Royal Bank of Canada Sells 43,945 Shares of Capri Holdings Limited $CPRI

Royal Bank of Canada decreased its stake in shares of Capri Holdings Limited (NYSE:CPRI) by 20.0% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 176,094 shares of the company’s stock after selling 43,945 shares during the period. Royal Bank of Canada’s holdings in Capri were worth $3,104,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Cooper Creek Partners Management LLC acquired a new stake in Capri in the first quarter worth $23,784,000. M&T Bank Corp raised its holdings in shares of Capri by 1,288.6% during the fourth quarter. M&T Bank Corp now owns 159,185 shares of the company’s stock valued at $3,884,000 after purchasing an additional 147,721 shares during the period. Vanguard Group Inc. raised its holdings in shares of Capri by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 11,701,832 shares of the company’s stock valued at $285,525,000 after purchasing an additional 121,209 shares during the period. Fox Run Management L.L.C. boosted its position in shares of Capri by 567.1% during the 4th quarter. Fox Run Management L.L.C. now owns 81,089 shares of the company’s stock worth $1,979,000 after purchasing an additional 68,933 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of Capri by 74.0% during the 4th quarter. BNP Paribas Financial Markets now owns 785,600 shares of the company’s stock worth $19,169,000 after purchasing an additional 334,107 shares in the last quarter. Institutional investors and hedge funds own 84.34% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Telsey Advisory Group decreased their target price on Capri from $21.00 to $18.00 and set a “market perform” rating for the company in a research report on Thursday, August 6th. The Goldman Sachs Group cut their price target on Capri from $21.00 to $18.00 and set a “neutral” rating on the stock in a report on Thursday, August 6th. Bank of America decreased their price objective on Capri from $23.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, May 28th. Wells Fargo & Company lowered their target price on Capri from $20.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 15th. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $22.00 target price on shares of Capri in a report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $21.93.

Insider Buying and Selling at Capri

In other news, Director Stephen F. Reitman sold 17,981 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $19.42, for a total value of $349,191.02. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 2.60% of the stock is owned by corporate insiders.

Capri Stock Down 1.8%

Shares of NYSE CPRI opened at $15.33 on Friday. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.19 and a quick ratio of 0.54. The company has a 50-day moving average price of $17.69 and a 200-day moving average price of $18.79. The stock has a market capitalization of $1.74 billion, a P/E ratio of 11.79, a P/E/G ratio of 0.33 and a beta of 1.41. Capri Holdings Limited has a 1 year low of $14.77 and a 1 year high of $28.26.

Capri (NYSE:CPRI) last posted its earnings results on Wednesday, August 5th. The company reported $0.67 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.27. Capri had a net margin of 4.44% and a return on equity of 297.36%. The company had revenue of $769.00 million for the quarter, compared to analyst estimates of $757.61 million. During the same quarter in the prior year, the business posted $0.50 EPS. The firm’s revenue was down 3.5% compared to the same quarter last year. Capri has set its Q2 2027 guidance at 0.200-0.200 EPS and its FY 2027 guidance at 2.150-2.150 EPS. On average, equities research analysts forecast that Capri Holdings Limited will post 2.11 EPS for the current fiscal year.

About Capri

Capri Holdings Limited (NYSE: CPRI) is a global luxury fashion company that designs, markets and distributes a range of premium lifestyle products. The company’s principal brands—Michael Kors, Versace and Jimmy Choo—offer handbags, ready-to-wear apparel, footwear, watches, jewelry, fragrance and other accessories. Capri Holdings combines in-house design talent with international sourcing, manufacturing and retail operations to deliver collections that reflect each brand’s distinct heritage and aesthetic vision.

Formed in 2018 through the rebranding of Michael Kors Holdings following the acquisition of Versace, Capri has since integrated Jimmy Choo into its portfolio.