Fortis Group Advisors LLC Makes New $485,000 Investment in Capri Holdings Limited (NYSE:CPRI)

Fortis Group Advisors LLC purchased a new stake in Capri Holdings Limited (NYSE:CPRI - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 24,600 shares of the company's stock, valued at approximately $485,000.

A number of other hedge funds also recently made changes to their positions in CPRI. Segall Bryant & Hamill LLC raised its holdings in Capri by 5.5% during the first quarter. Segall Bryant & Hamill LLC now owns 1,233,691 shares of the company's stock worth $24,341,000 after purchasing an additional 64,798 shares in the last quarter. Banque Pictet & Cie SA bought a new stake in Capri during the first quarter worth approximately $318,000. M&T Bank Corp bought a new stake in Capri during the first quarter worth approximately $340,000. Hourglass Capital LLC lifted its position in Capri by 7.2% in the first quarter. Hourglass Capital LLC now owns 103,550 shares of the company's stock worth $2,043,000 after purchasing an additional 6,980 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of Capri by 0.3% in the first quarter. Principal Financial Group Inc. now owns 271,400 shares of the company's stock valued at $5,355,000 after buying an additional 709 shares during the last quarter. Hedge funds and other institutional investors own 84.34% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Robert W. Baird decreased their price target on Capri from $26.00 to $18.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. JPMorgan Chase & Co. cut their price objective on Capri from $19.00 to $18.00 and set a "neutral" rating on the stock in a research report on Thursday, May 29th. Telsey Advisory Group restated a "market perform" rating and issued a $20.00 target price (up from $17.00) on shares of Capri in a research note on Wednesday, May 28th. UBS Group raised their price target on Capri from $14.00 to $18.00 and gave the stock a "neutral" rating in a research report on Thursday, May 29th. Finally, Wall Street Zen cut Capri from a "hold" rating to a "sell" rating in a research note on Sunday, July 13th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Capri has an average rating of "Hold" and a consensus target price of $22.50.

Capri Stock Performance

NYSE:CPRI opened at $19.43 on Friday. The company has a quick ratio of 0.49, a current ratio of 1.14 and a debt-to-equity ratio of 3.97. The company has a fifty day simple moving average of $17.86 and a two-hundred day simple moving average of $19.18. The company has a market cap of $2.29 billion, a price-to-earnings ratio of -1.95, a price-to-earnings-growth ratio of 0.39 and a beta of 1.67. Capri Holdings Limited has a 52 week low of $11.86 and a 52 week high of $43.34.

Capri (NYSE:CPRI - Get Free Report) last released its quarterly earnings results on Wednesday, May 28th. The company reported ($4.90) EPS for the quarter, missing the consensus estimate of $0.22 by ($5.12). The business had revenue of $1.04 billion during the quarter, compared to analyst estimates 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 revenue for the quarter was down 15.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.42 earnings per share. As a group, equities analysts anticipate that Capri Holdings Limited will post 0.98 earnings per share 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.

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