Jump Financial LLC Sells 397,638 Shares of Capri Holdings Limited $CPRI

Key Points

• Jump Financial LLC significantly reduced its holdings in Capri Holdings Limited by 81.1% during the first quarter, owning approximately 92,568 shares worth $1,826,000 after the sale.
• Multiple hedge funds, including Primecap Management Co. and American Century Companies Inc., have increased their stakes in Capri, showcasing strong institutional support with 84.34% of the company’s stock held by such investors.
• Analysts have mixed views on Capri's stock, with UBS raising the price target from $18 to $23 and JPMorgan upgrading it to an overweight rating with a price target of $30, while the stock has an average target price of $24.08.

Jump Financial LLC trimmed its holdings in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) by 81.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 92,568 shares of the company's stock after selling 397,638 shares during the quarter. Jump Financial LLC owned about 0.08% of Capri worth $1,826,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in CPRI. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Capri during the 1st quarter worth $30,000. Allspring Global Investments Holdings LLC purchased a new stake in Capri during the first quarter valued at about $826,000. Bayesian Capital Management LP bought a new stake in Capri during the fourth quarter worth about $767,000. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Capri by 14.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 18,420 shares of the company's stock worth $363,000 after purchasing an additional 2,271 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Capri by 6.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,070,258 shares of the company's stock valued at $21,116,000 after purchasing an additional 66,173 shares during the last quarter. Institutional investors own 84.34% of the company's stock.

Wall Street Analyst Weigh In

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

Capri Trading Down 0.1%

Shares of Capri stock traded down $0.02 during trading on Tuesday, reaching $20.57. 2,395,664 shares of the stock were exchanged, compared to its average volume of 3,349,306. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of -2.19, a price-to-earnings-growth ratio of 0.44 and a beta of 1.75. Capri Holdings Limited has a 1 year low of $11.86 and a 1 year high of $43.34. The stock's fifty day moving average is $19.52 and its 200 day moving average is $18.46. The company has a quick ratio of 0.61, a current ratio of 1.17 and a debt-to-equity ratio of 3.97.

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

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.