80,748 Shares of Capri Holdings Limited $CPRI Bought by Hohimer Wealth Management LLC

Key Points

• Hohimer Wealth Management initiated a position in Capri Holdings, buying 80,748 shares worth approximately $1.14 million, or about 0.08% of the company. Institutional investors and hedge funds collectively own 84.34% of Capri’s shares.
• Capri’s latest quarter beat earnings and revenue expectations: EPS was $0.42 versus forecasts of $0.21, and revenue was $809 million versus estimates of $786.55 million. Revenue nevertheless declined 5.5% year over year.
• Analysts have a consensus Hold rating and an average price target of $22.53. Recent ratings were mixed, including Barclays’ “overweight” rating and Wells Fargo’s “equal weight” rating.

Hohimer Wealth Management LLC purchased a new stake in Capri Holdings Limited (NYSE:CPRI - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The firm purchased 80,748 shares of the company's stock, valued at approximately $1,140,000. Hohimer Wealth Management LLC owned approximately 0.08% of Capri at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CPRI. Cooper Creek Partners Management LLC purchased a new stake in Capri during the 1st quarter worth approximately $23,784,000. Squarepoint Ops LLC purchased a new position in shares of Capri in the second quarter valued at approximately $4,878,000. Engineers Gate Manager LP purchased a new position in shares of Capri in the second quarter valued at approximately $3,804,000. Quantinno Capital Management LP lifted its position in shares of Capri by 105.4% in the first quarter. Quantinno Capital Management LP now owns 176,583 shares of the company's stock valued at $3,111,000 after acquiring an additional 90,600 shares in the last quarter. Finally, Polar Asset Management Partners Inc. purchased a new position in shares of Capri in the first quarter valued at approximately $3,027,000. 84.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CPRI has been the topic of a number of research analyst reports. Wells Fargo & Company lifted their price target on Capri from $16.00 to $18.00 and gave the stock an "equal weight" rating in a research note on Monday, November 2nd. TD Cowen started coverage on Capri in a research note on Friday, October 30th. They issued a "hold" rating for the company. Barclays raised their price objective on Capri from $19.00 to $24.00 and gave the company an "overweight" rating in a report on Monday, November 2nd. UBS Group raised their price objective on Capri from $17.00 to $19.00 and gave the company a "neutral" rating in a report on Monday, November 2nd. Finally, Wall Street Zen raised shares of Capri from a "hold" rating to a "buy" rating in a research note on Saturday, September 5th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $22.53.

Capri Stock Up 4.1%

Shares of NYSE CPRI opened at $21.38 on Tuesday. Capri Holdings Limited has a 12-month low of $12.40 and a 12-month high of $28.26. The stock has a market cap of $2.21 billion, a PE ratio of 12.08, a P/E/G ratio of 0.44 and a beta of 1.27. The company has a current ratio of 1.18, a quick ratio of 0.50 and a debt-to-equity ratio of 6.31. The company has a 50-day moving average of $15.49 and a 200 day moving average of $17.77.

Capri (NYSE:CPRI - Get Free Report) last released its earnings results on Saturday, October 31st. The company reported $0.42 earnings per share for the quarter, topping analysts' consensus estimates of $0.21 by $0.21. The business had revenue of $809.00 million for the quarter, compared to analyst estimates of $786.55 million. Capri had a net margin of 6.12% and a return on equity of 242.96%. The business's revenue was down 5.5% on a year-over-year basis. During the same period last year, the company posted ($0.03) EPS. As a group, sell-side analysts predict that Capri Holdings Limited will post 2.18 EPS for the current fiscal year.

Capri Company Profile

Capri Holdings Limited is a global fashion group focused on designing, marketing and distributing luxury apparel, footwear, handbags, accessories and related products. Its portfolio includes Michael Kors and Jimmy Choo, whose products are sold through company-operated stores, e-commerce platforms and wholesale partners.

The company serves customers in markets around the world, including North America, Europe and Asia. Its brands offer a range of products, including ready-to-wear clothing, shoes, bags, watches, eyewear, jewelry and fragrances.

Capri was previously known as Michael Kors Holdings Limited and adopted its current name in 2018, when it expanded its portfolio to include Versace.

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