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Capri Holdings Limited (CPRI)

NYSE - Nasdaq Real Time Price. Currency in USD
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47.57+1.69 (+3.68%)
At close: 04:00PM EDT
47.57 0.00 (0.00%)
After hours: 07:58PM EDT
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  • C
    Christine
    Nordstrom beat
  • j
    jonathan
    The CFO and IR were adamant that share buy backs were the best use of cash. So, they start buying at $55, whilst forgetting that they don't pay dividends at this fashion house. Idol then goes into the market for a new CEO. New CEO enters one analyst call, then walks away with $8m. Instead of initiating a dividend, they double down on share buy backs, as if they are some techy type of company. After throwing cash away, they still talk about making a European acquisition. We now stand at $37 heading into a much rougher macro patch. Any slight talk of slowdown at June call, then this will plummet. No dividend, no floor price. Theory talk looks good when the market is riding a wave. Kering is near on a 50% decline and they've got Gucci. Massive re-rating coming on all sectors, and fashion ain't the favourite place for the institutional side.
  • C
    Charles S
    What is happing? The stock is really falling. Any news?
  • M
    Mehran
    If CPRI can meet its forecast of $6 profit per share and confirms outlook of $6.5 per for next fiscal year then we are dealing with a stock with PE around 6. Crazy. It can make me retire.
  • h
    haxby
    I don't think that CPRI has another 10% in gains in it. Looks pretty bad here. I actually found (http://Achieverspot.tech) the other day and their stocks are way better...
  • B
    Benjo
    I am worried about retail still hitting
  • Y
    Yahoo Finance Insights
    Capri reached a 52 Week low at 42.34
  • C
    Charles S
    will Capri pay a dividend anytime soon?
  • Y
    Yahoo Finance Insights
    Capri is down 8.01% to 44.65
  • Y
    Yahoo Finance Insights
    Capri reached a 52 Week low at 43.87
  • Y
    Yahoo Finance Insights
    Capri reached a 52 Week low at 44.57
  • Y
    Yahoo Finance Insights
    Capri is up 7.71% to 57.92
  • T
    Tweeterkins
    This morning, Capri was just named one of the New Strong Buy Stocks for March 10th
    Bullish
  • Y
    Yahoo Finance Insights
    Capri is up 7.30% to 53.82
  • M
    M
    Down 22% in a month what the fruit
    Cone on man
  • L
    LOUIE
    John Idol is done flirting with anything that looks like stepping back at Capri Holdings — and told investors the Versace, Michael Kors and Jimmy Choo parent was set to keep growing even with a $100 million hit seen in its Russian business.  
    “I am clearly back as the chairman of Capri and CEO of Capri and the CEO of Michael Kors, as it was previously,” Idol said at a Bank of America Securities investor conference on Wednesday in his first public comments since the company’s succession plan fell apart.
  • G
    GS
    RL, PVH, LVMH, CPRI all hit massive air pockets and down 30%+ in less than a week. Apparently nobody will ever buy luxury goods again. It must have only been Russian and Ukrainian oligarchs buying this stuff.
  • M
    Mike
    This sell off of cpri is hilarious. They bought 200 mil in stock last quarter and had 800 mil left on the stock buyback plan. The panic sellers sell and the company buys back their shares.
  • V
    Vringet
    Opinion on what happened today in CPRI (intraday low of $5), since it ties in to something larger. One of the currently running crises (alongside corporate bonds, corporate paper, treasury liquidity... etc) is that there are many "liquid" mixed asset vehicles that are frozen up. For example, even big vehicles like the Vanguard Total Bond fund are trading nearly 10% under the sum total of their underlying asset value. This is because when the dealer attempts to buy the vehicle, part it out, and pocket the spread, they are finding that there is no liquidity available for many of the components. They are not actually liquid now, if they ever truly were, but this was the promise told to buyers of the vehicle/ETF. This is primarily because there is a general liquidity crisis, but also because it is extremely difficult to price corona risk (usually dynamic pricing is done by models that can't price the current environment). Even if the vehicle is composed of many similar assets, ex: high grade restaurant bonds, this current situation means that some restaurants are fully closed for months, while others will be open doing large amounts of take-out and will feel only part of the impact. The quality components are being crushed and dragged down by the toxic assets until everything can be properly repriced.

    This mostly concerned the insanity in some REITs today, but it must also apply to CPRI to some degree. CPRI is held in many vehicles alongside other distressed retail. Some of which is in a better situation than CPRI, some worse. Some with valuable assets like Versace, some with brands worth no more than the now empty mall storefront signage they are printed on. In the REIT space you saw strong balance sheet companies like VTR hit 13 today - priced at bankruptcy. Mark this post for the future, today was a truly legendary panic.
  • D
    Dalton
    CPRI seems to have no bottom !

    Unreal. A 41 year old $11B company that loses 32% of it's value in less than a week. This after blowout dec qtr earnings and guidance, and the average price target raised to $85, with a high target of $107 !
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