Cartenna Capital LP Buys New Holdings in Capri Holdings Limited $CPRI

Cartenna Capital LP purchased a new stake in shares of Capri Holdings Limited (NYSE:CPRI) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,475,000 shares of the company’s stock, valued at approximately $29,382,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bridgefront Capital LLC purchased a new position in shares of Capri in the 3rd quarter worth about $542,000. Bank of America Corp DE grew its holdings in shares of Capri by 10.3% during the 3rd quarter. Bank of America Corp DE now owns 765,097 shares of the company’s stock worth $15,241,000 after purchasing an additional 71,248 shares during the period. Boothbay Fund Management LLC purchased a new stake in shares of Capri during the 3rd quarter worth about $3,931,000. Algert Global LLC acquired a new stake in Capri during the 3rd quarter worth approximately $3,568,000. Finally, Creative Planning acquired a new stake in Capri during the 3rd quarter worth approximately $313,000. 84.34% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO John D. Idol acquired 55,000 shares of the business’s 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 completion of the purchase, the chief executive officer directly owned 2,257,645 shares of the company’s stock, valued at $40,592,457.10. This represents a 2.50% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.30% of the stock is currently owned by corporate insiders.

Capri Price Performance

Shares of CPRI stock opened at $18.59 on Friday. The firm has a fifty day moving average of $21.90 and a two-hundred day moving average of $22.35. The firm has a market cap of $2.22 billion, a P/E ratio of -4.36, a P/E/G ratio of 0.38 and a beta of 1.45. Capri Holdings Limited has a 1-year low of $11.86 and a 1-year high of $28.26. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.14 and a quick ratio of 0.52.

Capri (NYSE:CPRI) last issued its earnings results on Tuesday, February 3rd. The company reported $0.81 earnings per share (EPS) for the quarter, beating 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 business 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 company’s revenue for the quarter was down 4.0% on a year-over-year basis. Capri has set its FY 2026 guidance at 1.300-1.400 EPS. As a group, research analysts anticipate that Capri Holdings Limited will post 0.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CPRI. The Goldman Sachs Group reduced their price target on shares of Capri from $27.00 to $24.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 4th. Sanford C. Bernstein reissued a “market perform” rating and issued a $24.00 price objective on shares of Capri in a research report on Tuesday, January 6th. Barclays raised their target price on shares of Capri from $31.00 to $32.00 and gave the company an “overweight” rating in a research note 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. Finally, BTIG Research reiterated a “buy” rating and issued a $30.00 price target on shares of Capri in a report on Friday, January 30th. One 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. Based on data from MarketBeat, Capri currently has a consensus rating of “Hold” and an average target price of $26.46.

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.