June 3, 2023 – Advisory Research Inc. has recently purchased a new position in Capri Holdings Limited (NYSE:CPRI), as disclosed by the company in its most recent Form 13F filing with the SEC. The hedge fund acquired 5,341 shares of CPRI, valued at approximately $306,000.
This move by Advisory Research Inc. comes amidst a period of volatility for Capri Holdings Limited on the New York Stock Exchange. As of Friday, June 2nd, shares of CPRI opened at $34.45 – significantly lower than its 12 month high of $69.25. The firm has a market capitalization of $4.33 billion and a PE ratio of 6.51.
Notably, these developments have led many investors to wonder about the future prospects for Capri Holdings Limited and whether or not it remains an attractive investment opportunity.
To gain a deeper understanding of this situation and get an insight into what other hedge funds are holding CPRI, one can visit HoldingsChannel.com to access the latest 13F filings and insider trades.
It is important to note that while there appears to be some fluctuation in stock price in recent months, much depends on broader market movements as well as other factors such as industry trends and competitive landscape.
Investors who seek to make informed decisions around investing in CPRI should therefore undertake comprehensive research and analysis that takes these factors into account, in order to ascertain whether this is indeed an optimal choice for their portfolio.
For now though, it seems that Advisory Research Inc.’s latest purchase signals confidence in Capri Holdings Limited’s long-term potential amidst this challenging market environment – and only time will tell if this is indeed borne out by subsequent performance data over the coming months.
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Investors Take Notice of Capri Holdings Limited Amid Strong Quarterly Earnings and Mixed Ratings
Capri Holdings Limited (NYSE:CPRI) has been making waves in the investment world, with hedge funds and institutional investors taking notice. AlphaCrest Capital Management LLC recently boosted its stake in the company by 65.6%, while Great West Life Assurance Co. Can purchased a new stake worth $4,352,000. Dimensional Fund Advisors LP also increased their shareholding by 4.9%. This comes as CPRI has released strong quarterly earnings results, beating expectations with a net margin of 10.96% and revenue of $1.34 billion.
However, CPRI has also been subject to numerous research notes with mixed ratings for the stock. Seven analysts have given the stock a hold rating, eight have rated it as a buy and one assigned it a strong buy rating – all leading to Bloomberg.com’s “Moderate Buy” consensus rating and average target price of $56.19.
Capri Holdings is known for its luxury fashion segments, which include Versace, Jimmy Choo and Michael Kors collections targeting women’s apparel and accessories along with men’s clothing lines.
While it remains to be seen what will happen to CPRI shares in the long-term, it is clear that stakeholders are showing interest — perhaps indicative of positive times ahead for this global fashion luxury group?
