Capri (NYSE:CPRI) Insider Jenna Hendricks Sells 63,725 Shares of Stock

Capri Holdings Limited (NYSE:CPRI) insider Jenna Hendricks sold 63,725 shares of the company’s stock in a transaction that occurred on Thursday, November 12th. The shares were sold at an average price of $20.73, for a total value of $1,321,019.25. Following the transaction, the insider owned 38,186 shares of the company’s stock, valued at approximately $791,595.78. This represents a 62.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Capri Trading Up 5.3%

NYSE:CPRI traded up $1.07 during trading hours on Friday, hitting $21.45. The company had a trading volume of 3,423,957 shares, compared to its average volume of 3,584,308. The company has a market capitalization of $2.22 billion, a PE ratio of 12.12, a price-to-earnings-growth ratio of 0.43 and a beta of 1.27. The stock has a 50-day moving average price of $15.98 and a 200 day moving average price of $17.71. Capri Holdings Limited has a 52 week low of $12.40 and a 52 week high of $28.26. The company has a debt-to-equity ratio of 6.31, a current ratio of 1.18 and a quick ratio of 0.50.

Capri (NYSE:CPRI) last issued its quarterly earnings data on Saturday, October 31st. The company reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.21. Capri had a net margin of 6.12% and a return on equity of 242.96%. The business had revenue of $809.00 million for the quarter, compared to the consensus estimate of $786.55 million. During the same period in the previous year, the firm earned ($0.03) EPS. The company’s quarterly revenue was down 5.5% compared to the same quarter last year. On average, equities research analysts predict that Capri Holdings Limited will post 2.18 EPS for the current fiscal year.

Hedge Funds Weigh In On Capri

Institutional investors have recently added to or reduced their stakes in the company. Segall Bryant & Hamill LLC lifted its position in Capri by 92.6% during the first quarter. Segall Bryant & Hamill LLC now owns 2,734,735 shares of the company’s stock valued at $48,186,000 after buying an additional 1,314,611 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Capri by 34.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,165,618 shares of the company’s stock worth $38,154,000 after buying an additional 557,955 shares during the period. Cooper Creek Partners Management LLC bought a new position in shares of Capri in the 1st quarter worth about $23,784,000. Penn Capital Management Company LLC grew its holdings in Capri by 23.8% in the third quarter. Penn Capital Management Company LLC now owns 1,177,562 shares of the company’s stock worth $16,653,000 after purchasing an additional 226,159 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings in Capri by 15.6% in the first quarter. Allspring Global Investments Holdings LLC now owns 640,980 shares of the company’s stock worth $11,518,000 after purchasing an additional 86,361 shares during the period. Institutional investors own 84.34% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CPRI. The Goldman Sachs Group boosted their price target on shares of Capri from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, November 2nd. Jefferies Financial Group set a $18.00 price target on shares of Capri and gave the stock a “hold” rating in a research note on Thursday. Weiss Ratings restated a “sell (d)” rating on shares of Capri in a report on Tuesday, August 25th. UBS Group lifted their price objective on Capri from $17.00 to $19.00 and gave the company a “neutral” rating in a research report on Monday, November 2nd. Finally, TD Cowen started coverage on Capri in a research report on Friday, October 30th. They set a “hold” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $22.13.

Capri Company Profile

Capri Holdings Limited is a global fashion group focused on designing, marketing and distributing luxury apparel, footwear, handbags, accessories and related products. Its portfolio includes Michael Kors and Jimmy Choo, whose products are sold through company-operated stores, e-commerce platforms and wholesale partners. The company serves customers in markets around the world, including North America, Europe and Asia. Its brands offer a range of products, including ready-to-wear clothing, shoes, bags, watches, eyewear, jewelry and fragrances.