Cinctive Capital Management LP Sells 93,736 Shares of Capri Holdings Limited $CPRI

Cinctive Capital Management LP decreased its position in shares of Capri Holdings Limited (NYSE:CPRI) by 27.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 248,919 shares of the company’s stock after selling 93,736 shares during the quarter. Cinctive Capital Management LP’s holdings in Capri were worth $4,958,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CPRI. Vontobel Holding Ltd. lifted its holdings in shares of Capri by 105.6% during the 3rd 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. boosted its position in shares of Capri by 107.1% during the 3rd 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 in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its stake 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 acquiring an additional 68,993 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in Capri in the third quarter valued at approximately $2,173,000. Finally, AXQ Capital LP raised its position in Capri by 67.7% during the second 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 in the last quarter. 84.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Capri

In other news, CEO John D. Idol bought 55,000 shares of the company’s stock in a transaction on Wednesday, March 11th. The stock was purchased at an average cost of $17.98 per share, for a total transaction of $988,900.00. Following the completion of the transaction, the chief executive officer owned 2,257,645 shares of the company’s stock, valued at $40,592,457.10. This trade represents a 2.50% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 2.30% of the stock is currently owned by insiders.

Capri Stock Performance

Shares of Capri stock opened at $18.59 on Monday. The company’s 50 day moving average price is $21.90 and its two-hundred day moving average price is $22.35. The firm has a market capitalization 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 fifty-two week low of $11.86 and a fifty-two week 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 announced its quarterly earnings results on Tuesday, February 3rd. The company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $999.84 million. During the same period in the prior year, the company earned $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. On average, equities analysts forecast that Capri Holdings Limited will post 0.98 earnings per share for the current fiscal year.

Analyst Ratings Changes

CPRI has been the subject of several recent analyst reports. Citigroup upgraded Capri from a “buy” rating to a “mixed” rating in a research note on Tuesday, January 20th. Guggenheim raised Capri to a “strong-buy” rating in a report on Wednesday, December 10th. TD Cowen restated a “buy” rating on shares of Capri in a research report on Wednesday, February 4th. Zacks Research lowered Capri from a “strong-buy” rating to a “hold” rating in a research note on Friday, December 5th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $23.00 target price on shares of Capri in a research report on Tuesday, February 3rd. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Capri currently has an average rating of “Hold” and an average price target 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.