SG Americas Securities LLC Purchases 46,446 Shares of Capri Holdings Limited $CPRI

SG Americas Securities LLC increased its position in shares of Capri Holdings Limited (NYSE:CPRI) by 14.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 369,719 shares of the company’s stock after buying an additional 46,446 shares during the period. SG Americas Securities LLC owned about 0.31% of Capri worth $6,514,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in CPRI. Rockefeller Capital Management L.P. raised its stake in Capri by 14.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 4,303 shares of the company’s stock worth $105,000 after buying an additional 555 shares in the last quarter. Corient Private Wealth LLC purchased a new stake in shares of Capri during the 4th quarter worth $201,000. Caitong International Asset Management Co. Ltd lifted its stake in shares of Capri by 273.9% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,236 shares of the company’s stock worth $55,000 after purchasing an additional 1,638 shares during the last quarter. MidFirst Bank bought a new stake in Capri during the fourth quarter valued at about $77,000. Finally, Pacer Advisors Inc. grew its stake in Capri by 136.5% in the fourth quarter. Pacer Advisors Inc. now owns 37,099 shares of the company’s stock valued at $905,000 after purchasing an additional 21,410 shares during the last quarter. 84.34% of the stock is currently owned by institutional investors.

Capri Trading Down 0.2%

Shares of NYSE:CPRI opened at $19.34 on Monday. Capri Holdings Limited has a 52-week low of $16.72 and a 52-week high of $28.26. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 0.35 and a beta of 1.40. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 4.08. The business has a 50-day moving average price of $19.23 and a 200-day moving average price of $20.85.

Capri (NYSE:CPRI) last issued its earnings results on Thursday, May 28th. The company reported $0.22 EPS for the quarter, beating 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 return on equity of 664.22% and a net margin of 3.94%.Capri’s revenue for the quarter was down 23.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($4.90) earnings per share. Equities analysts predict that Capri Holdings Limited will post 2.07 EPS for the current year.

Analysts Set New Price Targets

CPRI has been the topic of a number of analyst reports. Wells Fargo & Company cut their price objective on shares of Capri from $21.00 to $20.00 and set an “equal weight” rating on the stock in a research report on Thursday, May 28th. JPMorgan Chase & Co. decreased their target price on shares of Capri from $31.00 to $29.00 and set an “overweight” rating for the company in a research report on Thursday, May 28th. BTIG Research restated a “buy” rating and issued a $30.00 target price on shares of Capri in a research note on Thursday, May 28th. Bank of America cut their price target on shares of Capri from $23.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday, May 28th. Finally, Weiss Ratings raised Capri from a “sell (e+)” rating to a “sell (d)” rating in a research report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $24.79.

Insider Transactions at Capri

In related news, Director Stephen F. Reitman sold 17,981 shares of the firm’s stock in a transaction on Monday, June 8th. The shares were sold at an average price of $19.42, for a total transaction of $349,191.02. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.60% of the company’s stock.

About Capri

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.