Norges Bank Acquires New Stake in Capri Holdings Limited $CPRI

Norges Bank purchased a new stake in Capri Holdings Limited (NYSE:CPRI) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 2,058,514 shares of the company’s stock, valued at approximately $50,228,000. Norges Bank owned about 1.73% of Capri at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Cartenna Capital LP purchased a new position in shares of Capri in the third quarter worth approximately $29,382,000. State Street Corp boosted its stake in Capri by 19.3% in the 2nd quarter. State Street Corp now owns 4,479,231 shares of the company’s stock worth $79,282,000 after purchasing an additional 724,967 shares during the period. Melqart Asset Management UK Ltd purchased a new position in Capri during the 3rd quarter worth approximately $11,619,000. Fisher Asset Management LLC grew its position in Capri by 58.2% during the 3rd quarter. Fisher Asset Management LLC now owns 1,547,997 shares of the company’s stock worth $30,836,000 after purchasing an additional 569,227 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in Capri during the 4th quarter valued at $13,527,000. Institutional investors and hedge funds own 84.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Bank of America dropped their price target on shares of Capri from $23.00 to $20.00 and set a “neutral” rating on the stock in a research note on Thursday, May 28th. JPMorgan Chase & Co. lowered their target price on Capri from $31.00 to $29.00 and set an “overweight” rating on the stock in a research note on Thursday, May 28th. Raymond James Financial reaffirmed an “outperform” rating and issued a $22.00 target price on shares of Capri in a research report on Thursday, May 28th. Wells Fargo & Company cut their price target on Capri from $21.00 to $20.00 and set an “equal weight” rating for the company in a research note on Thursday, May 28th. Finally, UBS Group lowered their price target on Capri from $22.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Capri has a consensus rating of “Hold” and a consensus price target of $24.79.

Insider Buying and Selling

In related news, CEO John D. Idol purchased 55,000 shares of the firm’s stock in a transaction dated Wednesday, March 11th. The shares were acquired at an average cost of $17.98 per share, with a total value 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 trade represents a 2.50% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.30% of the stock is currently owned by company insiders.

Capri Trading Down 0.1%

Shares of CPRI stock opened at $18.86 on Monday. The firm has a market capitalization of $2.17 billion, a P/E ratio of 16.54, a price-to-earnings-growth ratio of 0.35 and a beta of 1.40. Capri Holdings Limited has a 1 year low of $16.22 and a 1 year high of $28.26. The firm’s fifty day simple moving average is $18.83 and its 200 day simple moving average is $21.38. 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 (NYSE:CPRI) last announced its quarterly earnings data on Wednesday, May 27th. The company reported $0.22 EPS for the quarter, topping 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 return on equity of 664.22% and a net margin of 3.94%.The company’s quarterly revenue was down 23.1% on a year-over-year basis. During the same quarter last year, the company 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, sell-side analysts predict that Capri Holdings Limited will post 2.05 EPS for the current year.

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.