Squarepoint Ops LLC Purchases Shares of 262,692 Capri Holdings Limited $CPRI

Key Points

• Squarepoint Ops LLC acquired 262,692 Capri Holdings shares worth approximately $4.88 million, representing a 0.23% stake. Institutional investors and hedge funds collectively own 84.34% of Capri.
• Analyst sentiment is mixed, with recent downgrades from UBS and TD Cowen and an average rating of “Hold”; the consensus price target is $21.93.
• Capri’s latest quarter exceeded expectations, with EPS of $0.67 versus the $0.40 consensus and revenue of $769 million, although revenue declined 3.5% year over year. Shares opened at $13.89, near the lower end of their 52-week range.

Squarepoint Ops LLC purchased a new position in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 262,692 shares of the company's stock, valued at approximately $4,878,000. Squarepoint Ops LLC owned 0.23% of Capri as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Measured Wealth Private Client Group LLC increased its stake in Capri by 299.7% in the first quarter. Measured Wealth Private Client Group LLC now owns 1,523 shares of the company's stock valued at $27,000 after purchasing an additional 1,142 shares during the last quarter. Quantbot Technologies LP acquired a new stake in Capri in the 2nd quarter worth about $39,000. Caitong International Asset Management Co. Ltd boosted its stake in Capri by 273.9% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,236 shares of the company's stock worth $55,000 after buying an additional 1,638 shares during the last quarter. MidFirst Bank purchased a new stake in Capri in the 4th quarter valued at about $77,000. Finally, Hantz Financial Services Inc. grew its holdings in Capri by 57.9% in the 4th quarter. Hantz Financial Services Inc. now owns 4,266 shares of the company's stock valued at $104,000 after buying an additional 1,565 shares during the period. Institutional investors and hedge funds own 84.34% of the company's stock.

Analyst Upgrades and Downgrades

CPRI has been the topic of several recent analyst reports. UBS Group cut their price objective on shares of Capri from $20.00 to $17.00 and set a "neutral" rating on the stock in a report on Thursday, August 6th. TD Cowen downgraded shares of Capri from a "buy" rating to a "hold" rating and lowered their target price for the company from $20.00 to $17.00 in a report on Thursday, August 6th. Raymond James Financial reaffirmed an "outperform" rating and set a $22.00 price target on shares of Capri in a research report on Thursday, May 28th. JPMorgan Chase & Co. cut their price target on shares of Capri from $29.00 to $22.00 and set an "overweight" rating on the stock in a research note on Tuesday, August 4th. Finally, Wall Street Zen upgraded shares of Capri from a "hold" rating to a "buy" rating in a report on Saturday, September 5th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Capri currently has an average rating of "Hold" and an average target price of $21.93.

Capri Price Performance

Shares of NYSE CPRI opened at $13.89 on Friday. Capri Holdings Limited has a 1-year low of $12.40 and a 1-year high of $28.26. The business has a 50-day moving average of $15.23 and a 200-day moving average of $17.69. The company has a debt-to-equity ratio of 2.27, a current ratio of 1.19 and a quick ratio of 0.54. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 10.68, a PEG ratio of 0.28 and a beta of 1.38.

Capri (NYSE:CPRI - Get Free Report) last announced its earnings results on Wednesday, August 5th. The company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.40 by $0.27. The business had revenue of $769.00 million for the quarter, compared to the consensus estimate of $757.61 million. Capri had a return on equity of 297.36% and a net margin of 4.44%.The company's revenue was down 3.5% on a year-over-year basis. During the same period last year, the business posted $0.50 EPS. Capri has set its Q2 2027 guidance at 0.200-0.200 EPS and its FY 2027 guidance at 2.150-2.150 EPS. On average, equities analysts anticipate that Capri Holdings Limited will post 2.11 EPS for the current fiscal year.

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.

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