Avory & Company LLC boosted its holdings in Capri Holdings Limited (NYSE:CPRI - Free Report) by 36.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 245,729 shares of the company's stock after acquiring an additional 65,422 shares during the period. Capri accounts for about 3.0% of Avory & Company LLC's portfolio, making the stock its 12th largest holding. Avory & Company LLC owned approximately 0.21% of Capri worth $4,848,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in CPRI. Farther Finance Advisors LLC raised its stake in shares of Capri by 758.1% in the 1st quarter. Farther Finance Advisors LLC now owns 1,433 shares of the company's stock valued at $28,000 after acquiring an additional 1,266 shares during the period. UMB Bank n.a. raised its position in Capri by 134.9% in the first quarter. UMB Bank n.a. now owns 1,776 shares of the company's stock valued at $35,000 after purchasing an additional 1,020 shares during the period. Twin Tree Management LP acquired a new position in Capri during the fourth quarter worth $45,000. Fifth Third Bancorp lifted its stake in Capri by 139.6% during the first quarter. Fifth Third Bancorp now owns 2,343 shares of the company's stock worth $46,000 after purchasing an additional 1,365 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new position in shares of Capri during the fourth quarter worth $74,000. 84.34% of the stock is currently owned by institutional investors and hedge funds.
Capri Trading Up 3.3%
NYSE:CPRI opened at $17.54 on Friday. Capri Holdings Limited has a 1 year low of $11.86 and a 1 year high of $43.34. The stock has a market cap of $2.07 billion, a P/E ratio of -1.76, a P/E/G ratio of 0.36 and a beta of 1.70. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.49 and a current ratio of 1.14. The stock has a 50-day simple moving average of $16.76 and a 200-day simple moving average of $19.47.
Capri (NYSE:CPRI - Get Free Report) last announced its quarterly earnings results on Wednesday, May 28th. The company reported ($4.90) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($5.12). Capri had a negative net margin of 26.61% and a negative return on equity of 39.55%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $989.05 million. During the same period last year, the company earned $0.42 earnings per share. The business's revenue for the quarter was down 15.4% compared to the same quarter last year. As a group, analysts anticipate that Capri Holdings Limited will post 0.98 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
CPRI has been the topic of several research reports. Barclays decreased their target price on Capri from $19.00 to $13.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 10th. Wells Fargo & Company lowered their price objective on shares of Capri from $30.00 to $25.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Wall Street Zen upgraded shares of Capri from a "sell" rating to a "hold" rating in a report on Sunday, June 8th. JPMorgan Chase & Co. reduced their target price on shares of Capri from $19.00 to $18.00 and set a "neutral" rating on the stock in a report on Thursday, May 29th. Finally, Telsey Advisory Group reissued a "market perform" rating and issued a $20.00 price target (up previously from $17.00) on shares of Capri in a research report on Wednesday, May 28th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $22.50.
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About Capri
(
Free Report)
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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