John Idol Buys 55,000 Shares of Capri (NYSE:CPRI) Stock

Capri Holdings Limited (NYSE:CPRI) CEO John Idol purchased 55,000 shares of the stock in a transaction dated Wednesday, March 11th. The shares were acquired at an average cost of $17.98 per share, for a total transaction of $988,900.00. Following the completion of the acquisition, the chief executive officer directly owned 2,257,645 shares of the company’s stock, valued at approximately $40,592,457.10. This trade represents a 2.50% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Capri Stock Performance

CPRI stock opened at $18.32 on Friday. The company has a 50-day simple moving average of $22.02 and a 200 day simple moving average of $22.36. The company has a market capitalization of $2.18 billion, a P/E ratio of -4.30, a PEG ratio of 0.37 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 Holdings Limited has a fifty-two week low of $11.86 and a fifty-two week high of $28.26.

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

Hedge Funds Weigh In On Capri

Several institutional investors and hedge funds have recently modified their holdings of CPRI. Corient Private Wealth LLC purchased a new position in Capri in the fourth quarter valued at about $201,000. Caitong International Asset Management Co. Ltd raised its holdings in Capri by 273.9% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,236 shares of the company’s stock worth $55,000 after acquiring an additional 1,638 shares during the period. MidFirst Bank acquired a new position in shares of Capri during the 4th quarter worth about $77,000. Pacer Advisors Inc. lifted its holdings in shares of Capri by 136.5% during the fourth quarter. Pacer Advisors Inc. now owns 37,099 shares of the company’s stock worth $905,000 after buying an additional 21,410 shares during the last quarter. Finally, Dean Capital Management raised its stake in Capri by 9.9% during the 4th quarter. Dean Capital Management now owns 80,970 shares of the company’s stock valued at $1,976,000 after purchasing an additional 7,280 shares during the last quarter. 84.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CPRI has been the subject of a number of research analyst reports. BTIG Research restated a “buy” rating and issued a $30.00 target price on shares of Capri in a research report on Friday, January 30th. Citigroup upgraded Capri from a “buy” rating to a “mixed” rating in a report on Tuesday, January 20th. Wells Fargo & Company lowered their target price on Capri from $27.00 to $21.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 4th. UBS Group reissued a “neutral” rating and issued a $22.00 price target on shares of Capri in a report on Wednesday, February 4th. Finally, Robert W. Baird raised shares of Capri from a “neutral” rating to an “outperform” rating and set a $26.00 price objective on the stock in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Capri currently has an average rating of “Hold” and an average target price 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.