Capri Holdings: Luxury Label with Turnaround Opportunity - Analysts See Over 50% Potential

Capri Holdings (CRPI) could become a turnaround story. It is a fashion company that segments a portfolio of premium and luxury brands. Clothing, shoes, leather goods, and accessories are sold. The brands, especially Michael Kors, cater to different lifestyle and fashion segments with a focus on high-quality ready-to-wear fashion and lifestyle products. Capri recently recorded higher average selling prices (Average Unit Retail, AUR), driven by the ready-to-wear collection. Customers responded positively to new styles from Michael Kors. The company...