Saxon Interests Inc. Acquires New Shares in Capri Holdings Limited $CPRI

Saxon Interests Inc. bought a new position in Capri Holdings Limited (NYSE:CPRI) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 39,590 shares of the company’s stock, valued at approximately $698,000.

Several other hedge funds have also recently modified their holdings of CPRI. Leonteq Securities AG lifted its holdings in shares of Capri by 32.2% during the first quarter. Leonteq Securities AG now owns 11,463 shares of the company’s stock valued at $202,000 after purchasing an additional 2,794 shares in the last quarter. Strs Ohio raised its position in Capri by 10.1% in the 1st quarter. Strs Ohio now owns 19,700 shares of the company’s stock worth $347,000 after buying an additional 1,800 shares during the last quarter. Keybank National Association OH bought a new position in Capri during the 1st quarter valued at about $194,000. Pictet Asset Management Holding SA lifted its stake in Capri by 11.5% during the 1st quarter. Pictet Asset Management Holding SA now owns 19,845 shares of the company’s stock valued at $350,000 after acquiring an additional 2,051 shares during the period. Finally, Louisiana State Employees Retirement System purchased a new stake in shares of Capri during the 1st quarter valued at about $610,000. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Capri Stock Performance

Shares of NYSE CPRI opened at $19.43 on Wednesday. The firm has a 50 day moving average of $18.96 and a 200 day moving average of $20.51. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 4.08. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 17.04, a price-to-earnings-growth ratio of 0.34 and a beta of 1.39. Capri Holdings Limited has a 12-month low of $16.72 and a 12-month high of $28.26.

Capri (NYSE:CPRI) last released its quarterly earnings results on Thursday, May 28th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.11. The business had revenue of $796.00 million for the quarter, compared to the consensus estimate of $800.04 million. Capri had a net margin of 3.94% and a return on equity of 664.22%. The company’s quarterly revenue was down 23.1% on a year-over-year basis. During the same period last year, the firm earned ($4.90) earnings per share. On average, research analysts anticipate that Capri Holdings Limited will post 2.07 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Stephen F. Reitman sold 17,981 shares of Capri stock in a transaction on Monday, June 8th. The stock was sold at an average price of $19.42, for a total transaction of $349,191.02. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 2.60% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Wells Fargo & Company decreased their price objective on shares of Capri from $21.00 to $20.00 and set an “equal weight” rating for the company in a report on Thursday, May 28th. JPMorgan Chase & Co. cut their target price on shares of Capri from $31.00 to $29.00 and set an “overweight” rating for the company in a research report on Thursday, May 28th. BTIG Research reiterated a “buy” rating and set a $30.00 target price on shares of Capri in a research note on Thursday, May 28th. UBS Group lowered their price target on Capri from $22.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday, May 28th. Finally, Bank of America cut their price objective on Capri from $23.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Capri has an average rating of “Hold” and an average price target of $24.79.

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.