CenterBook Partners LP Invests $529,000 in Capri Holdings Limited $CPRI

CenterBook Partners LP purchased a new stake in Capri Holdings Limited (NYSE:CPRI) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 26,532 shares of the company’s stock, valued at approximately $529,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of Capri during the second quarter worth approximately $55,906,000. Geode Capital Management LLC increased its holdings in Capri by 42.2% in the 2nd quarter. Geode Capital Management LLC now owns 2,882,813 shares of the company’s stock valued at $51,032,000 after buying an additional 855,330 shares during the period. State Street Corp raised its position in shares of Capri by 19.3% in the 2nd quarter. State Street Corp now owns 4,479,231 shares of the company’s stock valued at $79,282,000 after buying an additional 724,967 shares in the last quarter. Fisher Asset Management LLC increased its stake in Capri by 214.1% in the second quarter. Fisher Asset Management LLC now owns 978,770 shares of the company’s stock valued at $17,324,000 after acquiring an additional 667,116 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in Capri by 51.9% during the third quarter. Allianz Asset Management GmbH now owns 1,762,170 shares of the company’s stock worth $35,102,000 after purchasing an additional 602,123 shares during the last quarter. Institutional investors and hedge funds own 84.34% of the company’s stock.

Capri Stock Performance

Shares of CPRI opened at $22.18 on Friday. Capri Holdings Limited has a one year low of $11.86 and a one year high of $28.26. The company has a market cap of $2.64 billion, a PE ratio of -5.21, a P/E/G ratio of 0.45 and a beta of 1.45. The stock has a 50-day moving average of $23.63 and a 200-day moving average of $22.50. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.14 and a quick ratio of 0.52.

Capri (NYSE:CPRI) last released its quarterly earnings data on Tuesday, February 3rd. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.78 by $0.03. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $999.84 million. Capri had a negative return on equity of 430.23% and a negative net margin of 13.57%.The company’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.63 earnings per share. Capri has set its FY 2026 guidance at 1.300-1.400 EPS. On average, equities research analysts predict that Capri Holdings Limited will post 0.98 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CPRI. TD Cowen restated a “buy” rating on shares of Capri in a research report on Wednesday, February 4th. Jefferies Financial Group assumed coverage on Capri in a research report on Wednesday, January 14th. They set a “hold” rating and a $24.00 price objective on the stock. BTIG Research reissued a “buy” rating and set a $30.00 price target on shares of Capri in a research note on Friday, January 30th. Guggenheim raised Capri to a “strong-buy” rating in a research note on Wednesday, December 10th. Finally, UBS Group restated a “neutral” rating and issued a $22.00 price target on shares of Capri in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $26.46.

Insiders Place Their Bets

In related news, CFO Rajal Mehta sold 10,000 shares of the stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $25.96, for a total value of $259,600.00. Following the sale, the chief financial officer owned 741 shares in the company, valued at approximately $19,236.36. This trade represents a 93.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 2.30% 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.