CenterBook Partners LP Invests $529,000 in Capri Holdings Limited $CPRI

CenterBook Partners LP purchased a new position in Capri Holdings Limited (NYSE:CPRI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 26,532 shares of the company’s stock, valued at approximately $529,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its stake in shares of Capri by 70.0% in the 1st quarter. Royal Bank of Canada now owns 380,838 shares of the company’s stock valued at $7,514,000 after purchasing an additional 156,757 shares in the last quarter. Integrated Wealth Concepts LLC boosted its position in Capri by 48.8% in the first quarter. Integrated Wealth Concepts LLC now owns 20,120 shares of the company’s stock valued at $397,000 after buying an additional 6,595 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew 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 buying an additional 1,313 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of 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 buying an additional 139,809 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Capri by 23.7% in 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 valued at $8,337,000 after acquiring an additional 80,928 shares during the last quarter. Institutional investors own 84.34% of the company’s stock.

Insiders Place Their Bets

In other Capri news, CFO Rajal Mehta sold 10,000 shares of the firm’s stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $25.96, for a total transaction of $259,600.00. Following the completion of the sale, the chief financial officer owned 741 shares of the company’s stock, valued at $19,236.36. This trade represents a 93.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 2.30% of the company’s stock.

Analyst Upgrades and Downgrades

CPRI has been the topic of several research analyst reports. Jefferies Financial Group started coverage on Capri in a report on Wednesday, January 14th. They set a “hold” rating and a $24.00 target price on the stock. UBS Group reissued a “neutral” rating and set a $22.00 price objective on shares of Capri in a report on Wednesday, February 4th. Citigroup raised shares of Capri from a “buy” rating to a “mixed” rating in a research note on Tuesday, January 20th. Telsey Advisory Group reissued a “market perform” rating and issued a $23.00 price target on shares of Capri in a report on Tuesday, February 3rd. Finally, The Goldman Sachs Group reduced their price objective on Capri from $27.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday, February 4th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Capri currently has an average rating of “Hold” and a consensus price target of $26.46.

Capri Stock Up 3.9%

CPRI stock opened at $22.18 on Friday. The business has a 50-day moving average of $23.63 and a 200-day moving average of $22.50. Capri Holdings Limited has a fifty-two week low of $11.86 and a fifty-two week high of $28.26. The stock has a market capitalization of $2.64 billion, a P/E ratio of -5.21, a P/E/G ratio of 0.45 and a beta of 1.45. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.14 and a quick ratio of 0.52.

Capri (NYSE:CPRI) last released its quarterly earnings results on Tuesday, February 3rd. The company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.03. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $999.84 million. Capri had a negative return on equity of 430.23% and a negative net margin of 13.57%.The business’s revenue was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.63 EPS. Capri has set its FY 2026 guidance at 1.300-1.400 EPS. On average, sell-side analysts anticipate that Capri Holdings Limited will post 0.98 earnings per share for the current fiscal year.

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.