Cinctive Capital Management LP Sells 93,736 Shares of Capri Holdings Limited $CPRI

Cinctive Capital Management LP cut its holdings in shares of Capri Holdings Limited (NYSE:CPRI) by 27.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 248,919 shares of the company’s stock after selling 93,736 shares during the quarter. Cinctive Capital Management LP owned about 0.21% of Capri worth $4,958,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CPRI. Arizona State Retirement System lifted its holdings in Capri by 1.4% during the 3rd quarter. Arizona State Retirement System now owns 34,894 shares of the company’s stock valued at $695,000 after purchasing an additional 483 shares during the last quarter. Amalgamated Bank increased its holdings in shares of Capri by 1.2% in the third quarter. Amalgamated Bank now owns 52,398 shares of the company’s stock valued at $1,044,000 after purchasing an additional 616 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of Capri by 17.0% in the third quarter. Nisa Investment Advisors LLC now owns 4,349 shares of the company’s stock valued at $87,000 after purchasing an additional 632 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in shares of Capri by 3.7% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 20,223 shares of the company’s stock valued at $403,000 after purchasing an additional 725 shares during the period. Finally, California State Teachers Retirement System lifted its stake in shares of Capri by 0.7% during the 2nd quarter. California State Teachers Retirement System now owns 108,789 shares of the company’s stock worth $1,926,000 after buying an additional 734 shares during the last quarter. Institutional investors own 84.34% of the company’s stock.

Analyst Upgrades and Downgrades

CPRI has been the subject of several research analyst reports. Zacks Research downgraded shares of Capri from a “strong-buy” rating to a “hold” rating in a report on Friday, December 5th. The Goldman Sachs Group cut their price objective on shares of Capri from $27.00 to $24.00 and set a “neutral” rating for the company in a research report on Wednesday, February 4th. Wells Fargo & Company reduced their price objective on Capri from $27.00 to $21.00 and set an “equal weight” rating for the company in a report on Wednesday, February 4th. UBS Group reaffirmed a “neutral” rating and issued a $22.00 target price on shares of Capri in a research report on Wednesday, February 4th. Finally, Barclays increased their target price on Capri from $31.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 4th. One equities research 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 presently has a consensus rating of “Hold” and an average target price of $26.46.

Insider Transactions at Capri

In related news, CEO John D. Idol acquired 55,000 shares of the stock in a transaction on Wednesday, March 11th. The shares were purchased at an average price of $17.98 per share, for a total transaction of $988,900.00. Following the purchase, the chief executive officer directly owned 2,257,645 shares in the company, valued at approximately $40,592,457.10. The trade was a 2.50% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.30% of the stock is owned by corporate insiders.

Capri Price Performance

Shares of Capri stock opened at $18.59 on Monday. The company has a quick ratio of 0.52, a current ratio of 1.14 and a debt-to-equity ratio of 2.07. The stock has a market capitalization of $2.22 billion, a price-to-earnings ratio of -4.36, a price-to-earnings-growth ratio of 0.38 and a beta of 1.45. Capri Holdings Limited has a twelve month low of $11.86 and a twelve month high of $28.26. The company has a 50-day simple moving average of $21.90 and a two-hundred day simple moving average of $22.35.

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