CastleKnight Management LP Takes $453,000 Position in Capri Holdings Limited (NYSE:CPRI)

CastleKnight Management LP purchased a new position in Capri Holdings Limited (NYSE:CPRI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 21,500 shares of the company's stock, valued at approximately $453,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of Capri by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 11,377,630 shares of the company's stock worth $239,613,000 after acquiring an additional 151,866 shares during the last quarter. Norges Bank acquired a new position in shares of Capri in the 4th quarter valued at $58,070,000. Primecap Management Co. CA grew its stake in shares of Capri by 13.2% during the 4th quarter. Primecap Management Co. CA now owns 4,688,333 shares of the company's stock valued at $98,736,000 after buying an additional 547,578 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Capri during the 4th quarter valued at $2,167,000. Finally, Lind Value II ApS acquired a new stake in shares of Capri during the 4th quarter worth $9,087,000. Hedge funds and other institutional investors own 84.34% of the company's stock.

Capri Stock Up 0.2 %

Shares of Capri stock traded up $0.04 during trading hours on Friday, hitting $16.89. 2,189,998 shares of the company's stock traded hands, compared to its average volume of 3,170,217. Capri Holdings Limited has a twelve month low of $11.86 and a twelve month high of $43.34. The company has a market cap of $1.99 billion, a PE ratio of -1.98, a PEG ratio of 7.80 and a beta of 1.64. The company has a quick ratio of 0.59, a current ratio of 1.21 and a debt-to-equity ratio of 1.36. The stock has a 50 day simple moving average of $17.28 and a 200-day simple moving average of $20.79.

Capri (NYSE:CPRI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.27). Capri had a positive return on equity of 12.89% and a negative net margin of 21.79%. During the same period in the previous year, the company earned $1.20 EPS. Equities research analysts anticipate that Capri Holdings Limited will post 0.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CPRI. Robert W. Baird lowered their price target on Capri from $26.00 to $18.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Citigroup raised shares of Capri from a "neutral" rating to a "buy" rating and increased their target price for the stock from $21.00 to $29.00 in a research report on Friday, January 10th. Guggenheim reaffirmed a "buy" rating and set a $30.00 price target on shares of Capri in a research report on Wednesday, February 12th. StockNews.com upgraded shares of Capri from a "sell" rating to a "hold" rating in a research note on Friday, February 7th. Finally, Telsey Advisory Group reduced their target price on shares of Capri from $23.00 to $17.00 and set a "market perform" rating on the stock in a report on Friday, April 11th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $24.08.

Capri Profile

Capri Holdings Limited designs, markets, distributes, and retails branded women's and men's apparel, footwear, and accessories in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia. It operates through three segments: Versace, Jimmy Choo, and Michael Kors. The company offers ready-to-wear, accessories, footwear, handbags, scarves and belts, small leather goods, eyewear, watches, jewelry, fragrances, and home furnishings through a distribution network, including boutiques, department, and specialty stores, as well as through e-commerce sites.