Capri Holdings Limited (NYSE:CPRI) Shares Sold by Swiss National Bank

Posted by on May 13th, 2023

Swiss National Bank lowered its stake in shares of Capri Holdings Limited (NYSE:CPRI – Get Rating) by 4.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 333,300 shares of the company’s stock after selling 16,700 shares during the quarter. Swiss National Bank owned about 0.26% of Capri worth $19,105,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Fox Run Management L.L.C. acquired a new stake in Capri during the 4th quarter worth about $336,000. Braun Stacey Associates Inc. boosted its position in Capri by 32.2% in the fourth quarter. Braun Stacey Associates Inc. now owns 109,026 shares of the company’s stock valued at $6,249,000 after buying an additional 26,525 shares during the last quarter. South Dakota Investment Council increased its holdings in Capri by 2.3% in the 4th quarter. South Dakota Investment Council now owns 314,963 shares of the company’s stock worth $18,054,000 after buying an additional 7,200 shares during the period. Pelham Capital Ltd. acquired a new position in Capri in the 4th quarter worth approximately $64,259,000. Finally, IFP Advisors Inc lifted its stake in Capri by 1,892.1% during the 4th quarter. IFP Advisors Inc now owns 17,311 shares of the company’s stock valued at $683,000 after acquiring an additional 16,442 shares during the period. 90.28% of the stock is owned by hedge funds and other institutional investors.

Capri Stock Performance

CPRI opened at $39.22 on Friday. The firm has a market capitalization of $4.93 billion, a PE ratio of 7.41, a PEG ratio of 1.01 and a beta of 2.27. The company has a current ratio of 1.34, a quick ratio of 0.57 and a debt-to-equity ratio of 0.68. Capri Holdings Limited has a twelve month low of $36.40 and a twelve month high of $69.25. The firm’s 50-day moving average price is $42.93 and its 200 day moving average price is $51.20.

Capri (NYSE:CPRI – Get Rating) last posted its quarterly earnings results on Wednesday, February 8th. The company reported $1.84 EPS for the quarter, missing the consensus estimate of $2.21 by ($0.37). The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.54 billion. Capri had a net margin of 12.66% and a return on equity of 36.64%. Capri’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.22 EPS. As a group, sell-side analysts expect that Capri Holdings Limited will post 6.09 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Telsey Advisory Group reissued a “market perform” rating and set a $70.00 target price on shares of Capri in a report on Wednesday, February 8th. Barclays lowered Capri from an “overweight” rating to an “equal weight” rating and set a $46.00 target price on the stock. in a report on Tuesday, May 2nd. Raymond James upgraded Capri from an “outperform” rating to a “strong-buy” rating and set a $60.00 price objective on the stock in a research report on Thursday, April 20th. TheStreet upgraded shares of Capri from a “c+” rating to a “b-” rating in a research note on Friday, February 10th. Finally, Morgan Stanley restated an “overweight” rating and issued a $55.00 price target (down previously from $58.00) on shares of Capri in a research note on Thursday, February 9th. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.07.

Capri Company Profile

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Capri Holdings Ltd. operates as a global fashion luxury group. It engages in the design and distribution of sportswear, accessories, footwear and apparel of branded women’s apparel and accessories and men’s apparel. The firm operates through the following segments: Versace, Jimmy Choo, and Michael Kors.

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Institutional Ownership by Quarter for Capri (NYSE:CPRI)

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