Capri (NYSE:CPRI) Insider Jenna Hendricks Sells 63,725 Shares of Company Stock

Key Points

• Insider Jenna Hendricks sold 63,725 Capri shares at an average $20.73 each, worth about $1.32 million. The sale reduced her direct stake by 62.53%, leaving her with 38,186 shares.
• Capri reported quarterly EPS of $0.42, beating the $0.21 analyst consensus, and revenue of $809 million, above estimates of $786.55 million. Revenue was nevertheless down 5.5% year over year.
• Analysts hold a consensus “Hold” rating on the stock, with an average price target of $22.13; shares traded at $21.45 on Friday.

Capri Holdings Limited (NYSE:CPRI - Get Free Report) insider Jenna Hendricks sold 63,725 shares of the business's stock in a transaction dated Thursday, November 12th. The stock was sold at an average price of $20.73, for a total value of $1,321,019.25. Following 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 position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Capri Price Performance

CPRI stock traded up $1.07 during midday trading on Friday, reaching $21.45. The company had a trading volume of 3,423,957 shares, compared to its average volume of 3,584,308. The company has a debt-to-equity ratio of 6.31, a current ratio of 1.18 and a quick ratio of 0.50. Capri Holdings Limited has a 1 year low of $12.40 and a 1 year high of $28.26. The company has a market capitalization of $2.22 billion, a P/E ratio of 12.12, a P/E/G ratio of 0.43 and a beta of 1.27. The firm has a 50-day moving average price of $15.98 and a 200-day moving average price of $17.71.

Capri (NYSE:CPRI - Get Free Report) last issued its quarterly earnings results on Saturday, October 31st. The company reported $0.42 EPS for the quarter, topping analysts' consensus estimates of $0.21 by $0.21. The firm had revenue of $809.00 million for the quarter, compared to analyst estimates of $786.55 million. Capri had a net margin of 6.12% and a return on equity of 242.96%. The business's revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.03) EPS. On average, research analysts anticipate that Capri Holdings Limited will post 2.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC boosted its holdings in shares of Capri by 4.5% during the third quarter. Commonwealth Equity Services LLC now owns 11,863 shares of the company's stock worth $168,000 after purchasing an additional 512 shares during the period. Counterpoint Mutual Funds LLC increased its holdings in Capri by 4.4% during the 3rd quarter. Counterpoint Mutual Funds LLC now owns 18,230 shares of the company's stock valued at $257,000 after purchasing an additional 772 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in Capri by 3.5% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 25,500 shares of the company's stock valued at $360,000 after purchasing an additional 856 shares during the period. GAMMA Investing LLC raised its position in Capri by 8.7% during the 2nd quarter. GAMMA Investing LLC now owns 12,274 shares of the company's stock valued at $228,000 after purchasing an additional 987 shares during the last quarter. Finally, Measured Wealth Private Client Group LLC raised its position in Capri by 299.7% during the 1st 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. Hedge funds and other institutional investors own 84.34% of the company's stock.

Analysts Set New Price Targets

CPRI has been the subject of a number of research reports. BTIG Research cut their price objective on Capri from $30.00 to $25.00 and set a "buy" rating for the company in a report on Thursday, August 6th. Weiss Ratings reissued a "sell (d)" rating on shares of Capri in a report on Tuesday, August 25th. Robert W. Baird dropped their target price on Capri from $26.00 to $24.00 and set an "outperform" rating for the company in a research report on Monday, July 27th. Barclays increased their price target on shares of Capri from $19.00 to $24.00 and gave the company an "overweight" rating in a research report on Monday, November 2nd. Finally, TD Cowen initiated coverage on shares of Capri in a research note on Friday, October 30th. They set a "hold" rating on the stock. Two equities research 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's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $22.13.

Capri Company Profile

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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