Segall Bryant & Hamill LLC Acquires 1,314,611 Shares of Capri Holdings Limited $CPRI

Segall Bryant & Hamill LLC boosted its stake in Capri Holdings Limited (NYSE:CPRI) by 92.6% during the first quarter, Holdings Channel.com reports. The firm owned 2,734,735 shares of the company’s stock after buying an additional 1,314,611 shares during the period. Capri accounts for about 0.6% of Segall Bryant & Hamill LLC’s portfolio, making the stock its 24th largest position. Segall Bryant & Hamill LLC’s holdings in Capri were worth $48,186,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada increased its holdings in Capri by 70.0% during the 1st 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 during the period. Integrated Wealth Concepts LLC grew its holdings in Capri by 48.8% in the first quarter. Integrated Wealth Concepts LLC now owns 20,120 shares of the company’s stock worth $397,000 after purchasing an additional 6,595 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Capri by 13.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 11,034 shares of the company’s stock worth $218,000 after purchasing an additional 1,313 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Capri by 22.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 764,509 shares of the company’s stock valued at $15,084,000 after purchasing 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 shares of 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 valued at $8,337,000 after purchasing an additional 80,928 shares during the last quarter. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Capri Stock Performance

Shares of CPRI stock opened at $15.96 on Friday. The business has a 50-day simple moving average of $18.29 and a 200-day simple moving average of $19.46. Capri Holdings Limited has a 52-week low of $15.19 and a 52-week high of $28.26. The stock has a market cap of $1.83 billion, a PE ratio of 14.00, a price-to-earnings-growth ratio of 0.29 and a beta of 1.39. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 4.08.

Capri (NYSE:CPRI) last released its quarterly earnings results on Thursday, May 28th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.11 by $0.11. Capri had a net margin of 3.94% and a return on equity of 664.22%. The company had revenue of $796.00 million for the quarter, compared to analyst estimates of $800.04 million. During the same quarter last year, the business earned ($4.90) earnings per share. The firm’s revenue was down 23.1% on a year-over-year basis. On average, equities analysts expect that Capri Holdings Limited will post 2.06 EPS for the current year.

Analyst Ratings Changes

Several research analysts have weighed in on CPRI shares. Weiss Ratings upgraded shares of Capri from a “sell (e+)” rating to a “sell (d)” rating in a research report on Thursday, May 28th. BTIG Research reiterated a “buy” rating and issued a $30.00 target price on shares of Capri in a report on Thursday, May 28th. Wells Fargo & Company reduced their target price on Capri from $20.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 15th. Bank of America decreased their price objective on Capri from $23.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, May 28th. Finally, JPMorgan Chase & Co. dropped their price objective on Capri from $31.00 to $29.00 and set an “overweight” rating on the stock in a research report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Capri currently has a consensus rating of “Hold” and a consensus price target of $23.80.

Insiders Place Their Bets

In other Capri news, Director Stephen F. Reitman sold 17,981 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $19.42, for a total value of $349,191.02. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.60% of the company’s stock.

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.