvestorPlace - Stock Market News, Stock Advice & Trading TipsOf course, BABA stock is no outlier. Other notable Chinese stocks have also come under pressure, such as JD.com (NASDAQ:JD), Weibo Corporation (NASDAQ:WB) and Baidu, Inc (NASDAQ:BIDU). Yes, the U.S.-China trade war has certainly taken a toll.As for Alibaba stock, the next earnings report - which will be announced Thursday before the market opens - will be an important one. Keep in mind that the company has already indicated that growth will likely decelerate. * 7 Stocks Under $7 to Invest in Now So, what does the Street expect for the current quarter? Well, analysts forecast revenues to jump by 28.4% to $16.09 billion and earnings to come to $1.49 per share. And yes, given BABA's own conservative guidance, the numbers are probably beatable. But this may not matter much. For now, the markets are mostly concerned about the trade situation, which is vague. The Quarterly Events for Alibaba StockFor BABA stock, the latest quarter has certainly been active. Let's take a look at some of the highlights: * The company filed confidential papers for a listing on the Hong Kong market. The proposed offering, which will be led by China International Capital Corp and Credit Suisse (NYSE:CS), will likely raise billions (keep in mind that the U.S. IPO came to $25 billion). Although, due to the continued instability in Hong Kong, the listing is far from a guarantee. * Alibaba's B2C platform for brands and retailers, Tmall, announced a partnership with the New York Fashion Week (NYFW): The Shows. There will also be similar arrangements with the Paris Fashion Week and Milan Fashion Week. * Luxury brand Michael Kors - which is a part of Capri Holdings Limited (NYSE:CPRI) - has opened a digital store on Tmall. The deal will also include exclusive access to special products. * Alibaba Group announced a strategic partnership with the municipal government of Yiwu, in the Zhejiang province of China. The deal will involve the launch of the eWTP hub, which will facilitate trade in the world's largest wholesale market. * For the "6.18 Mid-Year Shopping Festival," Taobao and Tmall had record-breaking performances, as demand from less-developed cities surged. More than 200,000 brands took part in the event. Bottom Line on BABA StockFor the long-term, I think Alibaba stock looks attractive. The company is similar to Amazon.com (NASDAQ:AMZN), with dominant positions in key markets like e-commerce and cloud computing. What's more, the market in China is much larger. For example, BABA has a whopping 721 million mobile monthly active users (MAUs), up 104 million on a year-over-year basis.As for the cloud business, the prior quarter saw a 76% surge on the top line to $1.15 billion. The company has been leveraging its massive platform to capture new customers and has also been aggressive with adding new services like blockchain, cybersecurity, database systems and artificial intelligence.Something else: the valuation on Alibaba stock is fairly reasonable. Consider that the forward price-to-earnings multiple is 18.5-times. By comparison, JD.com is at 26x.However, in the near-term, there still may not be much bullishness with BABA stock. The uncertainties regarding trade seem to be paramount concerns right now. And this could mean that shares will be choppy for some time.Tom Taulli is the author of the book, Artificial Intelligence Basics: A Non-Technical Introduction. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Large-Cap Stocks to Sell Right Now * 7 Stocks Under $7 to Invest in Now * 7 Marijuana Stocks With Critical Levels to Watch The post Can the Growth in Alibaba Stock Continue Amid Geopolitical Whirlwinds? appeared first on InvestorPlace.
- Bloomberg
The Fashion Elite Is Offending People Again With China T-Shirt Storm
(Bloomberg Opinion) -- For luxury brands, worries about Chinese politics have switched this week from the impact of Hong Kong street protests to the output of their own design studios. In the space of a couple of days, Versace, Coach and Givenchy have all had to apologize for failing to respect the country’s territorial integrity. The offending garments were t-shirts that listed Hong Kong, Macau and Taiwan as separate from China. Beijing wasn’t amused, and neither were lots of social media users who threatened boycotts of the western fashion houses. Liu Wen, a Chinese Supermodel, ended her brand ambassador relationship with Coach – which is owned by the U.S. firm Tapestry Inc.Putting aside where you might stand on Beijing’s intentions toward Taiwan, it’s surprising for big global companies (Givenchy is owned by France’s LVMH Moet Hennessy Louis Vuitton SE and Versace by the U.S.-listed Capri Holdings Ltd) to make a diplomatic gaffe like this given China’s increasing touchiness on this subject. After all, they have legal teams and public affairs departments who should be on top of potential political pitfalls and any incidents that emerge elsewhere in the industry.In fairness, it’s difficult when you’re running complex organisations that span creative and corporate functions. It can be hard to keep tabs on every garment produced for every catwalk show or department store. But the fashion industry has picked up a habit of annoying Chinese shoppers. The Italian fashion house Dolce & Gabbana caused outrage last year when it ran a promotional video showing a Chinese model struggling to eat spaghetti with chopsticks.All of this suggests the luxury groups need to employ people with oversight of their creative teams who have a proper understanding of the places in which they operate. Ben Cavender, managing director of China Market Research Group, goes further, saying that companies should appoint a “chief culture officer” to combat the industry’s recurrent problems.The western companies are reliant on Asia for much of their profits. Chinese consumers are by far their biggest customers, accounting for about one-third of total spending on luxury goods. Coach owner Tapestry gets 12% of its sales from greater China, while LVMH gets 33% from Asia, when excluding Japan.Chinese shoppers are also extremely active on social media, so campaigns against particular labels are potentially very damaging. The research firm Gartner L2 found that Dolce & Gabbana’s Chinese social media engagement fell 98% in the first quarter of 2019 after the spaghetti outcry.The t-shirt controversy is badly timed given that the luxury companies are already having to manage the impact of the Hong Kong protests on their sales in the city. The protests have shut stores and deterred Asian shoppers from travelling there, with the airport brought to a standstill this week (bad news too for duty-free purchases). Hong Kong by itself remains a significant market for high-end goods, accounting for between 5% and 10% of global luxury sales, according to analysts at Bernstein. With sensitivities running so high, and sales channels already so challenged, the big brands have little margin for error. Beijing’s demands this week that Cathay Pacific Airways Ltd. bar any air crew who supported the Hong Kong protests from working on China flights shows how far the political situation is starting to affect business. This is a moment for careful management.To contact the author of this story: Andrea Felsted at afelsted@bloomberg.netTo contact the editor responsible for this story: James Boxell at jboxell@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Andrea Felsted is a Bloomberg Opinion columnist covering the consumer and retail industries. She previously worked at the Financial Times.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Reuters
Versace apologises after T-shirt triggers fierce criticism in China
Italian luxury label Versace and its artistic director Donatella Versace apologised on Sunday after one of the company's T-shirts was widely criticised on social media in China for identifying the Chinese-controlled territories of Hong Kong and Macau as countries. Versace, which was bought by Michael Kors' Capri Holdings Ltd in September, said on its Twitter-like Weibo account that it had made a mistake and as of July 24 had stopped selling and destroyed the T-shirts. Milan-based Versace is the latest company to become entangled in political issues involving China, which since last year has increased its policing of how foreign firms describe Hong Kong and Macau, former European colonies that are now part of China but run with a high degree of autonomy.
- Reuters
REFILE-Versace apologises after T-shirt triggers fierce criticism in China
Italian luxury label Versace and its artistic director Donatella Versace apologised on Sunday after one of the company's T-shirts was widely criticised on social media in China for identifying the Chinese-controlled territories of Hong Kong and Macau as countries. Versace, which was bought by Michael Kors' Capri Holdings Ltd in September, said on its Twitter-like Weibo account that it had made a mistake and as of July 24 had stopped selling and destroyed the T-shirts. Milan-based Versace is the latest company to become entangled in political issues involving China, which since last year has increased its policing of how foreign firms describe Hong Kong and Macau, former European colonies that are now part of China but run with a high degree of autonomy.
- GuruFocus.com
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Motley FoolCapri Holdings Ltd (CPRI) Q1 2020 Earnings Call Transcript
CPRI earnings call for the period ending June 30, 2019.
- Zacks
Capri Holdings (CPRI) Beats on Q1 Earnings, Trims Sales View
Capri Holdings (CPRI) reports better-than-expected first-quarter fiscal 2020 operating margin and earnings per share. The company reaffirms fiscal 2020 earnings view but lowers full-year sales forecast.
- Reuters
Michael Kors-owner Capri says no plans to raise prices despite higher tariff threat
Michael Kors-owner Capri Holdings Ltd has no plans to raise prices even if tariffs on Chinese imports go up to 25%, Chief Executive Officer John Idol said on Wednesday. Idol also said the tariffs would not impact the company's full-year earnings. Late last month, U.S. President Donald Trump threatened to impose 10% tariffs on the remaining $300 billion worth of goods from China from Sept. 1 that some U.S. retailers have warned would lead to higher prices.
- Reuters
Capri cuts sales forecast as Michael Kors demand slows
Michael Kors, which accounts for the bulk of the company's sales, still depends heavily on selling through department stores, where sales are struggling as more shoppers choose to buy online. While the move to sell more at full price drove a better-than-expected quarterly profit, it took a toll on Kors' store traffic, with same-store sales falling in the low single digits in the reported quarter. Michael Kors revenue decreased 4.8% to $981 million and sales at Jimmy Choo, Capri's stiletto brand which is also foraying into handbags, fell 8.7% to $158 million in the reported quarter.
- Zacks
Capri Holdings (CPRI) Q1 Earnings Top Estimates
Capri Holdings (CPRI) delivered earnings and revenue surprises of 5.56% and -1.17%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
