Capri (NYSE:CPRI) CEO John Idol Buys 55,000 Shares

Capri Holdings Limited (NYSE:CPRI) CEO John Idol bought 55,000 shares of the stock in a transaction on Wednesday, March 11th. The shares were bought at an average price of $17.98 per share, for a total transaction of $988,900.00. Following the completion of the transaction, the chief executive officer directly owned 2,257,645 shares of the company’s stock, valued at $40,592,457.10. This trade represents a 2.50% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Capri Price Performance

Shares of CPRI stock traded up $0.70 during midday trading on Thursday, reaching $18.56. 224,999 shares of the company traded hands, compared to its average volume of 3,212,396. The firm’s 50 day simple moving average is $22.14 and its two-hundred day simple moving average is $22.39. The firm has a market cap of $2.21 billion, a PE ratio of -4.32, a price-to-earnings-growth ratio of 0.38 and a beta of 1.45. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.14 and a quick ratio of 0.52. Capri Holdings Limited has a 1-year low of $11.86 and a 1-year high of $28.26.

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CPRI. Citigroup upgraded Capri from a “buy” rating to a “mixed” rating in a research report on Tuesday, January 20th. UBS Group reissued a “neutral” rating and issued a $22.00 price objective on shares of Capri in a research note on Wednesday, February 4th. Telsey Advisory Group restated a “market perform” rating and set a $23.00 target price on shares of Capri in a report on Tuesday, February 3rd. Guggenheim upgraded shares of Capri to a “strong-buy” rating in a research report on Wednesday, December 10th. Finally, Wells Fargo & Company reduced their price target on shares of Capri from $27.00 to $21.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $26.46.

Hedge Funds Weigh In On Capri

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Capri by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 11,701,832 shares of the company’s stock valued at $285,525,000 after acquiring an additional 121,209 shares during the last quarter. Primecap Management Co. CA lifted its stake in shares of Capri by 0.6% during the 2nd quarter. Primecap Management Co. CA now owns 5,215,404 shares of the company’s stock worth $92,313,000 after purchasing an additional 31,684 shares during the period. State Street Corp boosted its holdings in shares of Capri by 19.3% during the second quarter. State Street Corp now owns 4,479,231 shares of the company’s stock worth $79,282,000 after purchasing an additional 724,967 shares during the last quarter. Norges Bank purchased a new stake in shares of Capri in the second quarter valued at $55,906,000. Finally, Geode Capital Management LLC grew its position in shares of Capri by 42.2% in the second quarter. Geode Capital Management LLC now owns 2,882,813 shares of the company’s stock valued at $51,032,000 after purchasing an additional 855,330 shares during the period. Hedge funds and other institutional investors own 84.34% of the company’s stock.

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.