Boothbay Fund Management LLC Invests $3.93 Million in Capri Holdings Limited $CPRI

Boothbay Fund Management LLC purchased a new stake in shares of Capri Holdings Limited (NYSE:CPRI) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 197,329 shares of the company’s stock, valued at approximately $3,931,000. Boothbay Fund Management LLC owned about 0.17% of Capri at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of CPRI. Vontobel Holding Ltd. grew its position in Capri by 105.6% in the third quarter. Vontobel Holding Ltd. now owns 127,029 shares of the company’s stock worth $2,530,000 after acquiring an additional 65,259 shares during the period. Federated Hermes Inc. increased its stake in Capri by 107.1% during the third quarter. Federated Hermes Inc. now owns 719,109 shares of the company’s stock worth $14,325,000 after acquiring an additional 371,903 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in Capri by 1,363.5% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 74,053 shares of the company’s stock valued at $1,475,000 after purchasing an additional 68,993 shares during the period. AXQ Capital LP lifted its stake in shares of Capri by 67.7% in the 2nd quarter. AXQ Capital LP now owns 44,387 shares of the company’s stock valued at $786,000 after purchasing an additional 17,913 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Capri in the 3rd quarter valued at $2,173,000. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Capri Price Performance

CPRI opened at $18.37 on Tuesday. The stock’s 50-day moving average price is $21.78 and its 200 day moving average price is $22.33. Capri Holdings Limited has a 12-month low of $11.86 and a 12-month high of $28.26. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of -4.31, a PEG ratio of 0.38 and a beta of 1.45. The company has a current ratio of 1.14, a quick ratio of 0.52 and a debt-to-equity ratio of 2.07.

Capri (NYSE:CPRI) last released its earnings results on Tuesday, February 3rd. The company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.03. Capri had a negative return on equity of 430.23% and a negative net margin of 13.57%.The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $999.84 million. During the same period in the previous year, the company posted $0.63 EPS. Capri’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. As a group, sell-side analysts expect that Capri Holdings Limited will post 0.98 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Sanford C. Bernstein reissued a “market perform” rating and set a $24.00 price objective on shares of Capri in a research report on Tuesday, January 6th. Citigroup raised shares of Capri from a “buy” rating to a “mixed” rating in a research report on Tuesday, January 20th. UBS Group reiterated a “neutral” rating and set a $22.00 price target on shares of Capri in a research report on Wednesday, February 4th. BTIG Research reissued a “buy” rating and issued a $30.00 price target on shares of Capri in a research note on Friday, January 30th. Finally, Robert W. Baird upgraded shares of Capri from a “neutral” rating to an “outperform” rating and set a $26.00 price objective on the stock in a report on Wednesday, February 4th. One investment 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 assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $26.46.

Insider Activity

In other news, CEO John D. Idol bought 55,000 shares of Capri stock in a transaction that occurred on Wednesday, March 11th. The shares were purchased at an average price of $17.98 per share, with a total value of $988,900.00. Following the completion of the acquisition, the chief executive officer directly owned 2,257,645 shares in the company, valued at $40,592,457.10. The trade was a 2.50% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.30% of the company’s stock.

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.