GBA Stock Of The Day<-- THE LAST TWO WORKED OUT BEAUTIFULLY!
CAPRI HOLDINGS!
- Goldman Sachs boosts its rating on Capri Holdings (NYSE:CPRI) to Buy from Neutral after being encouraged by the company's recent track record.
- Analyst Brooke Roach: "We are encouraged by CPRI’s recent performance, with the company reporting EBIT margins above pre-pandemic levels for the past three consecutive quarters. Positive momentum is supported by strong digital growth, improved pricing, and a continued shift toward more signature items."
- Roach and team also point to the strength in the Michael Kors margin profile and think the company’s reset activities through the pandemic have driven a healthier base, which should help it even further on the margin front in the post-pandemic period.
- Goldman Sachs assigns a price target of $86 to CPRI to rep 22% upside potential and stand above the average analyst PT of $78.28.
BUY At Open -$63 <----------
This is Michael Kors They changed the name<----- You get Versace license.
Description
Capri Holdings Limited designs, markets, distributes, and retails branded women's and men's apparel, footwear, and accessories in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia. The company's Versace segment offers ready-to-wear, accessories, footwear, eyewear, watches, jewelry, fragrances, and home furnishings through a distribution network, including boutiques; and department and specialty stores, as well as through Versace e-commerce sites. It also licenses Versace brand name and trademarks to third parties to retail and/or wholesale its products; and has licensing agreements to the manufacture and sale of jeans, fragrances, watches, eyewear, and home furnishings. The company was formerly known as Michael Kors Holdings Limited and changed its name to Capri Holdings Limited in December 2018. Capri Holdings Limited was founded in 1981 and is headquartered in London, the United Kingdom.