Jim Cramer Discussed These 12 Stocks Recently

8. Capri Holdings Limited (NYSE:CPRI)

Number of Hedge Fund Holders: 57

Cramer noted that even companies like Capri Holdings Limited (NYSE:CPRI) are suffering due to department stores.

“Let’s expand it. Does it sell in department stores? Capri, PVH, Tapestry, sold… Nothing’s foolproof.”

Capri (NYSE:CPRI) designs, markets, and sells branded apparel, footwear, and accessories for both men and women, offering a wide range of products, including clothing, eyewear, jewelry, fragrances, and footwear under its major brands.

Riverwater Partners stated the following regarding Capri Holdings Limited (NYSE:CPRI) in its Q4 2024 investor letter:

“The worst performer in Q4 was Capri Holdings Limited (NYSE:CPRI), which owns the brands Versace, Jimmy Choo, and Michael Kors. Capri’s stock sold off drastically after a judge sided with the Department of Justice claim that a proposed merger with Tapestry Inc. (TPR) would create a monopoly in the “affordable handbag space.” The sell off cost the portfolio 123 bps in contribution to return. The holding was sized on the low end of our range so the only positive takeaway is that it never became a full position.”