Norges Bank Makes New Investment in Capri Holdings Limited $CPRI

Norges Bank bought a new position in Capri Holdings Limited (NYSE:CPRI) in the fourth quarter, HoldingsChannel.com reports. The firm bought 2,058,514 shares of the company’s stock, valued at approximately $50,228,000.

A number of other large investors have also recently added to or reduced their stakes in CPRI. Royal Bank of Canada grew its position in Capri by 70.0% in the first quarter. Royal Bank of Canada now owns 380,838 shares of the company’s stock valued at $7,514,000 after purchasing an additional 156,757 shares in the last quarter. Integrated Wealth Concepts LLC grew its holdings in shares of Capri by 48.8% in the 1st quarter. Integrated Wealth Concepts LLC now owns 20,120 shares of the company’s stock valued at $397,000 after acquiring an additional 6,595 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Capri by 13.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,034 shares of the company’s stock valued at $218,000 after acquiring an additional 1,313 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Capri by 22.4% in the first quarter. Goldman Sachs Group Inc. now owns 764,509 shares of the company’s stock valued at $15,084,000 after acquiring an additional 139,809 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in Capri by 23.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 422,561 shares of the company’s stock worth $8,337,000 after acquiring an additional 80,928 shares in the last quarter. Institutional investors own 84.34% of the company’s stock.

Insider Buying and Selling at Capri

In related news, CEO John D. Idol bought 55,000 shares of the company’s stock in a transaction dated Wednesday, March 11th. The stock was purchased at an average price of $17.98 per share, with a total value of $988,900.00. Following the completion of the acquisition, the chief executive officer owned 2,257,645 shares of the company’s stock, valued at $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 Securities & Exchange Commission, which is available through the SEC website. 2.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CPRI. Raymond James Financial reiterated an “outperform” rating and set a $22.00 price objective on shares of Capri in a research note on Thursday, May 28th. BTIG Research reissued a “buy” rating and issued a $30.00 target price on shares of Capri in a research note on Thursday, May 28th. Wells Fargo & Company lowered their target price on shares of Capri from $21.00 to $20.00 and set an “equal weight” rating on the stock in a report on Thursday, May 28th. Barclays cut their price target on shares of Capri from $32.00 to $24.00 and set an “overweight” rating for the company in a research note on Wednesday, April 8th. Finally, UBS Group decreased their price objective on shares of Capri from $22.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Capri has an average rating of “Hold” and an average price target of $24.79.

Capri Stock Performance

NYSE:CPRI opened at $18.86 on Monday. The stock has a 50 day simple moving average of $18.83 and a 200 day simple moving average of $21.38. The stock has a market cap of $2.17 billion, a P/E ratio of 16.54, a PEG 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 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 earnings results on Wednesday, May 27th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.11. The firm had revenue of $796.00 million for the quarter, compared to analyst estimates of $800.04 million. Capri had a net margin of 3.94% and a return on equity of 664.22%. The business’s revenue was down 23.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($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. Research analysts anticipate that Capri Holdings Limited will post 2.05 earnings per share for the current year.

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.