Adams Diversified Equity Fund Trims Its Holdings in Capri Holdings Limited by 11.6% in Q1

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Capri Holdings ($NYSE:CPRI) Limited, formerly known as Michael Kors Holdings Limited, is a global fashion company that designs, markets, distributes, and sells luxury products including apparel, footwear, accessories, fragrance, and home goods. It operates through three brands namely Michael Kors, Jimmy Choo and Versace. The company is listed on the New York Stock Exchange and is headquartered in London, United Kingdom. Adams Diversified Equity Fund Inc. recently reduced its stake in Capri Holdings Limited by 11.6%, in its latest filing with the Securities and Exchange Commission.

This reduction in investment marks a shift away from the company in the first quarter of this year. The filing did not disclose the size of the fund’s stake. It is likely that they have downgraded their view on the performance of Capri Holdings Limited and are therefore reducing their exposure to the stock.

Analysis

GoodWhale’s analysis of CAPRI HOLDINGS reveals that it falls into the ‘sloth’ category, which indicates that its revenue and earnings growth is slower than the overall economy. We believe that investors looking to invest in a more stable and mature company with fewer risks may be interested in CAPRI HOLDINGS. CAPRI HOLDINGS has a strong health score of 8/10, which is based on its ability to pay off debt and fund future operations. From our analysis, we can also see that they are strong in profitability, however they are weak in asset, dividend and growth. More…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Capri Holdings. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Capri Holdings. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Capri Holdings. More…

Key Ratios Snapshot

Some of the financial key ratios for Capri Holdings are shown below. More…

Peers

The fashion industry is extremely competitive, with companies constantly vying for market share. Capri Holdings Ltd is no exception, and must compete against other major players such as Dazzle Fashion Co Ltd, PVH Corp, and Sub-Urban Brands Inc. In order to stay ahead of the competition, Capri Holdings Ltd must continually innovate and offer consumers unique and desirable products.

– Dazzle Fashion Co Ltd ($SHSE:603587)

Dazzle Fashion Co Ltd is a fashion company with a market cap of 6.76B as of 2022. The company has a Return on Equity of 11.66%. The company designs, manufactures, and markets women’s apparel and accessories. The company offers a wide range of products including dresses, tops, bottoms, outerwear, and swimwear. The company operates in two segments: wholesale and retail. The wholesale segment consists of sales to department stores, specialty stores, and e-commerce platforms. The retail segment consists of sales through the company’s own e-commerce platform and brick-and-mortar stores.

– PVH Corp ($NYSE:PVH)

PVH Corp is a publicly traded company with a market capitalization of 3.08 billion as of 2022. The company has a return on equity of 11.85%. PVH Corp is a holding company that operates through its subsidiaries. The company’s businesses include Calvin Klein and Tommy Hilfiger, which design, market, and distribute men’s, women’s, and children’s apparel; and Van Heusen, which designs and markets dress shirts, sportswear, neckwear, footwear, and other related products.

Summary

Investors in Capri Holdings Limited have experienced a shift in recent quarters. This suggests that investors may be receiving mixed signals on the performance of Capri Holdings, which could lead to increased volatility. Investors should conduct further research to understand the current market sentiment before investing in Capri Holdings.