Penn Capital Management Company LLC Grows Stock Holdings in Capri Holdings Limited $CPRI

Penn Capital Management Company LLC boosted its holdings in Capri Holdings Limited (NYSE:CPRI) by 3,220.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 405,546 shares of the company’s stock after buying an additional 393,334 shares during the period. Penn Capital Management Company LLC owned approximately 0.34% of Capri worth $9,919,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Allspring Global Investments Holdings LLC purchased a new position in Capri in the 4th quarter valued at approximately $13,527,000. Federated Hermes Inc. grew its stake in Capri by 107.1% in the 3rd quarter. Federated Hermes Inc. now owns 719,109 shares of the company’s stock valued at $14,325,000 after buying an additional 371,903 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its stake in Capri by 1,363.5% in the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 74,053 shares of the company’s stock valued at $1,475,000 after buying an additional 68,993 shares in the last quarter. M&T Bank Corp grew its stake in Capri by 1,288.6% in the 4th quarter. M&T Bank Corp now owns 159,185 shares of the company’s stock valued at $3,884,000 after buying an additional 147,721 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in Capri in the 3rd quarter valued at approximately $2,173,000. 84.34% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Capri

In related news, CEO John D. Idol bought 55,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The stock was bought at an average cost of $17.98 per share, for a total transaction of $988,900.00. Following the completion of the transaction, the chief executive officer owned 2,257,645 shares of the company’s stock, valued at approximately $40,592,457.10. The trade was a 2.50% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CPRI shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Capri in a research note on Monday, May 4th. Robert W. Baird upgraded shares of Capri from a “neutral” rating to an “outperform” rating and set a $26.00 price objective for the company in a research note on Wednesday, February 4th. Telsey Advisory Group reiterated a “market perform” rating and issued a $23.00 price objective on shares of Capri in a research note on Tuesday, February 3rd. TD Cowen restated a “buy” rating on shares of Capri in a research report on Wednesday, February 4th. Finally, Wells Fargo & Company reduced their price target on shares of Capri from $27.00 to $21.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $25.92.

Capri Stock Up 0.8%

Shares of NYSE:CPRI opened at $18.63 on Wednesday. Capri Holdings Limited has a 52-week low of $16.22 and a 52-week high of $28.26. The firm has a fifty day moving average of $18.77 and a 200 day moving average of $21.56. The firm has a market capitalization of $2.22 billion, a PE ratio of -4.37, a price-to-earnings-growth ratio of 0.29 and a beta of 1.43. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.52 and a current ratio of 1.14.

Capri 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.