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0.000248570718369327 0.00149142431021614 -0.00422570221227944 0.000497141436738653 0.00472284364901809 -0.0169028088491176 -0.031071339796172 -0.023117076808352
Stock impact report

Baird calls Capri Holdings selloff excessive as it upgrades stock [Yahoo! Finance]

Capri Holdings Limited Ordinary Shares (CPRI) 
Last capri holdings limited ordinary shares earnings: 2/5 06:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
Capri fell 13% on Tuesday, which Baird called excessive given a modest beat on sales and earnings and a steady outlook. The selloff appeared driven less by fundamentals and more by the absence of a clear near-term catalyst to shift investor sentiment, says Baird analyst. Following the Tuesday decline, the stock trades near 9 times forward EBITDA, which Baird views as undemanding on depressed earnings. The firm kept its $26 price target unchanged, arguing the recent pullback has set up a more favorable risk-reward profile. While a turnaround will take time, the pullback has improved the stock's appeal, with early signs of progress at Michael Kors and Jimmy Choo, easing margin headwinds and a stronger balance sheet. Capri reported fiscal third-quarter results that topped Baird's estimates by about 2% on both sales and EBIT, with earnings per share beating expectations by 4%, helped by lower operating expenses and a lower tax rate. Gross margin came in slightly below expectation Show less Read more
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