Capri (NYSE:CPRI) Director Stephen Reitman Sells 17,981 Shares of Stock

Capri Holdings Limited (NYSE:CPRI) Director Stephen Reitman sold 17,981 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $19.42, for a total transaction of $349,191.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Capri Price Performance

Capri stock opened at $19.97 on Wednesday. Capri Holdings Limited has a 12-month low of $16.22 and a 12-month high of $28.26. The stock has a market capitalization of $2.30 billion, a P/E ratio of 17.52, a P/E/G ratio of 0.36 and a beta of 1.40. The firm’s 50-day moving average is $18.92 and its two-hundred day moving average is $21.35. The company has a debt-to-equity ratio of 4.08, a current ratio of 1.21 and a quick ratio of 0.60.

Capri (NYSE:CPRI) last released its quarterly earnings results on Wednesday, May 27th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.11. Capri had a net margin of 3.94% and a return on equity of 664.22%. The company had revenue of $796.00 million for the quarter, compared to analysts’ expectations of $800.04 million. During the same period last year, the company earned ($4.90) EPS. The firm’s revenue for the quarter was down 23.1% compared to the same quarter last year. Capri has set its FY 2027 guidance at 2.150-2.150 EPS and its Q1 2027 guidance at 0.400-0.400 EPS. Equities analysts predict that Capri Holdings Limited will post 2.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

CPRI has been the topic of several recent analyst reports. UBS Group cut their price objective on shares of Capri from $22.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday, May 28th. BTIG Research reiterated a “buy” rating and set a $30.00 price objective on shares of Capri in a report on Thursday, May 28th. JPMorgan Chase & Co. cut their price objective on shares of Capri from $31.00 to $29.00 and set an “overweight” rating on the stock in a report on Thursday, May 28th. Bank of America cut their price objective on shares of Capri from $23.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday, May 28th. Finally, Barclays cut their price objective on shares of Capri from $32.00 to $24.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Capri currently has a consensus rating of “Hold” and an average price target of $24.79.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CPRI. Arrowstreet Capital Limited Partnership purchased a new position in Capri in the fourth quarter valued at approximately $53,759,000. Norges Bank purchased a new stake in shares of Capri during the fourth quarter valued at approximately $50,228,000. Cartenna Capital LP purchased a new stake in shares of Capri during the third quarter valued at approximately $29,382,000. Cooper Creek Partners Management LLC purchased a new stake in shares of Capri during the first quarter valued at approximately $23,784,000. Finally, Segall Bryant & Hamill LLC raised its stake in shares of 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 purchasing an additional 1,314,611 shares during the period. Hedge funds and other institutional investors own 84.34% 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.