Dark Forest Capital Management LP Acquires New Stake in Capri Holdings Limited (NYSE:CPRI)

Dark Forest Capital Management LP purchased a new position in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 264,666 shares of the company's stock, valued at approximately $5,574,000. Capri makes up about 0.8% of Dark Forest Capital Management LP's investment portfolio, making the stock its 7th largest position. Dark Forest Capital Management LP owned 0.22% of Capri at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Twin Tree Management LP purchased a new position in Capri during the 4th quarter worth approximately $45,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Capri in the 4th quarter valued at about $74,000. KBC Group NV boosted its stake in shares of Capri by 63.9% in the fourth quarter. KBC Group NV now owns 5,039 shares of the company's stock worth $106,000 after buying an additional 1,965 shares during the last quarter. Sterling Capital Management LLC grew its holdings in Capri by 58.9% during the fourth quarter. Sterling Capital Management LLC now owns 6,872 shares of the company's stock worth $145,000 after acquiring an additional 2,546 shares during the period. Finally, LexAurum Advisors LLC purchased a new position in Capri during the fourth quarter valued at approximately $211,000. 84.34% of the stock is currently owned by hedge funds and other institutional investors.

Capri Stock Up 0.7 %

NYSE:CPRI traded up $0.10 during trading hours on Monday, hitting $14.97. The company's stock had a trading volume of 834,131 shares, compared to its average volume of 3,109,231. Capri Holdings Limited has a 52-week low of $11.86 and a 52-week high of $43.34. The company has a current ratio of 1.21, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $1.77 billion, a P/E ratio of -1.75, a price-to-earnings-growth ratio of 7.80 and a beta of 1.77. The stock has a fifty day moving average of $18.39 and a 200-day moving average of $22.19.

Capri (NYSE:CPRI - Get Free Report) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates of $0.72 by ($0.27). Capri had a negative net margin of 21.79% and a positive return on equity of 12.89%. During the same quarter in the previous year, the firm earned $1.20 earnings per share. On average, equities analysts forecast that Capri Holdings Limited will post 0.98 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Bank of America began coverage on shares of Capri in a research report on Monday, February 10th. They set a "neutral" rating and a $23.00 price target on the stock. Robert W. Baird dropped their price objective on Capri from $26.00 to $18.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Wells Fargo & Company decreased their target price on Capri from $30.00 to $25.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Telsey Advisory Group decreased their price objective 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. Finally, StockNews.com upgraded shares of Capri from a "sell" rating to a "hold" rating in a research report on Friday, February 7th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus 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.