Capri Holdings (CPRI)

• Market cap: $2.81B
• 1 day: 0.17%
• 5 days: 1.15%
• 1 month: 7.25%
• 3 months: -44.14%
• 6 months: -31.77%
• Year to date: 15.57%
• 1 year: -52.96%
• 5 years: -35.25%
• 10 years: -64.45%
• Sector: Consumer Discretionary
• Industry: Leather & Leather Products

About: Michael Kors, Versace, and Jimmy Choo are the brands of Capri Holdings, a marketer, distributor, and retailer of upscale accessories and apparel. Michael Kors, Capri's largest brand, offers handbags, footwear, and apparel through more than 700 company-owned stores, wholesale, and e-commerce. Versace (acquired in 2018) is known for its ready-to-wear luxury fashion, while Jimmy Choo (acquired in 2017) is best known for women's luxury footwear. John Idol has served as CEO since 2003.

Employees: 15,100

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

76% more first-time investments, than exits

New positions opened: 74 | Existing positions closed: 42

25% more funds holding in top 10

Funds holding in top 10: 12 [Q2] → 15 (+3) [Q3]

19% more capital invested

Capital invested by funds: $3.29B [Q2] → $3.93B (+$635M) [Q3]

9% more funds holding

Funds holding: 348 [Q2] → 378 (+30) [Q3]

6.74% less ownership

Funds ownership: 85.34% [Q2] → 78.6% (-6.74%) [Q3]

15% less repeat investments, than reductions

Existing positions increased: 117 | Existing positions reduced: 138

23% less call options, than puts

Call options by funds: $975M | Put options by funds: $1.27B

Research analyst outlook

9 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $19 20% downside
• Avg. target: $25 5% upside
• High target: $31 30% upside

9 analyst ratings

• positive: 4 44%
• neutral: 5 56%
• negative: 0 0%

Wells Fargo Ike Boruchow 62% 1-year accuracy 28 / 45 met price target	18% upside $28	Overweight Upgraded	10 Jan 2025
Citigroup Paul Lejuez 69% 1-year accuracy 24 / 35 met price target	22% upside $29	Buy Upgraded	10 Jan 2025
BMO Capital Simeon Siegel 81% 1-year accuracy 17 / 21 met price target	30% upside $31	Outperform Upgraded	6 Jan 2025
JP Morgan Matthew Boss 47% 1-year accuracy 34 / 72 met price target	20% downside $19	Neutral Maintained	16 Dec 2024
Guggenheim Robert Drbul 52% 1-year accuracy 17 / 33 met price target	26% upside $30	Buy Upgraded	26 Nov 2024