Engineers Gate Manager LP Buys Shares of 204,843 Capri Holdings Limited $CPRI

Engineers Gate Manager LP purchased a new position in Capri Holdings Limited (NYSE:CPRI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 204,843 shares of the company’s stock, valued at approximately $3,804,000. Engineers Gate Manager LP owned approximately 0.18% of Capri as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Measured Wealth Private Client Group LLC boosted its holdings in shares of Capri by 299.7% in the first quarter. Measured Wealth Private Client Group LLC now owns 1,523 shares of the company’s stock valued at $27,000 after acquiring an additional 1,142 shares in the last quarter. Quantbot Technologies LP bought a new stake in Capri during the second quarter worth approximately $39,000. Caitong International Asset Management Co. Ltd lifted its position in Capri by 273.9% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,236 shares of the company’s stock worth $55,000 after purchasing an additional 1,638 shares during the period. MidFirst Bank acquired a new stake in Capri in the fourth quarter worth approximately $77,000. Finally, Hantz Financial Services Inc. boosted its stake in Capri by 57.9% during the 4th quarter. Hantz Financial Services Inc. now owns 4,266 shares of the company’s stock valued at $104,000 after purchasing an additional 1,565 shares in the last quarter. 84.34% of the stock is currently owned by institutional investors.

Capri Trading Up 7.8%

NYSE:CPRI opened at $13.89 on Friday. The company has a quick ratio of 0.54, a current ratio of 1.19 and a debt-to-equity ratio of 2.27. Capri Holdings Limited has a 1-year low of $12.40 and a 1-year high of $28.26. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 10.68, a price-to-earnings-growth ratio of 0.30 and a beta of 1.38. The stock has a fifty day simple moving average of $15.23 and a 200 day simple moving average of $17.69.

Capri (NYSE:CPRI) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.27. Capri had a return on equity of 297.36% and a net margin of 4.44%.The firm had revenue of $769.00 million for the quarter, compared to the consensus estimate of $757.61 million. During the same quarter in the previous year, the company earned $0.50 EPS. The business’s revenue for the quarter 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. Sell-side analysts forecast that Capri Holdings Limited will post 2.11 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Wells Fargo & Company lowered their price target 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. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Capri in a research note on Tuesday, August 25th. UBS Group dropped their price target on shares of Capri from $20.00 to $17.00 and set a “neutral” rating on the stock in a research report on Thursday, August 6th. BTIG Research cut their price target on shares of Capri from $30.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Finally, Barclays reduced their price objective on shares of Capri from $20.00 to $19.00 and set an “overweight” rating for the company in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $21.93.

Capri Company Profile

Capri Holdings Limited (NYSE: CPRI) is a global fashion company that designs, manufactures, markets and distributes luxury apparel, accessories and footwear. Its portfolio includes the Michael Kors and Jimmy Choo brands, which offer products such as handbags, shoes, ready-to-wear clothing, watches, jewelry, eyewear and fragrances.

Michael Kors is known for its accessible luxury fashion and lifestyle products, while Jimmy Choo focuses on luxury footwear, handbags and accessories. The brands serve customers through company-operated stores, e-commerce platforms, department stores, specialty retailers, travel retail locations and selected licensing arrangements.

Capri Holdings was established as Michael Kors Holdings Limited in 2011 and adopted the Capri name in 2018 after expanding its portfolio through acquisitions of Jimmy Choo and Versace.