|Bid||16.82 x 1800|
|Ask||17.00 x 900|
|Day's Range||14.98 - 17.19|
|52 Week Range||5.42 - 39.90|
|Beta (5Y Monthly)||1.90|
|PE Ratio (TTM)||7.39|
|Earnings Date||Jun. 25, 2020 - Jun. 29, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||20.30|
Retail-Apparel & Shoes Industry Outlook: Prospects Lack Shine
Clothing retail stocks climbed higher on Monday, as the COVID-19 infection rate in the U.S. shows a slight decline. Among today's rising stocks are American Eagle Outfitters (NYSE: AEO), Urban Outfitters (NASDAQ: URBN), and Capri Holdings (NYSE: CPRI), which closed up roughly 8%, 2%, and 12%, respectively. On March 14, Urban Outfitters made the call to close all of its retail locations.
Capri Holdings (NYSE: CPRI), the owner of the famous Michael Kors, Versace, and Jimmy Choo brands, said in a press release today that it has passed the 50% mark on reopening its stores worldwide. All of Capri's 288 stores in China have opened its doors to the public, according to the press release. In other asian countries, 70% of outlets are open, making this the area where Capri's sales are currently most active.
Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today provided details on the company’s phased reopening plan for its global store operations.
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.
Shares of Under Armour (NYSE: UAA) (NYSE: UAA), Hanesbrands (NYSE: HBI), and Capri Holdings (NYSE: CPRI) were among the big winners Tuesday as the broad market rallied on economic reopenings continuing and signs that more companies were entering the vaccine race. Apparel retailers have been hit hard by the COVID-19 pandemic as they were forced to close stores, being non-essential retailers.
A recent survey released by Piper Sandler, which assessed consumer behavior changes amidst COVID-19, concluded that most respondents were generally optimistic about the economy, more than half are spending less since mid-March, and 55% of consumers don’t expect to return to normal spending behavior for >6 months after COVID-19 concerns fade. The Final Round panel breaks down the survey and discusses what the survey means for retailers in a post-coronavirus world.
Shares of several upscale apparel and home-goods companies were rising on Monday afternoon amid a broad-based market rally driven by a promising report from early trials of a COVID-19 vaccine. Capri Holdings (NYSE: CPRI) was up 12.2%. Ralph Lauren (NYSE: RL) was up 7.7%.
It's not surprising Capri Holdings (NYSE: CPRI) has lost two-thirds of its valuation this year as the COVID-19 pandemic shutdown all but essential retail operations. Piper Sandler analyst Erinn Murphy says that means investors will need a much longer timeline to see her investment thesis pay off. It's not just that consumers are no longer able to go to the store to buy clothes, Murphy said in a note to clients.
What happened Shares of many apparel and home-goods stores did very well in April, as investors grew more upbeat about their cash situations and ability to withstand store-closures amid the coronavirus pandemic — and, later in the month, about the growing likelihood of seeing stores reopen in May.
Several upscale apparel and retail companies were trading lower on Friday, on investor concerns about the prospects for premium retail following the coronavirus pandemic and a new report that J.Crew is preparing to file for bankruptcy. Urban Outfitters (NASDAQ: URBN) was down about 3.2%. All were down, along with many other retail stocks, on broad concerns about the prospects for brick-and-mortar retail as stores gradually begin to reopen in coming weeks, the prospects specifically for upscale full-price retail given the job losses of the past two months, and concerns about the growing list of retail operators that are reportedly preparing for bankruptcy filings.
Yahoo Finance speaks with Tapestry CEO Jide Zeitlin fresh off the company's latest earnings report.
Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, is proud to release its first group-wide corporate social responsibility strategy on the 50th anniversary of Earth Day.
Zoom Video, Capri, Teladoc Health, Allscripts Healthcare Solutions and Masimo highlighted as Zacks Bull and Bear of the Day
Capri Holdings (CPRI) decides to cut down on expenses to stay financially strong during the COVID-19 crisis. Also, it intends to restructure the organization by minimizing workforce.
Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today provided an update on the coordinated actions the company is taking to protect our employees and maintain the company’s financial position in response to the continued global health and economic impact of the COVID-19 pandemic.
Capri Holdings Limited (NYSE: CPRI), a global fashion luxury group, announced today that its collective brands and their founders are donating more than $3 million in support of COVID-19 relief efforts.
Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today announced it amended the Company’s Revolving and Term Loan Credit Agreement.
Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today announced that to help protect the health and safety of its employees, consumers and the communities where the Company operates, Capri Holdings Limited will temporarily close all directly operated Versace, Jimmy Choo and Michael Kors stores in North America from March 18 and in Europe from March 19 through April 10, 2020. The Company remains committed to paying its store employees during this period. Across all regions, customers can continue to shop on each of the luxury houses’ websites, Versace.com, JimmyChoo.com and MichaelKors.com.