Primecap Management Co. CA Sells 262,520 Shares of Capri Holdings Limited $CPRI

Primecap Management Co. CA lessened its holdings in Capri Holdings Limited (NYSE:CPRI) by 5.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,952,884 shares of the company’s stock after selling 262,520 shares during the quarter. Primecap Management Co. CA owned approximately 4.16% of Capri worth $98,661,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Royal Bank of Canada lifted its holdings in Capri by 70.0% in the first quarter. Royal Bank of Canada now owns 380,838 shares of the company’s stock valued at $7,514,000 after buying an additional 156,757 shares during the period. Integrated Wealth Concepts LLC lifted its stake in shares of Capri by 48.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 20,120 shares of the company’s stock valued at $397,000 after purchasing an additional 6,595 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Capri by 13.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,034 shares of the company’s stock worth $218,000 after purchasing an additional 1,313 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Capri by 22.4% during the first quarter. Goldman Sachs Group Inc. now owns 764,509 shares of the company’s stock worth $15,084,000 after purchasing an additional 139,809 shares during the period. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Capri by 23.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 422,561 shares of the company’s stock worth $8,337,000 after purchasing an additional 80,928 shares during the period. 84.34% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on CPRI shares. BTIG Research restated a “buy” rating and set a $30.00 target price on shares of Capri in a report on Friday, January 30th. Wells Fargo & Company cut their price target on shares of Capri from $27.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 4th. Zacks Research cut shares of Capri from a “strong-buy” rating to a “hold” rating in a report on Friday, December 5th. Barclays increased their target price on shares of Capri from $31.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, February 4th. Finally, Robert W. Baird raised shares of Capri from a “neutral” rating to an “outperform” rating and set a $26.00 price target for the company in a report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $26.46.

Insider Activity at Capri

In other news, CFO Rajal Mehta sold 10,000 shares of the company’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $25.96, for a total transaction of $259,600.00. Following the completion of the transaction, the chief financial officer directly owned 741 shares of the company’s stock, valued at $19,236.36. This represents a 93.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.30% of the stock is currently owned by company insiders.

Capri Stock Performance

Shares of CPRI opened at $20.77 on Friday. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.52 and a current ratio of 1.14. Capri Holdings Limited has a twelve month low of $11.86 and a twelve month high of $28.26. The firm’s 50 day moving average price is $23.22 and its two-hundred day moving average price is $22.49. The firm has a market cap of $2.47 billion, a P/E ratio of -4.88, a PEG ratio of 0.42 and a beta of 1.45.

Capri (NYSE:CPRI) last issued its quarterly earnings data on Tuesday, February 3rd. The company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.03. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $999.84 million. Capri had a negative net margin of 13.57% and a negative return on equity of 430.23%. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period last year, the business posted $0.63 earnings per share. Capri has set its FY 2026 guidance at 1.300-1.400 EPS. On average, analysts forecast that Capri Holdings Limited will post 0.98 EPS for the current fiscal year.

Capri Company Profile

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.