1,475,000 Shares in Capri Holdings Limited $CPRI Acquired by Cartenna Capital LP

Cartenna Capital LP bought a new stake in Capri Holdings Limited (NYSE:CPRI) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,475,000 shares of the company’s stock, valued at approximately $29,382,000. Cartenna Capital LP owned approximately 1.24% of Capri as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of CPRI. Primecap Management Co. CA increased its position in Capri by 0.6% during the second quarter. Primecap Management Co. CA now owns 5,215,404 shares of the company’s stock worth $92,313,000 after buying an additional 31,684 shares in the last quarter. State Street Corp boosted its stake 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 valued at $79,282,000 after acquiring an additional 724,967 shares during the last quarter. Norges Bank acquired a new stake in shares of Capri during the second quarter valued at $55,906,000. Geode Capital Management LLC increased its position in Capri by 42.2% during the 2nd quarter. Geode Capital Management LLC now owns 2,882,813 shares of the company’s stock worth $51,032,000 after purchasing an additional 855,330 shares in the last quarter. Finally, American Century Companies Inc. increased its position in Capri by 11.2% during the 2nd quarter. American Century Companies Inc. now owns 2,269,089 shares of the company’s stock worth $40,163,000 after purchasing an additional 229,202 shares in the last quarter. Institutional investors and hedge funds own 84.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CPRI. Citigroup upgraded shares of Capri from a “buy” rating to a “mixed” rating in a report on Tuesday, January 20th. TD Cowen reiterated a “buy” rating on shares of Capri in a report on Wednesday, February 4th. Zacks Research lowered shares of Capri from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 5th. UBS Group reissued a “neutral” rating and set a $22.00 price objective on shares of Capri in a research note on Wednesday, February 4th. Finally, Robert W. Baird upgraded shares of Capri from a “neutral” rating to an “outperform” rating and set a $26.00 target price on the stock in a research report on Wednesday, February 4th. One 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $26.46.

Capri Stock Up 1.7%

Shares of NYSE:CPRI opened at $18.59 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.52 and a debt-to-equity ratio of 2.07. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of -4.36, a PEG ratio of 0.38 and a beta of 1.45. The stock’s 50-day moving average price is $21.90 and its two-hundred day moving average price is $22.35. Capri Holdings Limited has a 12-month low of $11.86 and a 12-month high of $28.26.

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

Insiders Place Their Bets

In related news, CEO John D. Idol purchased 55,000 shares of the business’s stock in a transaction on Wednesday, March 11th. The shares were bought at an average price of $17.98 per share, with a total value of $988,900.00. Following the completion of the purchase, the chief executive officer directly owned 2,257,645 shares in the company, valued at approximately $40,592,457.10. This trade represents a 2.50% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 2.30% of the stock is currently owned by corporate insiders.

Capri 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.