Fortis Group Advisors LLC Buys Shares of 24,600 Capri Holdings Limited (NYSE:CPRI)

Fortis Group Advisors LLC purchased a new stake in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 24,600 shares of the company's stock, valued at approximately $485,000.

Other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its holdings in shares of Capri by 0.3% during the first quarter. Principal Financial Group Inc. now owns 271,400 shares of the company's stock valued at $5,355,000 after purchasing an additional 709 shares during the last quarter. Xponance Inc. boosted its holdings in Capri by 5.7% in the fourth quarter. Xponance Inc. now owns 14,056 shares of the company's stock worth $296,000 after acquiring an additional 757 shares in the last quarter. Investors Research Corp increased its holdings in shares of Capri by 3.8% during the first quarter. Investors Research Corp now owns 21,669 shares of the company's stock valued at $428,000 after acquiring an additional 800 shares in the last quarter. UMB Bank n.a. raised its position in shares of Capri by 134.9% in the 1st 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 during the last quarter. Finally, Farther Finance Advisors LLC raised its position 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 worth $28,000 after purchasing an additional 1,266 shares during the last quarter. 84.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CPRI. UBS Group boosted their target price on shares of Capri from $14.00 to $18.00 and gave the company a "neutral" rating in a research note on Thursday, May 29th. JPMorgan Chase & Co. lowered their target price on Capri from $19.00 to $18.00 and set a "neutral" rating on the stock in a report on Thursday, May 29th. Wells Fargo & Company reduced their price target on shares of Capri from $30.00 to $25.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Wall Street Zen lowered shares of Capri from a "hold" rating to a "sell" rating in a research report on Sunday, July 13th. Finally, Robert W. Baird reduced their target price on shares of Capri from $26.00 to $18.00 and set a "neutral" rating for the company in a report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $22.50.

Capri Price Performance

Shares of CPRI traded down $0.16 during mid-day trading on Monday, hitting $19.41. 2,357,321 shares of the company were exchanged, compared to its average volume of 3,556,565. The company has a 50 day moving average of $17.92 and a 200-day moving average of $19.15. 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 $2.29 billion, a price-to-earnings ratio of -1.95, a price-to-earnings-growth ratio of 0.41 and a beta of 1.67. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.49 and a current ratio of 1.14.

Capri (NYSE:CPRI - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The company reported ($4.90) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $989.05 million. During the same period last year, the company earned $0.42 EPS. The business's quarterly revenue was down 15.4% on a year-over-year basis. Analysts expect that Capri Holdings Limited will post 0.98 EPS for the current fiscal year.

Capri 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.