Key Points
- Insider Jenna Hendricks sold 63,725 Capri shares at an average $20.73, for about $1.32 million, reducing her direct stake by 62.53% to 38,186 shares.
- Capri reported quarterly EPS of $0.42, beating the $0.21 analyst consensus, and revenue of $809 million, above estimates; revenue was down 5.5% year over year.
- Analysts’ consensus rating was Hold, with an average price target of $22.13.
Capri Holdings Limited (NYSE:CPRI - Get Free Report) insider Jenna Hendricks sold 63,725 shares of the business's stock in a transaction that occurred on Thursday, November 12th. The shares were sold at an average price of $20.73, for a total value of $1,321,019.25. Following the completion of the transaction, the insider directly owned 38,186 shares of the company's stock, valued at $791,595.78. The trade was a 62.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.
Capri Stock Performance
Capri stock traded up $1.07 during mid-day trading on Friday, hitting $21.45. The company had a trading volume of 3,423,957 shares, compared to its average volume of 3,754,207. The company has a current ratio of 1.18, a quick ratio of 0.50 and a debt-to-equity ratio of 6.31. Capri Holdings Limited has a 12-month low of $12.40 and a 12-month high of $28.26. The company's fifty day moving average is $16.15 and its 200-day moving average is $17.70. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of 12.12, a P/E/G ratio of 0.42 and a beta of 1.27.
Capri (NYSE:CPRI - Get Free Report) last issued its quarterly earnings data on Saturday, October 31st. The company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.21. The business had revenue of $809.00 million for the quarter, compared to analysts' expectations of $786.55 million. Capri had a net margin of 6.12% and a return on equity of 242.96%. The business's revenue was down 5.5% on a year-over-year basis. During the same quarter last year, the company earned ($0.03) EPS. Equities research analysts predict that Capri Holdings Limited will post 2.18 EPS for the current year.
Analysts Set New Price Targets
Several analysts recently commented on the stock. JPMorgan Chase & Co. dropped their price target on shares of Capri from $29.00 to $22.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 4th. Telsey Advisory Group decreased their price objective on shares of Capri from $21.00 to $18.00 and set a "market perform" rating for the company in a research report on Thursday, August 6th. Jefferies Financial Group set a $18.00 price objective on shares of Capri and gave the stock a "hold" rating in a research report on Thursday. Raymond James Financial raised shares of Capri from an "outperform" rating to a "strong-buy" rating and set a $20.00 target price on the stock in a research note on Friday, October 16th. Finally, TD Cowen began coverage on Capri in a research report on Friday, October 30th. They set a "hold" rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $22.13.
Read Our Latest Report on CPRI
Institutional Trading of Capri
A number of institutional investors and hedge funds have recently made changes to their positions in CPRI. Jump Financial LLC lifted its position in shares of Capri by 777.4% during the 3rd quarter. Jump Financial LLC now owns 270,228 shares of the company's stock valued at $3,816,000 after buying an additional 239,428 shares in the last quarter. L2 Asset Management LLC acquired a new stake in Capri in the 3rd quarter valued at $448,000. Pathstone Holdings LLC purchased a new stake in Capri in the 3rd quarter worth $89,000. Ingalls & Snyder LLC increased its holdings in Capri by 84.1% in the 3rd quarter. Ingalls & Snyder LLC now owns 477,218 shares of the company's stock worth $6,738,000 after acquiring an additional 218,035 shares in the last quarter. Finally, Meeder Asset Management Inc. increased its holdings in Capri by 165.6% in the 3rd quarter. Meeder Asset Management Inc. now owns 13,342 shares of the company's stock worth $188,000 after acquiring an additional 8,319 shares in the last quarter. 84.34% of the stock is currently owned by hedge funds and other institutional investors.
About Capri
(
Get Free Report)
Capri Holdings Limited is a global fashion group focused on designing, marketing and distributing luxury apparel, footwear, handbags, accessories and related products. Its portfolio includes Michael Kors and Jimmy Choo, whose products are sold through company-operated stores, e-commerce platforms and wholesale partners. The company serves customers in markets around the world, including North America, Europe and Asia. Its brands offer a range of products, including ready-to-wear clothing, shoes, bags, watches, eyewear, jewelry and fragrances.
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