Vanguard Group Inc. Sells 251,256 Shares of Capri Holdings Limited $CPRI

Vanguard Group Inc. decreased its stake in shares of Capri Holdings Limited (NYSE:CPRI) by 2.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,580,623 shares of the company’s stock after selling 251,256 shares during the period. Vanguard Group Inc. owned about 9.73% of Capri worth $230,686,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. ING Groep NV bought a new position in shares of Capri during the 3rd quarter valued at approximately $478,000. Machina Capital S.A.S. grew its stake in Capri by 5.3% in the 3rd quarter. Machina Capital S.A.S. now owns 144,289 shares of the company’s stock valued at $2,874,000 after buying an additional 7,209 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in Capri by 167.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,701 shares of the company’s stock valued at $54,000 after acquiring an additional 1,691 shares during the period. Allianz Asset Management GmbH lifted its position in shares of Capri by 51.9% during the third quarter. Allianz Asset Management GmbH now owns 1,762,170 shares of the company’s stock worth $35,102,000 after acquiring an additional 602,123 shares in the last quarter. Finally, Arizona State Retirement System boosted its holdings in shares of Capri by 1.4% in the third quarter. Arizona State Retirement System now owns 34,894 shares of the company’s stock worth $695,000 after acquiring an additional 483 shares during the period. 84.34% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CFO Rajal Mehta sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $25.96, for a total transaction of $259,600.00. Following the completion of the sale, the chief financial officer owned 741 shares of the company’s stock, valued at $19,236.36. This trade represents a 93.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.30% of the company’s stock.

Capri Trading Down 1.6%

Shares of CPRI stock opened at $20.45 on Monday. The business has a 50-day moving average of $23.13 and a 200 day moving average of $22.52. 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. The stock has a market capitalization of $2.44 billion, a PE ratio of -4.80, a P/E/G ratio of 0.42 and a beta of 1.45.

Capri (NYSE:CPRI) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $999.84 million. During the same period in the prior year, the business posted $0.63 EPS. The firm’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. As a group, sell-side analysts anticipate that Capri Holdings Limited will post 0.98 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Robert W. Baird raised Capri from a “neutral” rating to an “outperform” rating and set a $26.00 price objective on the stock in a report on Wednesday, February 4th. Barclays boosted their price objective on shares of Capri from $31.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Weiss Ratings reissued a “sell (d-)” rating on shares of Capri in a report on Wednesday, January 21st. The Goldman Sachs Group decreased their price target on shares of Capri from $27.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday, February 4th. Finally, Jefferies Financial Group started coverage on Capri in a research report on Wednesday, January 14th. They issued a “hold” rating and a $24.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $26.46.

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.