BNP Paribas Financial Markets Boosts Stake in Capri Holdings Limited $CPRI

BNP Paribas Financial Markets lifted its position in shares of Capri Holdings Limited (NYSE:CPRI) by 74.0% during the 4th quarter, HoldingsChannel reports. The fund owned 785,600 shares of the company’s stock after purchasing an additional 334,107 shares during the period. BNP Paribas Financial Markets’ holdings in Capri were worth $19,169,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Norges Bank purchased a new stake in shares of Capri during the 4th quarter worth about $50,228,000. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Capri by 8.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 11,126 shares of the company’s stock worth $271,000 after acquiring an additional 880 shares in the last quarter. Penn Capital Management Company LLC boosted its stake in shares of Capri by 3,220.9% during the 4th quarter. Penn Capital Management Company LLC now owns 405,546 shares of the company’s stock worth $9,919,000 after acquiring an additional 393,334 shares in the last quarter. Royce & Associates LP boosted its stake in shares of Capri by 10.9% during the 4th quarter. Royce & Associates LP now owns 273,960 shares of the company’s stock worth $6,685,000 after acquiring an additional 27,000 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Capri by 1.5% during the 4th quarter. Legal & General Group Plc now owns 190,695 shares of the company’s stock worth $4,653,000 after acquiring an additional 2,887 shares in the last quarter. 84.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on CPRI shares. JPMorgan Chase & Co. lowered their target price on shares of Capri from $31.00 to $29.00 and set an “overweight” rating on the stock in a research note on Thursday, May 28th. BTIG Research reaffirmed a “buy” rating and issued a $30.00 price target on shares of Capri in a research note on Thursday, May 28th. Wells Fargo & Company decreased their price target on shares of Capri from $21.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 28th. Barclays decreased their price target on shares of Capri from $32.00 to $24.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 8th. Finally, Telsey Advisory Group decreased their price target on shares of Capri from $23.00 to $21.00 and set a “market perform” rating on the stock in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $24.79.

Capri Stock Up 0.2%

CPRI stock opened at $18.86 on Friday. The company has a market cap of $2.17 billion, a price-to-earnings ratio of 16.54, a PEG ratio of 0.35 and a beta of 1.40. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 4.08. Capri Holdings Limited has a 12 month low of $16.22 and a 12 month high of $28.26. The firm has a 50-day moving average of $18.83 and a two-hundred day moving average of $21.39.

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

Insider Buying and Selling

In other Capri news, CEO John D. Idol acquired 55,000 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was bought at an average price of $17.98 per share, for a total transaction of $988,900.00. Following the acquisition, the chief executive officer owned 2,257,645 shares in the company, valued at approximately $40,592,457.10. The trade was a 2.50% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 2.30% of the company’s stock.

Capri 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.