Allianz Asset Management GmbH Has $20.53 Million Holdings in Capri Holdings Limited $CPRI

Key Points

• Allianz Asset Management GmbH increased its holdings in Capri Holdings Limited by 53.5%, now owning over 1.16 million shares worth approximately $20.53 million.
• Capri reported earnings of $0.50 EPS, significantly exceeding expectations, despite a negative net margin of 26.73% and a revenue decline of 6% year-over-year.
• Analysts have mixed views on Capri, with ratings ranging from “buy” to “sell”, and a consensus price target of $24.54.

Allianz Asset Management GmbH raised its position in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) by 53.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 1,160,047 shares of the company's stock after purchasing an additional 404,212 shares during the quarter. Allianz Asset Management GmbH owned approximately 0.98% of Capri worth $20,533,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CPRI. American Century Companies Inc. increased its position in Capri by 143.3% during the 1st quarter. American Century Companies Inc. now owns 2,039,887 shares of the company's stock valued at $40,247,000 after purchasing an additional 1,201,488 shares during the period. Jennison Associates LLC acquired a new stake in Capri during the 1st quarter valued at approximately $17,559,000. Woodline Partners LP acquired a new stake in Capri during the 1st quarter valued at approximately $11,502,000. Primecap Management Co. CA increased its position in Capri by 10.6% during the 1st quarter. Primecap Management Co. CA now owns 5,183,720 shares of the company's stock valued at $102,275,000 after purchasing an additional 495,387 shares during the period. Finally, Adage Capital Partners GP L.L.C. acquired a new stake in shares of Capri during the 1st quarter worth approximately $8,673,000. Institutional investors and hedge funds own 84.34% of the company's stock.

Capri Stock Performance

NYSE CPRI opened at $21.25 on Monday. The company has a fifty day simple moving average of $20.78 and a 200 day simple moving average of $18.43. Capri Holdings Limited has a 12-month low of $11.86 and a 12-month high of $42.91. The company has a current ratio of 1.17, a quick ratio of 0.61 and a debt-to-equity ratio of 3.97. The company has a market cap of $2.53 billion, a P/E ratio of -2.26, a PEG ratio of 0.45 and a beta of 1.82.

Capri (NYSE:CPRI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.37. Capri had a negative net margin of 26.73% and a negative return on equity of 53.50%. The business had revenue of $797.00 million during the quarter, compared to the consensus estimate of $773.18 million. During the same quarter last year, the firm posted $0.04 EPS. Capri's revenue was down 6.0% compared to the same quarter last year. Sell-side analysts predict that Capri Holdings Limited will post 0.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Wall Street Zen raised shares of Capri from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Capri in a research report on Wednesday, October 8th. JPMorgan Chase & Co. raised shares of Capri from a "neutral" rating to an "overweight" rating and raised their price objective for the stock from $21.00 to $30.00 in a research report on Wednesday, August 13th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $22.00 price objective (up previously from $20.00) on shares of Capri in a research report on Wednesday, August 6th. Finally, Zacks Research raised shares of Capri from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 26th. Six investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $24.54.

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.

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