A luxury goods holding company screens attractively valued at a forward P/E of 8.1x with a PEG of 0.27, but three consecutive earnings misses, revenue declining at -4%, heavy concentration in a single brand representing 83% of sales, and a reward-to-risk ratio that does not clear the minimum bar make this a watch rather than a buy.
Thesis pillars
- Single Brand Concentration Risk→Stable
- Reward Risk Below Minimum Bar↓Deteriorating
- Attractive Valuation Potential Floor↓Deteriorating
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026, based on the 10-K filed May 27, 2026· older than 90 days
Capri Holdings Limited (CPRI) Stock Analysis
Recovery setup
Consumer Cyclical · Luxury Goods
Hold if already holding. Not a fresh buy at $21.23, but acceptable to hold if already in. Reasons: Concentration risk — Product: Michael Kors (83.0%); Analyst target reached - limited upside remaining.
Capri Holdings operates two luxury fashion brands—Michael Kors and Jimmy Choo—across accessories, footwear, and apparel through 884 stores and e-commerce globally. Michael Kors generated 83% of Capri's $3.47 billion in Fiscal 2026 revenue; Jimmy Choo contributed the remaining... Read more
Hold if already holding. Not a fresh buy at $21.23, but acceptable to hold if already in. Reasons: Concentration risk — Product: Michael Kors (83.0%); Analyst target reached - limited upside remaining. Chart setup: Death cross but MACD improving, RSI 79. Multiple concerning factors. Consider reducing position. | News modifier +2 (SELL_IF_HOLDING → HOLD_IF_HOLDING) Score 4.9/10, high confidence.
Passes 7/10 gates (positive momentum, clean insider activity, news boost analyst 0.60, news boost analyst cluster(4), earnings proximity 88d clear, semi cycle peak clear, materials cycle peak clear). Fails on favorable risk/reward ratio. Suitability: aggressive.
About Capri Holdings Limited
About Capri Holdings Limited
Capri Holdings' two-brand luxury portfolio—Michael Kors (83% of revenue) and Jimmy Choo (17%)—generated $3.47 billion in total revenue in Fiscal 2026, down from $3.62 billion in Fiscal 2025. The combined network operated 673 Michael Kors stores and 211 Jimmy Choo stores across the Americas, EMEA, and Asia, with the Americas contributing $2.0 billion, EMEA $1.0 billion, and Asia $442 million of Fiscal 2026 sales. E-commerce represented about 21% of net revenues and has been the fastest-growing channel over recent years.
Capri sells through retail stores, e-commerce platforms, and wholesale channels including Bloomingdale's, Nordstrom, Saks Fifth Avenue, and Galeries Lafayette. Accessories dominated the product mix at 55.8% of Fiscal 2026 revenue, followed by footwear at 24.6% and apparel at 12.8%. Product manufacturing relies on independent third-party contractors, with one buying agent sourcing roughly 14% of Michael Kors finished goods and the largest manufacturing contractor responsible for 14% of Michael Kors finished products, both predominantly from Asia. Licensing arrangements cover watches (Fossil), eyewear (Luxottica), and fragrance (EuroItalia) for Michael Kors; Jimmy Choo aims to expand accessories from about 20% to at least 30% of that brand's revenues over time.
Show full overview
The personal luxury goods market contracted for the second consecutive year in 2025, with Bain estimating an estimated 80 million consumers exited the category over three years as discretionary demand softened—reaching an estimated €358 billion globally. Capri's revenue fell from $3.62 billion in Fiscal 2025 to $3.47 billion in Fiscal 2026, and the 10-K notes that prolonged macroeconomic pressure could disproportionately affect demand for products aimed at price-sensitive consumers. Michael Kors targets a return to $4 billion in revenue over time, though that trajectory depends on consumer confidence recovery in the Americas. Trade policy adds cost uncertainty: Capri recorded an IEEPA tariff refund receivable of $65 million as of March 28, 2026, while ongoing tariff measures may affect sourcing costs from Vietnam, Cambodia, Indonesia, and Bangladesh.
See also: Consumer Cyclical · Luxury Goods
From Capri Holdings Limited's most recent 10-K filing, extracted June 9, 2026.
Recent developments
updated Oct 30, 2026Recent Developments — Capri Holdings Limited
Latest news
- NEWS Capri Holdings Limited (NYSE:CPRI) Stock Rated "Hold" by Wall Street Brokerages - MarketBeat — MarketBeat Oct 30, 2026 neutral
- NEWS CPRI Q2'26 Earnings: EPS estimate is 0.21 USD - TradingView — TradingView Oct 29, 2026 neutral
- NEWS Is Capri Holdings (CPRI) Cheap As Its October 30 Earnings Near? - Simply Wall Street — Simply Wall Street Oct 25, 2026 neutral
- NEWS Capri Holdings stock falls 3.34 percent versus Tradegate close - ad-hoc-news.de — ad-hoc-news.de Oct 24, 2026 negative
- NEWS Is Capri Holdings Ltd (CPRI) a Bargain After 3.0% Drop? GF Value Says Undervalued - GuruFocus — GuruFocus Oct 24, 2026 positive
Latest item Oct 30, 2026 · Generated 2026-11-05T11:59:09Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHProductMichael Kors83%10-K Item 1: 'Michael Kors — accounted for approximately 83% of our total revenue in Fiscal 2026'
- MEDIUMGeographicoutside United States47%10-K Item 1A: 'approximately 47% of our total revenue from operations outside of the United States during Fiscal 2026'
- LOWSupplierthird-party buying agent14%10-K Item 1: 'one third-party buying agent sourced approximately 14% of Michael Kors finished goods purchases, based on dollar volume'
- LOWSupplierlargest manufacturing contractor14%10-K Item 1: 'Michael Kors' largest manufacturing contractor...accounted for the production of approximately 14% of its finished products, based on dollar volume in Fiscal 2026'
Material Events(8-K, last 90d)
- 2026-04-09Item 5.02LOWKrista McDonough, Chief Legal and Sustainability Officer, voluntarily resigned effective June 26, 2026, to pursue another professional opportunity. No successor named; search process initiated.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
3 floor-breakers
Revenue shrinking — -5.5% YoY. Growth thesis broken unless recovery story develops.static
Technicals below the gate floor. Component breakdown shows what dragged the score down.static
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $21.23, but acceptable to hold if already in. Reasons: Concentration risk — Product: Michael Kors (83.0%); Analyst target reached - limited upside remaining. Chart setup: Death cross but MACD improving, RSI 79. Multiple concerning factors. Consider reducing position. | News modifier +2 (SELL_IF_HOLDING → HOLD_IF_HOLDING) Analyst target $20.85 reached (−1.8%), stop $19.74 (−7.5%), A.R:R -0.1:1. Score 4.9/10, high confidence.
Analyst target $20.85 reached (−1.8% from $21.23); no take-profit level is published. Analyst target $20.85 reached (−1.8%), stop $19.74 (−7.5%), A.R:R -0.1:1. Stop-loss: $19.74.
Concentration risk — Product: Michael Kors (83.0%); Analyst target reached - limited upside remaining; V7 low-quality RISK_OFF penalty: -0.5 (Q=4.8).
Capri Holdings Limited trades at a P/E of 16.2 (forward 8.4). TrendMatrix value score: 7.3/10. Verdict: Hold.
22 analysts rate CPRI, with a consensus score of 3.8/5. 15 analysts publish price targets averaging $23.
What does Capri Holdings Limited do?Capri Holdings operates two luxury fashion brands—Michael Kors and Jimmy Choo—across accessories, footwear, and apparel...
Capri Holdings operates two luxury fashion brands—Michael Kors and Jimmy Choo—across accessories, footwear, and apparel through 884 stores and e-commerce globally. Michael Kors generated 83% of Capri's $3.47 billion in Fiscal 2026 revenue; Jimmy Choo contributed the remaining 17%, with the Americas supplying $2.0 billion of total sales.