Junto Capital Management LP Decreases Stock Holdings in Capri Holdings Limited $CPRI

Key Points

• Junto Capital Management LP reduced its stake in Capri Holdings Limited by 21.5% in the 1st quarter, selling a total of 266,390 shares, leaving them with 0.83% ownership valued at approximately $19.2 million.
• Capri reported $0.50 earnings per share in its latest quarter, significantly exceeding analyst expectations of $0.13, despite a negative net margin of 26.73% and revenue decline of 6% year-over-year.
• Analysts' ratings have varied, with UBS Group lifting its price target from $18 to $23, while JPMorgan Chase upgraded their rating to "overweight" with a price objective raised to $30.

Junto Capital Management LP lowered its position in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) by 21.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 973,473 shares of the company's stock after selling 266,390 shares during the quarter. Junto Capital Management LP owned about 0.83% of Capri worth $19,207,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CPRI. Dimensional Fund Advisors LP lifted its position in Capri by 72.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,595,029 shares of the company's stock valued at $54,647,000 after buying an additional 1,088,051 shares during the period. Tower Research Capital LLC TRC lifted its position in Capri by 219.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 15,136 shares of the company's stock valued at $319,000 after buying an additional 10,402 shares during the period. Price T Rowe Associates Inc. MD lifted its position in Capri by 5.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 71,914 shares of the company's stock valued at $1,515,000 after buying an additional 4,009 shares during the period. Integrated Wealth Concepts LLC lifted its position in Capri by 80.6% during the fourth quarter. Integrated Wealth Concepts LLC now owns 13,525 shares of the company's stock valued at $285,000 after buying an additional 6,035 shares during the period. Finally, Northern Trust Corp lifted its position in Capri by 28.2% during the fourth quarter. Northern Trust Corp now owns 1,108,514 shares of the company's stock valued at $23,345,000 after buying an additional 243,641 shares during the period. Hedge funds and other institutional investors own 84.34% of the company's stock.

Capri Stock Performance

Shares of NYSE:CPRI traded up $0.39 during mid-day trading on Thursday, reaching $21.51. 1,354,106 shares of the company traded hands, compared to its average volume of 3,579,159. The company's 50 day moving average price is $19.60 and its 200-day moving average price is $18.48. The firm has a market cap of $2.56 billion, a PE ratio of -2.28, a PEG ratio of 0.44 and a beta of 1.75. Capri Holdings Limited has a 52 week low of $11.86 and a 52 week high of $43.34. The company has a debt-to-equity ratio of 3.97, a current ratio of 1.17 and a quick ratio of 0.61.

Capri (NYSE:CPRI - Get Free Report) last released 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 net margin of 26.73% and a negative return on equity of 53.50%. The firm's quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.04 EPS. On average, equities analysts expect that Capri Holdings Limited will post 0.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CPRI shares. Zacks Research upgraded Capri from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 26th. Telsey Advisory Group reiterated a "market perform" rating and issued a $22.00 price objective (up from $20.00) on shares of Capri in a report on Wednesday, August 6th. JPMorgan Chase & Co. upgraded Capri from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $21.00 to $30.00 in a report on Wednesday, August 13th. UBS Group lifted their price objective on Capri from $18.00 to $23.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. Finally, Wall Street Zen upgraded Capri from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Five equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $24.08.

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.