Entropy Technologies LP Takes $247,000 Position in Capri Holdings Limited $CPRI

Key Points

• Entropy Technologies LP has acquired 12,496 shares of Capri Holdings Limited, valued at approximately $247,000, marking a new investment in the company.
• Several analysts have upgraded their ratings on Capri shares, with JPMorgan increasing its target price to $30.00 and the consensus rating shifting to "Hold" with a target price of $24.08.
• In its latest earnings report, Capri Holdings reported earnings per share of $0.50, which beat analyst estimates, but showed a revenue decline of 6% year-over-year.

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

A number of other large investors also recently made changes to their positions in the business. Invesco Ltd. increased its holdings in shares of Capri by 3.1% in the 1st quarter. Invesco Ltd. now owns 386,555 shares of the company's stock valued at $7,627,000 after purchasing an additional 11,627 shares during the period. Pinpoint Asset Management Ltd acquired a new position in shares of Capri in the 1st quarter valued at about $530,000. Charles Schwab Investment Management Inc. grew its stake in shares of Capri by 6.6% in 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 buying an additional 66,173 shares in the last quarter. Primecap Management Co. CA grew its stake in shares of Capri by 10.6% in the 1st quarter. Primecap Management Co. CA now owns 5,183,720 shares of the company's stock valued at $102,275,000 after buying an additional 495,387 shares in the last quarter. Finally, Exencial Wealth Advisors LLC grew its stake in shares of Capri by 9.1% in the 1st quarter. Exencial Wealth Advisors LLC now owns 17,075 shares of the company's stock valued at $337,000 after buying an additional 1,424 shares in the last quarter. Institutional investors and hedge funds own 84.34% of the company's stock.

Capri Trading Up 0.5%

CPRI stock traded up $0.1050 during midday trading on Tuesday, reaching $20.6050. The stock had a trading volume of 464,798 shares, compared to its average volume of 3,665,976. The firm has a market cap of $2.45 billion, a price-to-earnings ratio of -2.19, a PEG ratio of 0.44 and a beta of 1.72. Capri Holdings Limited has a twelve month low of $11.86 and a twelve month high of $43.34. The business has a fifty day simple moving average of $18.70 and a two-hundred day simple moving average of $18.55. 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, topping the consensus estimate of $0.13 by $0.37. The company had revenue of $797.00 million during the quarter, compared to analyst estimates 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 in the previous year, the company earned $0.04 EPS. As a group, research analysts expect that Capri Holdings Limited will post 0.98 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CPRI shares. JPMorgan Chase & Co. raised Capri from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $21.00 to $30.00 in a research note on Wednesday, August 13th. Wall Street Zen upgraded shares of Capri from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. UBS Group raised 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, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $22.00 target price (up from $20.00) on shares of Capri in a research report on Wednesday, August 6th. Five analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus 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.