A Look Into Consumer Cyclical Sector Value Stocks
What Defines a Value Stock? A value stock traditionally has a lower price when compared to stock prices…
Cowen & Co. Downgrades Capri Holdings to Market Perform, Lowers Price Target to $55
Cowen & Co. analyst Oliver Chen downgrades Capri Holdings (NYSE:CPRI) from Outperform to Market Perform and lowers the price target from $70 to $55.
Tapestry’s Improving Trends Despite Challenges Impress This Analyst
Telsey Advisory Group analyst Dana Telsey reiterated an Outperform rating on the shares of Tapestry Inc (NYSE:TPR) and raised the price target from…
Baird Maintains Outperform on Capri Holdings, Lowers Price Target to $68
Baird analyst Mark Altschwager maintains Capri Holdings (NYSE:CPRI) with a Outperform and lowers the price target from $70 to $68.
Raymond James Maintains Outperform on Capri Holdings, Lowers Price Target to $60
Raymond James analyst Rick Patel maintains Capri Holdings (NYSE:CPRI) with a Outperform and lowers the price target from $73 to $60.
Telsey Advisory Group Maintains Market Perform on Capri Holdings, Lowers Price Target to $55
Telsey Advisory Group analyst Dana Telsey maintains Capri Holdings (NYSE:CPRI) with a Market Perform and lowers the price target from $70 to $55.
Capri Holdings Reports Q3 Earnings Below Street View; Cuts Q4, FY23 Outlook
Capri Holdings Ltd (NYSE:CPRI) reported a third-quarter FY23 sales decline of 6% year-on-year to $1.51 billion, missing the consensus of $1.53…
Nasdaq Tumbles 150 Points; Crude Oil Up 1.5%
U.S. stocks traded lower midway through trading, with the Nasdaq Composite dropping over 150 points on Wednesday.
The Dow traded down 0.27% to 34,063.42 while the NASDAQ fell 1.33% to 11,952.51. The S&P 500 also fell, dropping, 0.80% to 4,130.55.
US Stocks Edge Lower; Yum! Brands Earnings Beat Views
U.S. stocks traded slightly lower this morning, with the Nasdaq Composite dropping around 40 points on Wednesday.
The Dow traded down 0.07% to 34,132.44 while the NASDAQ fell 0.33% to 12,073.74. The S&P 500 also fell, dropping, 0.25% to 4,153.57.
Capri FY24 Outlook: Revenue $5.80B Vs. $6.02B Estimate; EPS $6.40 Vs. $7.24 Estimate
Fiscal Year 2024 Outlook
For Capri Holdings, the Company expects the following:
Total revenue of approximately $5.8 billion
Modest gross margin expansion
Operating margin of approximately 16.5%
Effective tax rate