DME Capital Management LP Acquires 1,017,072 Shares of Capri Holdings Limited (NYSE:CPRI)

DME Capital Management LP raised its holdings in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) by 93.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,103,717 shares of the company's stock after acquiring an additional 1,017,072 shares during the quarter. Capri comprises approximately 2.3% of DME Capital Management LP's portfolio, making the stock its 15th biggest holding. DME Capital Management LP owned approximately 1.78% of Capri worth $44,304,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Moody National Bank Trust Division purchased a new stake in Capri in the 4th quarter worth approximately $841,000. Accurate Wealth Management LLC raised its position in shares of Capri by 114.5% in the fourth quarter. Accurate Wealth Management LLC now owns 52,431 shares of the company's stock worth $1,104,000 after buying an additional 27,992 shares in the last quarter. Lind Value II ApS bought a new stake in Capri during the fourth quarter valued at $9,087,000. Janney Montgomery Scott LLC boosted its stake in Capri by 174.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 21,670 shares of the company's stock valued at $456,000 after buying an additional 13,785 shares during the period. Finally, LexAurum Advisors LLC purchased a new position in Capri during the fourth quarter worth about $211,000. 84.34% of the stock is owned by institutional investors.

Capri Stock Up 0.2 %

NYSE:CPRI traded up $0.04 during mid-day trading on Friday, hitting $16.89. 2,189,998 shares of the company's stock were exchanged, compared to its average volume of 3,179,902. The company has a market cap of $1.99 billion, a PE ratio of -1.98, a P/E/G ratio of 7.80 and a beta of 1.64. 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 one year low of $11.86 and a one year high of $43.34. The business has a fifty day moving average price of $17.17 and a 200 day moving average price of $20.47.

Capri (NYSE:CPRI - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share 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 posted $1.20 earnings per share. Equities analysts predict that Capri Holdings Limited will post 0.98 EPS for the current year.

Analysts Set New Price Targets

CPRI has been the topic of a number of recent analyst reports. Bank of America began 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. StockNews.com raised shares of Capri from a "sell" rating to a "hold" rating in a report on Friday, February 7th. Robert W. Baird dropped their price objective on shares of Capri from $26.00 to $18.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Wells Fargo & Company reduced their target price on Capri from $30.00 to $25.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Finally, Barclays dropped their price target on Capri from $19.00 to $13.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Capri currently has a consensus rating of "Hold" and an average price target of $24.08.

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.