Stephen Reitman Sells 17,981 Shares of Capri (NYSE:CPRI) Stock

Capri Holdings Limited (NYSE:CPRI) Director Stephen Reitman sold 17,981 shares of Capri stock in a transaction on Monday, June 8th. The stock was sold at an average price of $19.42, for a total value of $349,191.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Capri Price Performance

Shares of NYSE:CPRI traded up $0.98 during midday trading on Tuesday, hitting $20.36. 748,631 shares of the stock were exchanged, compared to its average volume of 3,124,442. The stock has a market cap of $2.35 billion, a P/E ratio of 17.88, a PEG ratio of 0.35 and a beta of 1.40. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 4.08. Capri Holdings Limited has a twelve month low of $16.22 and a twelve month high of $28.26. The company has a 50 day moving average price of $18.86 and a 200-day moving average price of $21.37.

Capri (NYSE:CPRI) last announced its earnings results on Wednesday, May 27th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.11. Capri had a net margin of 3.94% and a return on equity of 664.22%. The firm had revenue of $796.00 million during the quarter, compared to the consensus estimate of $800.04 million. During the same quarter in the previous year, the company posted ($4.90) EPS. The firm’s revenue for the quarter was down 23.1% on a year-over-year basis. Capri has set its FY 2027 guidance at 2.150-2.150 EPS and its Q1 2027 guidance at 0.400-0.400 EPS. On average, research analysts forecast that Capri Holdings Limited will post 2.05 earnings per share for the current year.

Hedge Funds Weigh In On Capri

Several institutional investors and hedge funds have recently made changes to their positions in CPRI. Royal Bank of Canada boosted its stake in shares of Capri by 70.0% during the 1st 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 last quarter. Integrated Wealth Concepts LLC lifted its stake in Capri by 48.8% during the first quarter. Integrated Wealth Concepts LLC now owns 20,120 shares of the company’s stock worth $397,000 after purchasing an additional 6,595 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Capri by 13.5% during the first 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. lifted its stake in 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 last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in 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 last quarter. 84.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Barclays dropped their price objective on shares of Capri from $32.00 to $24.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. UBS Group decreased their price target on Capri from $22.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, May 28th. Raymond James Financial restated an “outperform” rating and issued a $22.00 price target on shares of Capri in a report on Thursday, May 28th. Wells Fargo & Company decreased their price target on Capri from $21.00 to $20.00 and set an “equal weight” rating for the company in a report on Thursday, May 28th. Finally, Weiss Ratings upgraded Capri from a “sell (e+)” rating to a “sell (d)” rating in a report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Capri currently has an average rating of “Hold” and an average price target of $24.79.

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.