Arkadios Wealth Advisors Makes New Investment in Capri Holdings Limited (NYSE:CPRI)

Key Points

• Arkadios Wealth Advisors has acquired a new position in Capri Holdings Limited, purchasing 35,988 shares valued at approximately $710,000.
• Capri recently reported earnings of ($4.90) per share, missing the consensus estimate of $0.22, and its quarterly revenue was down 15.4% year-over-year.
• Analysts have varied price targets for Capri, with Barclays lowering theirs to $13.00, while JPMorgan raised theirs to $21.00, reflecting differing outlooks on the stock.

Arkadios Wealth Advisors acquired a new position in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 35,988 shares of the company's stock, valued at approximately $710,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CPRI. Vanguard Group Inc. raised its position in shares of Capri by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 11,377,630 shares of the company's stock valued at $239,613,000 after purchasing an additional 151,866 shares during the period. FMR LLC boosted its position in Capri by 249.4% during the fourth quarter. FMR LLC now owns 9,987,603 shares of the company's stock valued at $210,339,000 after acquiring an additional 7,129,123 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Capri by 72.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,595,029 shares of the company's stock worth $54,647,000 after buying an additional 1,088,051 shares during the period. Vaughan Nelson Investment Management L.P. grew its position in Capri by 7.4% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 2,496,815 shares of the company's stock valued at $49,262,000 after purchasing an additional 172,360 shares during the period. Finally, DME Capital Management LP boosted its position in shares of Capri by 93.6% during the fourth quarter. DME Capital Management LP now owns 2,103,717 shares of the company's stock valued at $44,304,000 after buying an additional 1,017,072 shares during the last quarter. 84.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CPRI shares. UBS Group increased their price target on shares of Capri from $14.00 to $18.00 and gave the company a "neutral" rating in a research report on Thursday, May 29th. Telsey Advisory Group restated a "market perform" rating and issued a $20.00 price target on shares of Capri in a research note on Wednesday, July 30th. JPMorgan Chase & Co. lifted their target price on Capri from $18.00 to $21.00 and gave the company a "neutral" rating in a research report on Monday, July 28th. Robert W. Baird decreased their price objective on Capri from $26.00 to $18.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Finally, Wells Fargo & Company dropped their target price on Capri from $30.00 to $25.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $22.75.

Capri Trading Down 0.4%

CPRI stock traded down $0.07 during midday trading on Tuesday, reaching $18.25. 4,447,764 shares of the company's stock traded hands, compared to its average volume of 2,601,900. The company has a market capitalization of $2.15 billion, a P/E ratio of -1.83, a PEG ratio of 0.39 and a beta of 1.72. The business has a 50-day moving average price of $18.16 and a two-hundred day moving average price of $18.87. 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 Holdings Limited has a fifty-two week low of $11.86 and a fifty-two week high of $43.34.

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

Capri Company 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.