Capri Holdings Ltd (NYSE:CPRI) SVP Daniel Purefoy Sells 2,292 Shares

Capri Holdings Ltd (NYSE:CPRI) SVP Daniel Purefoy sold 2,292 shares of the firm’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $20.45, for a total transaction of $46,871.40. Following the sale, the senior vice president now owns 614 shares of the company’s stock, valued at $12,556.30. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Shares of CPRI traded up $1.74 on Wednesday, reaching $22.89. The company’s stock had a trading volume of 37,807 shares, compared to its average volume of 3,083,946. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.94 and a quick ratio of 0.34. The stock has a market capitalization of $3.20 billion, a P/E ratio of -7.50, a PEG ratio of 10.07 and a beta of 1.90. The stock’s 50 day simple moving average is $16.57 and its two-hundred day simple moving average is $15.38. Capri Holdings Ltd has a 12-month low of $5.42 and a 12-month high of $39.90.

Capri (NYSE:CPRI) last issued its quarterly earnings results on Wednesday, August 5th. The company reported ($1.04) earnings per share for the quarter, beating the consensus estimate of ($1.11) by $0.07. Capri had a negative net margin of 9.62% and a positive return on equity of 12.62%. The business had revenue of $451.00 million for the quarter, compared to the consensus estimate of $429.17 million. During the same quarter in the previous year, the firm earned $0.95 earnings per share. The company’s revenue for the quarter was down 66.5% on a year-over-year basis. Analysts expect that Capri Holdings Ltd will post 0.44 earnings per share for the current year.

Large investors have recently modified their holdings of the business. Bank of New York Mellon Corp lifted its holdings in Capri by 2.1% during the first quarter. Bank of New York Mellon Corp now owns 1,010,865 shares of the company’s stock valued at $10,909,000 after purchasing an additional 21,179 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in Capri by 12.1% during the first quarter. Nomura Asset Management Co. Ltd. now owns 26,967 shares of the company’s stock valued at $291,000 after purchasing an additional 2,903 shares in the last quarter. Trexquant Investment LP purchased a new position in Capri during the second quarter valued at approximately $1,549,000. Tower Research Capital LLC TRC lifted its holdings in Capri by 198.2% during the first quarter. Tower Research Capital LLC TRC now owns 7,450 shares of the company’s stock valued at $80,000 after purchasing an additional 4,952 shares in the last quarter. Finally, Balyasny Asset Management LLC purchased a new position in Capri during the first quarter valued at approximately $4,343,000. 90.90% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have weighed in on the stock. ValuEngine upgraded shares of Capri from a “sell” rating to a “hold” rating in a research note on Thursday, July 2nd. Needham & Company LLC initiated coverage on shares of Capri in a research note on Monday, June 29th. They issued a “hold” rating for the company. Deutsche Bank lifted their price target on shares of Capri from $21.00 to $25.00 and gave the stock a “hold” rating in a research note on Thursday, July 2nd. BNP Paribas initiated coverage on shares of Capri in a research note on Thursday, September 10th. They issued a “neutral” rating and a $20.00 price target for the company. Finally, Oppenheimer reiterated a “hold” rating on shares of Capri in a research note on Thursday, July 2nd. Fourteen research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Capri has an average rating of “Hold” and an average price target of $24.47.

About Capri

Capri Holdings Limited design, markets, distributes, and retails branded women's and men's apparel and accessories. It operates in four segments: MK Retail, MK Wholesale, MK Licensing, and Jimmy Choo. The MK Retail segment sells women's apparel; handbags and small leather goods; men's apparel; footwear; and licensed products comprising watches, jewelry, fragrances, and beauty and eyewear.

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