Cooper Creek Partners Management LLC Makes New $23.78 Million Investment in Capri Holdings Limited $CPRI

Cooper Creek Partners Management LLC purchased a new stake in shares of Capri Holdings Limited (NYSE:CPRI) in the first quarter, Holdings Channel.com reports. The institutional investor purchased 1,349,826 shares of the company’s stock, valued at approximately $23,784,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CPRI. Vanguard Group Inc. increased its stake in shares of Capri by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 11,701,832 shares of the company’s stock worth $285,525,000 after purchasing an additional 121,209 shares during the period. State Street Corp boosted its stake in Capri by 19.3% during the 2nd quarter. State Street Corp now owns 4,479,231 shares of the company’s stock valued at $79,282,000 after purchasing an additional 724,967 shares during the period. Arrowstreet Capital Limited Partnership bought a new stake in Capri during the 4th quarter valued at approximately $53,759,000. Dimensional Fund Advisors LP boosted its stake in Capri by 34.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,165,618 shares of the company’s stock valued at $38,154,000 after purchasing an additional 557,955 shares during the period. Finally, Norges Bank acquired a new stake in Capri in the 4th quarter valued at approximately $50,228,000. 84.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. BTIG Research reaffirmed a “buy” rating and issued a $30.00 price target on shares of Capri in a research report on Thursday, May 28th. UBS Group reduced their price objective on Capri from $22.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday, May 28th. Bank of America lowered their price objective on shares of Capri from $23.00 to $20.00 and set a “neutral” rating on the stock in a research note on Thursday, May 28th. Wells Fargo & Company dropped their target price on shares of Capri from $20.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 15th. Finally, Telsey Advisory Group cut their target price on shares of Capri from $23.00 to $21.00 and set a “market perform” rating for the company in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $24.21.

Insiders Place Their Bets

In other news, Director Stephen F. Reitman sold 17,981 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $19.42, for a total transaction of $349,191.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.60% of the company’s stock.

Capri Stock Down 0.7%

Shares of NYSE:CPRI opened at $15.43 on Friday. The company’s fifty day moving average is $18.48 and its 200-day moving average is $19.80. The company has a debt-to-equity ratio of 4.08, a quick ratio of 0.60 and a current ratio of 1.21. Capri Holdings Limited has a 52 week low of $15.19 and a 52 week high of $28.26. The company has a market capitalization of $1.77 billion, a PE ratio of 13.54, a P/E/G ratio of 0.28 and a beta of 1.39.

Capri (NYSE:CPRI) last announced its earnings results on Thursday, May 28th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.11. Capri had a net margin of 3.94% and a return on equity of 664.22%. The business had revenue of $796.00 million during the quarter, compared to analysts’ expectations of $800.04 million. During the same quarter last year, the company posted ($4.90) EPS. The firm’s revenue for the quarter was down 23.1% on a year-over-year basis. Equities research analysts predict that Capri Holdings Limited will post 2.06 earnings per share for the current fiscal year.

About Capri

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.