InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,487.03
(
0.25%
)
US TECH 100
19,535.60
(
0.66%
)
Dow Jones
38,834.86
(
0.15%
)
Brent Oil
84.71
(
0.01%
)
Bitcoin
66,163.32
(
1.84%
)
Post# of 113829
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

researcher59

Send PM Follow Ignore
Followers 322
Posts 31980
Boards Moderated 22
Alias Born 12/30/2004

researcher59

Member Level

Re: None

Wednesday, 07/19/2023 1:53:28 PM

Wednesday, July 19, 2023 1:53:28 PM

Post# of 113829
CPRI +.56 to 37.04, looks attractive, down a whopping 47% from its Feb high of $69.25. The stock plunged in Feb after they reported Dec Q3 EPS of $1.84, 18% below estimates. They also lowered Mar Q4 guidance to $0.95 and initiated FY24 guidance at $6.40 versus estimates for $7.24. In late May they reported Q4 at $0.97 and maintained $6.40 guidance for FY24, albeit backend loaded.

The stock looks cheap at under 6x forward guidance and the chart looks encouraging with solid support at around $35. I like the risk/reward and recently picked up a small position.

Capri Holdings is a multinational fashion holding company. The company sells clothes, shoes, watches, handbags, and other accessories.
Public Reply Private Reply New Post
Keep Last Read
Replies (2) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (2) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up