American Century Companies Inc. Has $40.25 Million Stake in Capri Holdings Limited $CPRI

Key Points

• American Century Companies Inc. increased its stake in Capri Holdings Limited by 143.3% during the first quarter, owning nearly 2 million shares valued at approximately $40 million.
• Several analysts have recently upgraded their price targets for Capri, with J.P. Morgan raising it to $30.00, reflecting growing confidence in the company's stock.
• Capri reported earnings of $0.50 per share for the last quarter, surpassing analyst expectations, although revenue declined 6% year-over-year.

American Century Companies Inc. lifted its stake in Capri Holdings Limited (NYSE:CPRI - Free Report) by 143.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,039,887 shares of the company's stock after acquiring an additional 1,201,488 shares during the period. American Century Companies Inc. owned 1.73% of Capri worth $40,247,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. PNC Financial Services Group Inc. raised its stake in Capri by 5.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 12,320 shares of the company's stock valued at $243,000 after purchasing an additional 667 shares during the last quarter. Principal Financial Group Inc. grew its holdings in Capri by 0.3% during the 1st quarter. Principal Financial Group Inc. now owns 271,400 shares of the company's stock worth $5,355,000 after acquiring an additional 709 shares during the last quarter. Investors Research Corp grew its holdings in Capri by 3.8% during the 1st quarter. Investors Research Corp now owns 21,669 shares of the company's stock worth $428,000 after acquiring an additional 800 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich grew its holdings in Capri by 3.1% during the 1st 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 last quarter. Finally, UMB Bank n.a. grew its holdings in Capri by 134.9% during the 1st 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 last quarter. 84.34% of the stock is currently owned by institutional investors and hedge funds.

Capri Price Performance

CPRI remained flat at $21.49 during trading on Monday. 712,052 shares of the company's stock were exchanged, compared to its average volume of 3,637,692. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.61 and a current ratio of 1.17. Capri Holdings Limited has a 1 year low of $11.86 and a 1 year high of $43.34. The company's 50 day moving average price is $18.94 and its two-hundred day moving average price is $18.49. The stock has a market capitalization of $2.56 billion, a P/E ratio of -2.29, a P/E/G ratio of 0.46 and a beta of 1.72.

Capri (NYSE:CPRI - Get Free Report) last announced 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. The business had revenue of $797.00 million for the quarter, compared to analyst estimates of $773.18 million. Capri had a negative net margin of 26.73% and a negative return on equity of 53.50%. The firm's revenue for the quarter was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.04 earnings per share. As a group, sell-side analysts predict that Capri Holdings Limited will post 0.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $22.00 target price (up previously from $20.00) on shares of Capri in a research note on Wednesday, August 6th. JPMorgan Chase & Co. raised shares of Capri from a "neutral" rating to an "overweight" rating and raised their target price for the company from $21.00 to $30.00 in a research note on Wednesday, August 13th. UBS Group lifted their price objective on shares of Capri from $18.00 to $23.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Finally, Wall Street Zen raised shares of Capri from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Five research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $24.08.

About Capri

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.