Banque Pictet & Cie SA Buys Shares of 16,113 Capri Holdings Limited (NYSE:CPRI)

Banque Pictet & Cie SA purchased a new stake in Capri Holdings Limited (NYSE:CPRI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 16,113 shares of the company's stock, valued at approximately $318,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Farther Finance Advisors LLC increased its stake in shares of Capri by 758.1% in the 1st quarter. Farther Finance Advisors LLC now owns 1,433 shares of the company's stock valued at $28,000 after purchasing an additional 1,266 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Capri in the 1st quarter valued at about $30,000. UMB Bank n.a. increased its stake in shares of Capri by 134.9% in the 1st quarter. UMB Bank n.a. now owns 1,776 shares of the company's stock valued at $35,000 after purchasing an additional 1,020 shares in the last quarter. Twin Tree Management LP purchased a new position in shares of Capri in the 4th quarter valued at about $45,000. Finally, Fifth Third Bancorp increased its stake in shares of Capri by 139.6% in the 1st quarter. Fifth Third Bancorp now owns 2,343 shares of the company's stock valued at $46,000 after purchasing an additional 1,365 shares in the last quarter. Hedge funds and other institutional investors own 84.34% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CPRI shares. Barclays lowered their price objective on Capri from $19.00 to $13.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th. UBS Group lifted their price objective on Capri from $14.00 to $18.00 and gave the stock a "neutral" rating in a report on Thursday, May 29th. Wells Fargo & Company lowered their price objective on Capri from $30.00 to $25.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Telsey Advisory Group reiterated a "market perform" rating and issued a $20.00 price objective (up from $17.00) on shares of Capri in a report on Wednesday, May 28th. Finally, Wall Street Zen cut Capri from a "hold" rating to a "sell" rating in a report on Sunday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Capri presently has a consensus rating of "Hold" and a consensus price target of $22.50.

Capri Trading Down 0.3%

CPRI traded down $0.07 during trading hours on Monday, reaching $19.18. The company's stock had a trading volume of 2,011,557 shares, compared to its average volume of 3,534,186. Capri Holdings Limited has a fifty-two week low of $11.86 and a fifty-two week high of $43.34. The stock has a market cap of $2.26 billion, a PE ratio of -1.93, a P/E/G ratio of 0.41 and a beta of 1.67. The business's 50-day moving average is $17.61 and its 200-day moving average is $19.21. The company has a debt-to-equity ratio of 3.97, a current ratio of 1.14 and a quick ratio of 0.49.

Capri (NYSE:CPRI - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The company reported ($4.90) EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($5.12). The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $989.05 million. Capri had a negative net margin of 26.61% and a negative return on equity of 39.55%. The company's revenue was down 15.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.42 earnings per share. As a group, equities research analysts predict that Capri Holdings Limited will post 0.98 earnings per share for the current fiscal 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.