Engineers Gate Manager LP Invests $3.80 Million in Capri Holdings Limited $CPRI

Engineers Gate Manager LP purchased a new stake in shares of Capri Holdings Limited (NYSE:CPRI) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 204,843 shares of the company’s stock, valued at approximately $3,804,000.

Several other large investors have also recently bought and sold shares of the business. California State Teachers Retirement System lifted its stake in Capri by 1,716.6% in the 2nd quarter. California State Teachers Retirement System now owns 2,445,186 shares of the company’s stock worth $45,407,000 after acquiring an additional 2,310,584 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Capri during the 4th quarter valued at about $53,759,000. Norges Bank acquired a new position in shares of Capri in the 4th quarter valued at about $50,228,000. Cooper Creek Partners Management LLC acquired a new position in shares of Capri in the 1st quarter valued at about $23,784,000. Finally, Segall Bryant & Hamill LLC lifted its position in shares of Capri by 92.6% in the first quarter. Segall Bryant & Hamill LLC now owns 2,734,735 shares of the company’s stock worth $48,186,000 after purchasing an additional 1,314,611 shares in the last quarter. 84.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Wells Fargo & Company decreased their price target on shares of Capri from $20.00 to $16.00 and set an “equal weight” rating for the company in a report on Wednesday, July 15th. JPMorgan Chase & Co. cut their target price on shares of Capri from $29.00 to $22.00 and set an “overweight” rating for the company in a research report on Tuesday, August 4th. Raymond James Financial reissued an “outperform” rating and set a $22.00 target price on shares of Capri in a research note on Thursday, May 28th. BTIG Research lowered their price target on shares of Capri from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, August 6th. Finally, UBS Group cut their price objective on Capri from $20.00 to $17.00 and set a “neutral” rating for the company in a report on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Capri has an average rating of “Hold” and a consensus target price of $21.93.

Capri Trading Up 7.8%

Shares of NYSE CPRI opened at $13.89 on Friday. The business has a 50 day simple moving average of $15.23 and a 200 day simple moving average of $17.69. Capri Holdings Limited has a 52 week low of $12.40 and a 52 week high of $28.26. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of 10.68, a PEG ratio of 0.30 and a beta of 1.38. The company has a debt-to-equity ratio of 2.27, a quick ratio of 0.54 and a current ratio of 1.19.

Capri (NYSE:CPRI) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.67 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.27. The firm had revenue of $769.00 million for the quarter, compared to analyst estimates of $757.61 million. Capri had a net margin of 4.44% and a return on equity of 297.36%. The company’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.50 earnings per share. Capri has set its Q2 2027 guidance at 0.200-0.200 EPS and its FY 2027 guidance at 2.150-2.150 EPS. On average, research analysts predict that Capri Holdings Limited will post 2.11 earnings per share for the current fiscal year.

About Capri

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.