76,760 Capri Holdings Limited $CPRI Shares Purchased by ARGA Investment Management LP

Key Points

• ARGA Investment Management increased its Capri stake by 49.7% in the third quarter, buying 76,760 shares and bringing its holdings to 231,305 shares, worth about $3.27 million.
• Capri beat quarterly earnings and revenue estimates, reporting EPS of $0.42 versus $0.21 expected and revenue of $809 million versus $786.6 million expected; revenue was still down 5.5% year over year.
• Analyst views remain mixed: Capri has a consensus Hold rating and an average price target of $22.53, though Barclays raised its target to $24 and rated the stock Overweight.

ARGA Investment Management LP boosted its holdings in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) by 49.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 231,305 shares of the company's stock after acquiring an additional 76,760 shares during the period. ARGA Investment Management LP owned 0.20% of Capri worth $3,266,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Pinnacle Wealth Planning Services Inc. bought a new stake in Capri in the third quarter worth $47,000. Evergreen Capital Management LLC purchased a new stake in shares of Capri in the third quarter worth $195,000. Sterling Capital Management LLC grew its stake in shares of Capri by 804.7% in the third quarter. Sterling Capital Management LLC now owns 3,818 shares of the company's stock worth $54,000 after acquiring an additional 3,396 shares during the last quarter. Quadrant Capital Group LLC bought a new position in shares of Capri during the third quarter valued at $444,000. Finally, Counterpoint Mutual Funds LLC increased its holdings in shares of Capri by 4.4% during the third quarter. Counterpoint Mutual Funds LLC now owns 18,230 shares of the company's stock valued at $257,000 after acquiring an additional 772 shares in the last quarter. 84.34% of the stock is owned by hedge funds and other institutional investors.

Capri Stock Up 0.3%

CPRI stock opened at $20.10 on Wednesday. Capri Holdings Limited has a 1-year low of $12.40 and a 1-year high of $28.26. The business has a fifty day moving average price of $14.88 and a 200-day moving average price of $17.85. The company has a debt-to-equity ratio of 6.31, a current ratio of 1.18 and a quick ratio of 0.50. The stock has a market capitalization of $2.08 billion, a P/E ratio of 9.46, a P/E/G ratio of 0.42 and a beta of 1.27.

Capri (NYSE:CPRI - Get Free Report) last released its quarterly earnings data on Friday, October 30th. The company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.21 by $0.21. Capri had a return on equity of 242.96% and a net margin of 6.12%. The company had revenue of $809.00 million during the quarter, compared to the consensus estimate of $786.55 million. During the same period last year, the company earned ($0.03) EPS. Capri's revenue for the quarter was down 5.5% on a year-over-year basis. Equities analysts forecast that Capri Holdings Limited will post 2.16 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Barclays lifted their price target on Capri from $19.00 to $24.00 and gave the stock an "overweight" rating in a research report on Monday. Wall Street Zen raised shares of Capri from a "hold" rating to a "buy" rating in a research report on Saturday, September 5th. UBS Group raised their price objective on shares of Capri from $17.00 to $19.00 and gave the company a "neutral" rating in a research note on Monday. Jefferies Financial Group reaffirmed a "hold" rating on shares of Capri in a report on Tuesday, September 22nd. Finally, Robert W. Baird decreased their target price on shares of Capri from $26.00 to $24.00 and set an "outperform" rating for the company in a report on Monday, July 27th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $22.53.

Capri News Roundup

Here are the key news stories impacting Capri this week:

• Positive Sentiment: Capri beat fiscal Q2 earnings expectations, with Jimmy Choo growth and improved margins bolstering profitability despite lower sales. The company also raised its fiscal 2027 outlook, and its full-year expectations edged past analyst estimates. Article: CPRI Q2 Earnings Beat on Jimmy Choo Growth, FY'27 Outlook Raised
• Positive Sentiment: Barclays raised its price target from $19 to $24 and assigned an Overweight rating, signaling greater confidence in potential upside. Barclays recommendations
• Positive Sentiment: Recent coverage points to Capri’s efforts to strengthen brand appeal through new collections, digital engagement and more personalized consumer experiences—initiatives the company expects to support fiscal 2027 growth. Article: Capri Holdings Strengthens Brand Appeal Through Deeper Consumer Ties
• Neutral Sentiment: Analyst reactions were mixed: UBS lifted its target to $19 but kept a Neutral rating, Goldman Sachs raised its target to $20 and remained Neutral, while Wells Fargo raised its target to $18 and maintained Equal Weight. TD Cowen also initiated coverage with a Hold rating. Article: UBS Adjusts Capri Price Target
• Negative Sentiment: Lower sales temper the earnings beat: the quarter’s revenue declined year over year, making sustained growth and execution on the raised outlook important to maintaining investor confidence.

About Capri

Capri Holdings Limited NYSE: CPRI is a global fashion and luxury goods company headquartered in London. The company designs, develops, markets and distributes luxury apparel, footwear, handbags, accessories, watches, jewelry and fragrances through its portfolio of fashion brands.

Capri's principal brands are Michael Kors, Versace and Jimmy Choo. Michael Kors offers a broad range of fashion and lifestyle products, including handbags, footwear, apparel, watches and accessories. Versace is known for luxury clothing, accessories, footwear, home products and fragrances, while Jimmy Choo specializes in luxury footwear, handbags, accessories and fragrances.

The company sells its products through directly operated retail stores, e-commerce platforms, wholesale partners, department stores, specialty retailers and other distribution channels.

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