Royce & Associates LP Purchases Shares of 275,580 Capri Holdings Limited (NYSE:CPRI)

Key Points

• Royce & Associates LP has acquired 275,580 shares of Capri Holdings Limited, valued at approximately $5.4 million, representing 0.23% ownership of the company.
• Capri Holdings reported a significant loss of $4.90 EPS for the last quarter, missing analyst estimates, and recorded a 15.4% decline in year-over-year revenue.
• Institutional investors hold approximately 84.34% of Capri's stock, with several firms recently raising or adjusting their price objectives for the company's shares.

Royce & Associates LP purchased a new stake in Capri Holdings Limited (NYSE:CPRI - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 275,580 shares of the company's stock, valued at approximately $5,437,000. Royce & Associates LP owned 0.23% of Capri at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Principal Financial Group Inc. raised its stake in shares of Capri by 0.3% in the 1st quarter. Principal Financial Group Inc. now owns 271,400 shares of the company's stock valued at $5,355,000 after purchasing an additional 709 shares during the period. Investors Research Corp increased its position in shares of Capri by 3.8% in the first quarter. Investors Research Corp now owns 21,669 shares of the company's stock valued at $428,000 after acquiring an additional 800 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in shares of Capri by 3.1% during the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 30,163 shares of the company's stock worth $595,000 after acquiring an additional 905 shares during the period. UMB Bank n.a. boosted its holdings in shares of Capri by 134.9% during the first quarter. UMB Bank n.a. now owns 1,776 shares of the company's stock worth $35,000 after acquiring an additional 1,020 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Capri by 758.1% during the first quarter. Farther Finance Advisors LLC now owns 1,433 shares of the company's stock worth $28,000 after acquiring an additional 1,266 shares during the period. Institutional investors and hedge funds own 84.34% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CPRI shares. UBS Group boosted their price target on Capri from $14.00 to $18.00 and gave the company a "neutral" rating in a research note on Thursday, May 29th. Wall Street Zen cut Capri from a "hold" rating to a "sell" rating in a research note on Sunday, July 13th. Barclays cut 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. Wells Fargo & Company cut their price target on Capri from $30.00 to $25.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Finally, Telsey Advisory Group restated a "market perform" rating and set a $20.00 price objective on shares of Capri in a research report on Wednesday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, Capri has an average rating of "Hold" and a consensus price target of $22.75.

Capri Price Performance

Shares of NYSE:CPRI traded down $0.30 during trading on Wednesday, hitting $18.85. 360,652 shares of the company were exchanged, compared to its average volume of 3,593,015. The company has a market capitalization of $2.22 billion, a P/E ratio of -1.89, a price-to-earnings-growth ratio of 0.42 and a beta of 1.67. Capri Holdings Limited has a 1-year low of $11.86 and a 1-year high of $43.34. The business's 50 day moving average is $18.07 and its 200-day moving average is $19.06. The company has a quick ratio of 0.49, a current ratio of 1.14 and a debt-to-equity ratio of 3.97.

Capri (NYSE:CPRI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The company reported ($4.90) earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by ($5.12). The company 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 business's revenue for the quarter was down 15.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.42 earnings per share. Equities analysts forecast that Capri Holdings Limited will post 0.98 earnings per share for the current year.

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.