39,590 Shares in Capri Holdings Limited $CPRI Purchased by Saxon Interests Inc.

Saxon Interests Inc. purchased a new stake in shares of Capri Holdings Limited (NYSE:CPRI) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 39,590 shares of the company’s stock, valued at approximately $698,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Royal Bank of Canada raised its holdings in shares of Capri by 70.0% during the first quarter. Royal Bank of Canada now owns 380,838 shares of the company’s stock valued at $7,514,000 after acquiring an additional 156,757 shares in the last quarter. Integrated Wealth Concepts LLC increased its position in Capri by 48.8% during the 1st quarter. Integrated Wealth Concepts LLC now owns 20,120 shares of the company’s stock valued at $397,000 after purchasing an additional 6,595 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Capri by 13.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,034 shares of the company’s stock valued at $218,000 after purchasing an additional 1,313 shares during the period. Goldman Sachs Group Inc. raised its holdings in Capri by 22.4% in the 1st 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 in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Capri by 23.7% in the 1st 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 period. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CPRI shares. UBS Group cut their target price on shares of Capri from $22.00 to $20.00 and set a “neutral” rating on the stock in a research note on Thursday, May 28th. Barclays cut their price objective on Capri from $32.00 to $24.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 8th. Weiss Ratings upgraded Capri from a “sell (e+)” rating to a “sell (d)” rating in a report on Thursday, May 28th. Bank of America lowered their target price on Capri from $23.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday, May 28th. Finally, Wells Fargo & Company dropped their price target on Capri from $21.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $24.79.

Insider Buying and Selling at Capri

In other news, Director Stephen F. Reitman sold 17,981 shares of Capri stock in a transaction dated 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 Securities & Exchange Commission, which is available at this link. 2.60% of the stock is owned by insiders.

Capri Price Performance

Shares of NYSE CPRI opened at $19.43 on Wednesday. Capri Holdings Limited has a fifty-two week low of $16.72 and a fifty-two week high of $28.26. The company has a 50 day simple moving average of $18.96 and a two-hundred day simple moving average of $20.51. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of 17.04, a P/E/G ratio of 0.34 and a beta of 1.39. The company has a debt-to-equity ratio of 4.08, a quick ratio of 0.60 and a current ratio of 1.21.

Capri (NYSE:CPRI) last posted its quarterly earnings results on Thursday, May 28th. The company reported $0.22 earnings per share 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 company had revenue of $796.00 million for the quarter, compared to the consensus estimate of $800.04 million. During the same quarter in the prior year, the business posted ($4.90) EPS. The firm’s quarterly revenue was down 23.1% compared to the same quarter last year. Analysts expect that Capri Holdings Limited will post 2.07 EPS for the current fiscal year.

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.