5 Best Stocks to Buy According to Richard Mashaal’s Senvest Management

3. Capri Holdings Limited (NYSE: CPRI)

Mashaal’s Stake Value: $193,251,000
Percentage of Richard Mashaal’s 13F Portfolio: 6.08%
Number of Hedge Fund Holders: 47

Capri Holdings Limited (NYSE: CPRI) is a multinational fashion holding company incorporated in 1981. It is placed third on the list of 10 best stocks to buy according to Richard Mashaal’s Senvest Management. Capri shares have offered 269.83% in returns to investors over the course of the past 12 months.

On July 30, Capri Holdings Limited (NYSE: CPRI) posted earnings for the first quarter of 2021. It reported earnings per share of $1.42, beating market predictions by $0.62. In addition, the revenue for the first three months of 2021 was over $1.25 billion, up 177.2% YoY, beating the estimates by $130 million. On July 14, Goldman Sachs analyst Brooke Roach initiated a coverage on Capri Holdings with a “Neutral” rating and a $56 price target.

Richard Mashaal’s hedge fund increased its stake in Capri Holdings Limited (NYSE: CPRI) by 5% in the first quarter, ending the period with $193.25 million worth of the company’s shares. In addition, hedge fund sentiment increased for Capri Holdings in the first quarter. Insider Monkey’s data shows that 47 elite hedge funds held stakes in the company at the end of the first quarter, up from 42 funds a quarter earlier.