Primecap Management Co. CA Grows Position in Capri Holdings Limited $CPRI

Primecap Management Co. CA grew its holdings in Capri Holdings Limited (NYSE:CPRI) by 0.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,215,404 shares of the company’s stock after buying an additional 31,684 shares during the period. Primecap Management Co. CA owned 4.42% of Capri worth $92,313,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC grew its stake in Capri by 42.2% during the 2nd quarter. Geode Capital Management LLC now owns 2,882,813 shares of the company’s stock valued at $51,032,000 after acquiring an additional 855,330 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Capri by 143.3% during the 1st quarter. American Century Companies Inc. now owns 2,039,887 shares of the company’s stock worth $40,247,000 after purchasing an additional 1,201,488 shares during the last quarter. Allianz Asset Management GmbH grew its position in shares of Capri by 53.5% in the second quarter. Allianz Asset Management GmbH now owns 1,160,047 shares of the company’s stock valued at $20,533,000 after purchasing an additional 404,212 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Capri by 6.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,070,258 shares of the company’s stock valued at $21,116,000 after purchasing an additional 66,173 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Capri by 22.4% in the first quarter. Goldman Sachs Group Inc. now owns 764,509 shares of the company’s stock valued at $15,084,000 after purchasing an additional 139,809 shares during the last quarter. 84.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CPRI shares. Zacks Research raised Capri from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. Telsey Advisory Group lifted their price target on Capri from $22.00 to $23.00 and gave the stock a “market perform” rating in a report on Wednesday, November 5th. Wall Street Zen raised shares of Capri from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. UBS Group lifted their target price on shares of Capri from $18.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Capri in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $24.69.

Capri Stock Up 0.9%

Shares of NYSE:CPRI opened at $22.05 on Thursday. The company has a market capitalization of $2.63 billion, a price-to-earnings ratio of -2.34, a PEG ratio of 0.45 and a beta of 1.90. Capri Holdings Limited has a 12-month low of $11.86 and a 12-month high of $26.23. The business has a 50-day moving average price of $21.17 and a 200 day moving average price of $19.61. The company has a current ratio of 1.17, a quick ratio of 0.61 and a debt-to-equity ratio of 3.97.

Capri (NYSE:CPRI) last announced its earnings results on Tuesday, November 4th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.17). Capri had a negative return on equity of 53.50% and a negative net margin of 26.73%.The company had revenue of $856.00 million for the quarter, compared to analysts’ expectations of $825.74 million. Capri has set its Q3 2026 guidance at 0.700-0.80 EPS. FY 2026 guidance at 1.200-1.400 EPS. Sell-side analysts expect that Capri Holdings Limited will post 0.98 EPS for the current year.

About Capri

Capri Holdings Limited designs, markets, distributes, and retails branded women's and men's apparel, footwear, and accessories in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia. It operates through three segments: Versace, Jimmy Choo, and Michael Kors. The company offers ready-to-wear, accessories, footwear, handbags, scarves and belts, small leather goods, eyewear, watches, jewelry, fragrances, and home furnishings through a distribution network, including boutiques, department, and specialty stores, as well as through e-commerce sites.