Cerebellum GP LLC Has $459,000 Stock Holdings in Capri Holdings Ltd (NYSE:CPRI)

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Cerebellum GP LLC lifted its stake in shares of Capri Holdings Ltd (NYSE:CPRI) by 36.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,857 shares of the company’s stock after purchasing an additional 3,686 shares during the period. Cerebellum GP LLC’s holdings in Capri were worth $459,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. First Trust Advisors LP purchased a new position in shares of Capri during the first quarter valued at $4,158,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Capri during the first quarter valued at $61,000. State of Tennessee Treasury Department grew its holdings in shares of Capri by 61.1% during the first quarter. State of Tennessee Treasury Department now owns 62,703 shares of the company’s stock valued at $2,868,000 after buying an additional 23,772 shares in the last quarter. Northern Trust Corp purchased a new position in shares of Capri during the first quarter valued at $94,128,000. Finally, Andra AP fonden purchased a new position in shares of Capri during the first quarter valued at $6,034,000. 85.67% of the stock is currently owned by institutional investors.

In other news, CEO John D. Idol bought 363,000 shares of the stock in a transaction on Thursday, August 15th. The shares were purchased at an average price of $27.48 per share, for a total transaction of $9,975,240.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 5.30% of the company’s stock.

CPRI has been the topic of a number of research analyst reports. MKM Partners lowered their price target on Capri to $35.00 and set a “neutral” rating on the stock in a report on Monday, August 12th. Needham & Company LLC reiterated a “buy” rating and set a $50.00 price target (down previously from $54.00) on shares of Capri in a report on Thursday, August 8th. ValuEngine upgraded Capri from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Zacks Investment Research downgraded Capri from a “hold” rating to a “sell” rating and set a $33.00 price target on the stock. in a report on Thursday, September 12th. Finally, Evercore ISI set a $50.00 target price on Capri and gave the company a “buy” rating in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $52.23.

Shares of NYSE CPRI opened at $29.60 on Friday. The business’s 50-day moving average price is $29.63 and its two-hundred day moving average price is $36.24. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.03 and a quick ratio of 0.42. Capri Holdings Ltd has a one year low of $25.25 and a one year high of $64.45. The company has a market capitalization of $4.22 billion, a P/E ratio of 6.04, a price-to-earnings-growth ratio of 0.99 and a beta of 0.83.

Capri (NYSE:CPRI) last issued its earnings results on Wednesday, August 7th. The company reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.05. Capri had a return on equity of 30.29% and a net margin of 7.45%. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the previous year, the company posted $1.32 earnings per share. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. On average, equities analysts anticipate that Capri Holdings Ltd will post 4.89 EPS for the current year.

Capri Profile

Capri Holdings Limited design, markets, distributes, and retails branded women's and men's apparel and accessories. It operates in four segments: MK Retail, MK Wholesale, MK Licensing, and Jimmy Choo. The MK Retail segment sells women's apparel; handbags and small leather goods; men's apparel; footwear; and licensed products comprising watches, jewelry, fragrances, and beauty and eyewear.

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Institutional Ownership by Quarter for Capri (NYSE:CPRI)

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