Healthcare of Ontario Pension Plan Trust Fund Sells 64,609 Shares of Capri Holdings Limited $CPRI

Healthcare of Ontario Pension Plan Trust Fund cut its holdings in shares of Capri Holdings Limited (NYSE:CPRI) by 92.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 5,500 shares of the company’s stock after selling 64,609 shares during the quarter. Healthcare of Ontario Pension Plan Trust Fund’s holdings in Capri were worth $97,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of CPRI. Arrowstreet Capital Limited Partnership purchased a new position in Capri in the 4th quarter worth about $53,759,000. Norges Bank purchased a new stake in shares of Capri during the 4th quarter valued at about $50,228,000. State Street Corp boosted its holdings in shares of Capri by 19.3% during the 2nd 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. Rubric Capital Management LP bought a new stake in shares of Capri in the fourth quarter worth approximately $16,470,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Capri by 34.7% during the first quarter. Dimensional Fund Advisors LP now owns 2,165,618 shares of the company’s stock valued at $38,154,000 after purchasing an additional 557,955 shares during the last quarter. 84.34% of the stock is currently owned by institutional investors.

Capri Stock Performance

NYSE:CPRI opened at $16.36 on Tuesday. The stock has a 50-day simple moving average of $18.25 and a two-hundred day simple moving average of $19.35. Capri Holdings Limited has a 52-week low of $15.19 and a 52-week high of $28.26. The company has a debt-to-equity ratio of 4.08, a quick ratio of 0.60 and a current ratio of 1.21. The firm has a market capitalization of $1.88 billion, a PE ratio of 14.36, a P/E/G ratio of 0.29 and a beta of 1.41.

Capri (NYSE:CPRI) last posted its quarterly earnings data on Thursday, May 28th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.11 by $0.11. Capri had a return on equity of 664.22% and a net margin of 3.94%.The firm had revenue of $796.00 million for the quarter, compared to the consensus estimate of $800.04 million. During the same quarter last year, the company earned ($4.90) earnings per share. The business’s revenue for the quarter was down 23.1% compared to the same quarter last year. Analysts forecast that Capri Holdings Limited will post 2.06 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CPRI shares. Weiss Ratings upgraded shares of Capri from a “sell (e+)” rating to a “sell (d)” rating in a report on Thursday, May 28th. TD Cowen reduced their price objective on Capri from $26.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, July 29th. JPMorgan Chase & Co. dropped their target price on Capri from $31.00 to $29.00 and set an “overweight” rating on the stock in a research report on Thursday, May 28th. BTIG Research reaffirmed a “buy” rating and set a $30.00 price target on shares of Capri in a research report on Thursday, May 28th. Finally, Telsey Advisory Group dropped their price objective on shares of Capri from $23.00 to $21.00 and set a “market perform” rating on the stock in a report on Thursday, May 28th. One equities research 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $23.80.

Insider Buying and Selling

In other Capri news, Director Stephen F. Reitman sold 17,981 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $19.42, for a total transaction of $349,191.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.60% of the company’s stock.

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.