Entropy Technologies LP Takes Position in Capri Holdings Limited (NYSE:CPRI)

Entropy Technologies LP acquired a new stake in Capri Holdings Limited (NYSE:CPRI - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,496 shares of the company's stock, valued at approximately $247,000.

Other large investors have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its holdings in Capri by 758.1% in the first 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 last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Capri in the first quarter valued at approximately $30,000. Banque Cantonale Vaudoise acquired a new position in Capri during the first quarter worth $29,000. UMB Bank n.a. lifted its stake in Capri by 134.9% during the first quarter. UMB Bank n.a. now owns 1,776 shares of the company's stock worth $35,000 after purchasing an additional 1,020 shares in the last quarter. Finally, 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. 84.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on CPRI. JPMorgan Chase & Co. upgraded Capri from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $21.00 to $30.00 in a research note on Wednesday. UBS Group upped their price target on Capri from $18.00 to $23.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. 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 note on Wednesday, August 6th. Finally, Wall Street Zen upgraded Capri from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $24.08.

Capri Stock Down 3.0%

Shares of NYSE CPRI opened at $21.38 on Friday. The stock has a market cap of $2.55 billion, a P/E ratio of -2.27, a PEG ratio of 0.46 and a beta of 1.72. The company has a current ratio of 1.17, a quick ratio of 0.61 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 business's fifty day simple moving average is $18.56 and its 200-day simple moving average is $18.71.

Capri (NYSE:CPRI - Get Free Report) last announced its quarterly earnings data 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 business 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 company's revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period last year, the firm earned $0.04 earnings per share. As a group, equities analysts predict that Capri Holdings Limited will post 0.98 EPS for the current fiscal year.

Capri Company 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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