Citigroup Inc. Grows Stock Holdings in Capri Holdings Limited $CPRI

Citigroup Inc. lifted its stake in Capri Holdings Limited (NYSE:CPRI) by 27.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 149,864 shares of the company’s stock after buying an additional 31,943 shares during the period. Citigroup Inc. owned approximately 0.13% of Capri worth $2,985,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CPRI. Norges Bank purchased a new stake in Capri during the 2nd quarter worth approximately $55,906,000. Geode Capital Management LLC boosted its stake in shares of Capri by 42.2% during the 2nd quarter. Geode Capital Management LLC now owns 2,882,813 shares of the company’s stock valued at $51,032,000 after buying an additional 855,330 shares during the last quarter. State Street Corp grew its position in shares of Capri by 19.3% during the second quarter. State Street Corp now owns 4,479,231 shares of the company’s stock worth $79,282,000 after buying an additional 724,967 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of Capri by 214.1% in the second quarter. Fisher Asset Management LLC now owns 978,770 shares of the company’s stock worth $17,324,000 after buying an additional 667,116 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its stake in shares of Capri by 51.9% in the third quarter. Allianz Asset Management GmbH now owns 1,762,170 shares of the company’s stock worth $35,102,000 after buying an additional 602,123 shares during the last quarter. 84.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CPRI shares. Wells Fargo & Company dropped their target price on shares of Capri from $27.00 to $21.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 4th. UBS Group reiterated a “neutral” rating and issued a $22.00 price target on shares of Capri in a research note on Wednesday, February 4th. Barclays boosted their price objective on Capri from $31.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, February 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Capri in a report on Wednesday, January 21st. Finally, Robert W. Baird upgraded Capri from a “neutral” rating to an “outperform” rating and set a $26.00 target price for the company in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $26.46.

Insider Activity

In related news, CFO Rajal Mehta sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $25.96, for a total value of $259,600.00. Following the transaction, the chief financial officer directly owned 741 shares of the company’s stock, valued at approximately $19,236.36. This trade represents a 93.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.30% of the company’s stock.

Capri Price Performance

Shares of NYSE:CPRI opened at $17.92 on Friday. The company has a market capitalization of $2.13 billion, a PE ratio of -4.21, a price-to-earnings-growth ratio of 0.38 and a beta of 1.45. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.52 and a current ratio of 1.14. The stock has a fifty day moving average of $22.51 and a 200-day moving average of $22.42. Capri Holdings Limited has a one year low of $11.86 and a one year high of $28.26.

Capri (NYSE:CPRI) last announced its quarterly earnings data on Tuesday, February 3rd. The company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter was down 4.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.63 EPS. Capri has set its FY 2026 guidance at 1.300-1.400 EPS. As a group, equities analysts anticipate that Capri Holdings Limited will post 0.98 EPS for the current fiscal year.

About Capri

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.