Avory & Company LLC Boosts Stock Position in Capri Holdings Limited (NYSE:CPRI)

Avory & Company LLC boosted its holdings in Capri Holdings Limited (NYSE:CPRI - Free Report) by 36.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 245,729 shares of the company's stock after purchasing an additional 65,422 shares during the quarter. Capri comprises 3.0% of Avory & Company LLC's holdings, making the stock its 12th largest holding. Avory & Company LLC owned 0.21% of Capri worth $4,848,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in CPRI. FMR LLC increased its holdings in Capri by 249.4% in the fourth quarter. FMR LLC now owns 9,987,603 shares of the company's stock worth $210,339,000 after purchasing an additional 7,129,123 shares in the last quarter. Norges Bank bought a new stake in Capri in the fourth quarter worth approximately $58,070,000. Junto Capital Management LP bought a new stake in shares of Capri during the fourth quarter valued at approximately $26,112,000. Segall Bryant & Hamill LLC bought a new stake in shares of Capri during the fourth quarter valued at approximately $24,617,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Capri by 72.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,595,029 shares of the company's stock valued at $54,647,000 after acquiring an additional 1,088,051 shares in the last quarter. 84.34% of the stock is currently owned by institutional investors.

Capri Stock Up 0.8%

Shares of NYSE:CPRI traded up $0.14 during mid-day trading on Monday, hitting $17.72. 2,395,510 shares of the company traded hands, compared to its average volume of 3,469,251. The stock has a market cap of $2.09 billion, a P/E ratio of -1.78, a P/E/G ratio of 0.37 and a beta of 1.70. The company has a current ratio of 1.14, a quick ratio of 0.49 and a debt-to-equity ratio of 3.97. Capri Holdings Limited has a 12-month low of $11.86 and a 12-month high of $43.34. The stock has a 50-day moving average price of $16.92 and a two-hundred day moving average price of $19.38.

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

Analyst Ratings Changes

Several equities research analysts have recently commented on CPRI shares. Telsey Advisory Group restated a "market perform" rating and set a $20.00 price objective (up previously from $17.00) on shares of Capri in a report on Wednesday, May 28th. Barclays decreased their price objective on Capri from $19.00 to $13.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. UBS Group boosted their price objective on Capri from $14.00 to $18.00 and gave the company a "neutral" rating in a report on Thursday, May 29th. Wells Fargo & Company decreased their price objective on Capri from $30.00 to $25.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Finally, Wall Street Zen downgraded Capri from a "hold" rating to a "sell" rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $22.50.

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.