Primecap Management Co. CA Sells 262,520 Shares of Capri Holdings Limited $CPRI

Primecap Management Co. CA decreased its holdings in shares of Capri Holdings Limited (NYSE:CPRI) by 5.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,952,884 shares of the company’s stock after selling 262,520 shares during the quarter. Primecap Management Co. CA’s holdings in Capri were worth $98,661,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp boosted its stake in shares of Capri by 19.3% during the 2nd 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 during the last quarter. Norges Bank bought a new stake in Capri during the second quarter worth about $55,906,000. Geode Capital Management LLC boosted its position in Capri by 42.2% during the second quarter. Geode Capital Management LLC now owns 2,882,813 shares of the company’s stock valued at $51,032,000 after purchasing an additional 855,330 shares during the last quarter. American Century Companies Inc. grew its stake in Capri by 11.2% in the second quarter. American Century Companies Inc. now owns 2,269,089 shares of the company’s stock valued at $40,163,000 after purchasing an additional 229,202 shares in the last quarter. Finally, Allianz Asset Management GmbH increased its position in shares of Capri by 51.9% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,762,170 shares of the company’s stock worth $35,102,000 after purchasing an additional 602,123 shares during the last quarter. 84.34% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Rajal Mehta sold 10,000 shares of the company’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 directly owned 741 shares in the company, valued at approximately $19,236.36. This represents a 93.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.30% of the stock is owned by corporate insiders.

Capri Stock Performance

NYSE CPRI opened at $20.77 on Friday. The firm has a 50-day moving average price of $23.22 and a two-hundred day moving average price of $22.49. Capri Holdings Limited has a 12-month low of $11.86 and a 12-month high of $28.26. The company has a market capitalization of $2.47 billion, a P/E ratio of -4.88, a P/E/G ratio of 0.42 and a beta of 1.45. The company has a quick ratio of 0.52, a current ratio of 1.14 and a debt-to-equity ratio of 2.07.

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

Analysts Set New Price Targets

Several research firms have recently commented on CPRI. Robert W. Baird raised Capri from a “neutral” rating to an “outperform” rating and set a $26.00 price objective for the company in a report on Wednesday, February 4th. UBS Group reaffirmed a “neutral” rating and set a $22.00 price target on shares of Capri in a research report on Wednesday, February 4th. TD Cowen reissued a “buy” rating on shares of Capri in a research report on Wednesday, February 4th. Sanford C. Bernstein restated a “market perform” rating and set a $24.00 price objective on shares of Capri in a research note on Tuesday, January 6th. Finally, The Goldman Sachs Group dropped their target price on shares of Capri from $27.00 to $24.00 and set a “neutral” rating on the stock in a report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $26.46.

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.