CPRI - Capri Holdings Limited

NYSE - NYSE Delayed Price. Currency in USD
28.24
+1.25 (+4.63%)
At close: 4:01PM EDT
Stock chart is not supported by your current browser
Previous Close26.99
Open27.80
Bid28.02 x 800
Ask28.24 x 1100
Day's Range27.58 - 28.50
52 Week Range26.61 - 75.96
Volume3,701,731
Avg. Volume3,110,701
Market Cap4.281B
Beta (3Y Monthly)1.36
PE Ratio (TTM)10.64
EPS (TTM)2.65
Earnings DateNov 5, 2019 - Nov 11, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est47.55
Trade prices are not sourced from all markets
  • Hong Kong protests turn violent, while investors weigh their impact on U.S.-China trade
    Yahoo Finance Video5 days ago

    Hong 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.

  • Versace and COACH face scrutiny from China over controversial t-shirt.
    Yahoo Finance Video6 days ago

    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.

  • Why Capri Holdings Can Recover After 59% Slump
    GuruFocus.com5 days ago

    Why Capri Holdings Can Recover After 59% Slump

    The company’s strategy could improve its financial performance Continue reading...

  • Can the Growth in Alibaba Stock Continue Amid Geopolitical Whirlwinds?
    InvestorPlace5 days ago

    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.

  • The Fashion Elite Is Offending People Again With China T-Shirt Storm
    Bloomberg5 days ago

    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.

  • Versace apologises after T-shirt triggers fierce criticism in China
    Reuters7 days ago

    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.

  • REFILE-Versace apologises after T-shirt triggers fierce criticism in China
    Reuters7 days ago

    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.com9 days ago

    Wall Street Falls on Friday

    CBS shares decline despite beating earnings Continue reading...

  • Company News for Aug 8, 2019
    Zacks10 days ago

    Company News for Aug 8, 2019

    Companies in the news are: DIS, CVS, CPRI and ODP

  • Capri Holdings Ltd (CPRI) Q1 2020 Earnings Call Transcript
    Motley Fool11 days ago

    Capri Holdings Ltd (CPRI) Q1 2020 Earnings Call Transcript

    CPRI earnings call for the period ending June 30, 2019.

  • Capri Holdings (CPRI) Beats on Q1 Earnings, Trims Sales View
    Zacks11 days ago

    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.

  • Reuters11 days ago

    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.

  • Capri cuts sales forecast as Michael Kors demand slows
    Reuters11 days ago

    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.

  • Capri Holdings (CPRI) Q1 Earnings Top Estimates
    Zacks11 days ago

    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?

  • MarketWatch11 days ago

    Capri tops profit estimates as revenue falls slightly short

    Capri Holdings Ltd. shares rose 1.3% after the company topped profit estimates for its fiscal first quarter and reaffirmed full-year EPS guidance. . The owner of Versace, Michael Kors and Jimmy Choo brands said it had net income of $45 million, or 30 cents a share, in the quarter to June 29, down from $186 million, or $1.25 a share, in the year-earlier period. The decline was due to a $97 million store impairment charge related to lease assets recorded in connection with the adoption of the new lease accounting standard and largely attributable to the Michael Kors retail fleet. Adjusted per-share earnings came to 95 cents, a head of the 90 cents FactSet consensus. Revenue rose 11.9% to $1.346 billion, just below the FactSet consensus of $1.367 billion. "Based on our first quarter performance, we are reaffirming our earnings per share guidance for Fiscal 2020, which includes the impact of the strengthening U.S. dollar and additional tariffs on imports from China," Chief Executive John Idol said in a statement. The company is expecting full-year EPS of $4.95 but lowered its revenue guidance to about $5.8 billion. For the second quarter, it expects EPS of $1.21 to $1.26 and revenue of about $1.45 billion. The FactSet consensus is for full-year EPS of $4.91 and revenue of $6.001 billion. The second-quarter consensus is for EPS of $1.25 and revenue of $1.471 billion. The company is planning to invest in Versace and Jimmy Choo to position both brands for long term revenue growth and margin expansion, he said. Shares have fallen 17% in 2019, while the S&P 500 has gained 15%.

  • Reuters11 days ago

    UPDATE 2-Capri cuts sales forecast as Michael Kors demand slows

    Capri Holdings Ltd missed quarterly revenue estimates and cut its full-year sales forecast on Wednesday, as the high-end fashion house struggled with slowing demand for its Michael Kors brand at department stores and at its own retail outlets. 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.

  • Capri Holdings Limited Announces First Quarter Fiscal 2020 Results
    Business Wire11 days ago

    Capri Holdings Limited Announces First Quarter Fiscal 2020 Results

    First Quarter Adjusted Earnings Per Share Exceeds Expectations

  • TheStreet.com11 days ago

    Capri Holdings Rises on First-Quarter Earnings Beat

    Shares of Capri Holdings are climbing Wednesday after the apparel retailer beats Wall Street's earnings expectations but missed the sales forecast.

  • Benzinga12 days ago

    Q1 Earnings Outlook For Capri Holdings

    On Wednesday, August 7, Capri Holdings (NYSE: CPRI ) will release its latest earnings report. Benzinga's outlook for Capri Holdings is included in the following report. Earnings and Revenue Wall Street ...

  • Do You Know What Capri Holdings Limited's (NYSE:CPRI) P/E Ratio Means?
    Simply Wall St.12 days ago

    Do You Know What Capri Holdings Limited's (NYSE:CPRI) P/E Ratio Means?

    This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll look at...

  • Earnings Preview: Capri Holdings (CPRI) Q1 Earnings Expected to Decline
    Zacks18 days ago

    Earnings Preview: Capri Holdings (CPRI) Q1 Earnings Expected to Decline

    Capri Holdings (CPRI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • Here's Why Capri Holdings' (CPRI) Q1 Earnings Might Decline
    Zacks20 days ago

    Here's Why Capri Holdings' (CPRI) Q1 Earnings Might Decline

    Capri Holdings' (CPRI) first-quarter fiscal 2020 earnings take into account dilution from Versace of about 15 cents. It also considers adverse currency fluctuations and shift in wholesale revenue timing that benefited the fourth quarter of fiscal 2019.

  • Business Wire25 days ago

    Capri Holdings Limited Announces Reporting Date For First Quarter Fiscal 2020 Financial Results

    Capri Holdings Limited (CPRI) today announced that it plans to report its first quarter fiscal year 2020 financial results on Wednesday, August 7, 2019, before the market opens. The Company also plans to hold a conference call to discuss its financial results the same day at 8:30 a.m. ET. Those who wish to participate in the call may do so by dialing (800) 239-9838 or (323) 794-2551 for international callers, conference ID 9873349.