Capri Holdings Limited $CPRI Shares Acquired by Vontobel Holding Ltd.

Key Points

• Vontobel Holding Ltd. increased its stake in Capri Holdings by 40.2%, owning 61,770 shares valued at $1,093,000 after acquiring an additional 17,711 shares.
• Capri reported a 50 cents EPS for the last quarter, exceeding analysts' expectations of 13 cents, despite a 6% year-over-year revenue decrease.
• The stock currently holds a consensus rating of “Hold” with a target price of $24.08, with five analysts rating it as a Buy.

Vontobel Holding Ltd. lifted its stake in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) by 40.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 61,770 shares of the company's stock after acquiring an additional 17,711 shares during the quarter. Vontobel Holding Ltd. owned about 0.05% of Capri worth $1,093,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Capricorn Fund Managers Ltd increased its stake in shares of Capri by 62.5% during the second quarter. Capricorn Fund Managers Ltd now owns 260,000 shares of the company's stock valued at $4,602,000 after acquiring an additional 100,000 shares during the period. SWS Partners increased its stake in shares of Capri by 74.4% during the second quarter. SWS Partners now owns 124,648 shares of the company's stock valued at $2,206,000 after acquiring an additional 53,164 shares during the period. Accurate Wealth Management LLC increased its stake in shares of Capri by 26.2% during the second quarter. Accurate Wealth Management LLC now owns 46,296 shares of the company's stock valued at $819,000 after acquiring an additional 9,620 shares during the period. Counterpoint Mutual Funds LLC acquired a new position in shares of Capri during the second quarter valued at approximately $754,000. Finally, GAMMA Investing LLC increased its stake in shares of Capri by 174.9% during the second quarter. GAMMA Investing LLC now owns 11,499 shares of the company's stock valued at $204,000 after acquiring an additional 7,316 shares during the period. Institutional investors and hedge funds own 84.34% of the company's stock.

Capri Trading Down 6.6%

Capri stock opened at $19.15 on Monday. The company has a 50 day moving average price of $20.68 and a 200 day moving average price of $18.37. Capri Holdings Limited has a 52 week low of $11.86 and a 52 week high of $43.34. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.61 and a current ratio of 1.17. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of -2.04, a P/E/G ratio of 0.41 and a beta of 1.82.

Capri (NYSE:CPRI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported $0.50 EPS for the quarter, topping analysts' consensus estimates 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 firm had revenue of $797.00 million during the quarter, compared to analyst estimates of $773.18 million. During the same quarter last year, the business posted $0.04 EPS. The company's revenue was down 6.0% on a year-over-year basis. Research analysts forecast that Capri Holdings Limited will post 0.98 EPS for the current year.

Wall Street Analyst Weigh In

CPRI has been the topic of several recent research reports. Wall Street Zen upgraded shares of Capri from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Telsey Advisory Group restated a "market perform" rating and issued a $22.00 price target (up previously from $20.00) on shares of Capri in a research report on Wednesday, August 6th. UBS Group lifted their price target on shares of Capri from $18.00 to $23.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. JPMorgan Chase & Co. upgraded shares of Capri from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $21.00 to $30.00 in a research report on Wednesday, August 13th. Finally, Zacks Research upgraded shares of Capri from a "strong sell" rating to a "hold" rating in a research report on Tuesday, August 26th. Five research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $24.08.

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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