Algert Global LLC Boosts Position in Capri Holdings Limited (NYSE:CPRI)

Algert Global LLC boosted its holdings in Capri Holdings Limited (NYSE:CPRI - Free Report) by 46.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 93,952 shares of the company's stock after buying an additional 29,841 shares during the period. Algert Global LLC owned approximately 0.08% of Capri worth $1,979,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of CPRI. Twin Tree Management LP bought a new stake in shares of Capri during the 4th quarter valued at $45,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Capri during the fourth quarter valued at about $74,000. KBC Group NV increased its position in shares of Capri by 63.9% during the fourth quarter. KBC Group NV now owns 5,039 shares of the company's stock valued at $106,000 after buying an additional 1,965 shares during the period. Sterling Capital Management LLC lifted its holdings in shares of Capri by 58.9% in the fourth quarter. Sterling Capital Management LLC now owns 6,872 shares of the company's stock worth $145,000 after buying an additional 2,546 shares in the last quarter. Finally, Triumph Capital Management bought a new position in shares of Capri in the fourth quarter valued at approximately $209,000. Institutional investors own 84.34% of the company's stock.

Wall Street Analysts Forecast Growth

CPRI has been the topic of several recent analyst reports. Bank of America initiated coverage on shares of Capri in a research note on Monday, February 10th. They issued a "neutral" rating and a $23.00 target price on the stock. Barclays reduced their target price on Capri from $19.00 to $13.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. Telsey Advisory Group lowered their price target on Capri from $23.00 to $17.00 and set a "market perform" rating on the stock in a report on Friday, April 11th. Wells Fargo & Company cut their price objective on Capri from $30.00 to $25.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Finally, Jefferies Financial Group raised their target price on shares of Capri from $20.00 to $23.00 and gave the company a "hold" rating in a research note on Tuesday, January 28th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $24.08.

Capri Trading Up 0.2 %

NYSE CPRI traded up $0.04 during trading on Friday, hitting $16.89. 2,189,998 shares of the company's stock traded hands, compared to its average volume of 3,179,902. The firm has a market cap of $1.99 billion, a P/E ratio of -1.98, a PEG ratio of 7.80 and a beta of 1.64. The stock has a fifty day moving average of $17.17 and a two-hundred day moving average of $20.32. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.21 and a quick ratio of 0.59. Capri Holdings Limited has a 12-month low of $11.86 and a 12-month high of $43.34.

Capri (NYSE:CPRI - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.45 EPS for the quarter, missing analysts' consensus estimates 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 firm earned $1.20 earnings per share. As a group, sell-side analysts expect that Capri Holdings Limited will post 0.98 EPS for the current year.

About Capri

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.