Maxi Investments CY Ltd Purchases New Shares in Capri Holdings Limited (NYSE:CPRI)

Key Points

• Maxi Investments CY Ltd has acquired a new stake in Capri Holdings Limited, purchasing 48,500 shares valued at approximately $957,000 in the first quarter.
• Capri Holdings reported a quarterly EPS of ($4.90), significantly below the estimated $0.22, while also posting revenue of $1.04 billion.
• Analysts have mixed opinions on Capri, with one firm issuing a sell rating while others maintain a "Hold" rating, and the consensus target price stands at $22.75.

Maxi Investments CY Ltd bought a new position in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 48,500 shares of the company's stock, valued at approximately $957,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its holdings in Capri by 5.7% during the first quarter. PNC Financial Services Group Inc. now owns 12,320 shares of the company's stock worth $243,000 after buying an additional 667 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Capri by 30.2% during the 1st quarter. US Bancorp DE now owns 4,932 shares of the company's stock valued at $97,000 after purchasing an additional 1,143 shares in the last quarter. Shufro Rose & Co. LLC bought a new position in shares of Capri during the 1st quarter valued at about $215,000. Natixis Advisors LLC lifted its holdings in shares of Capri by 0.5% during the 1st quarter. Natixis Advisors LLC now owns 436,692 shares of the company's stock valued at $8,616,000 after purchasing an additional 2,342 shares in the last quarter. Finally, Arkadios Wealth Advisors bought a new position in shares of Capri during the 1st quarter valued at about $710,000. Institutional investors own 84.34% of the company's stock.

Capri Stock Down 5.1%

Shares of NYSE:CPRI traded down $1.05 during trading on Friday, hitting $19.72. 3,469,535 shares of the company were exchanged, compared to its average volume of 3,234,043. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of -2.10, a P/E/G ratio of 0.45 and a beta of 1.72. Capri Holdings Limited has a fifty-two week low of $11.86 and a fifty-two week high of $43.34. The firm has a fifty day moving average price of $18.30 and a two-hundred day moving average price of $18.83. The company has a current ratio of 1.17, a quick ratio of 0.49 and a debt-to-equity ratio of 3.97.

Capri (NYSE:CPRI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.37. The firm had revenue of $797.00 million for 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 business's quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.04 EPS. As a group, research analysts anticipate that Capri Holdings Limited will post 0.98 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on CPRI. Robert W. Baird cut their price objective on Capri from $26.00 to $18.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. UBS Group lifted their price objective on Capri from $18.00 to $23.00 and gave the company a "neutral" rating in a report on Thursday. Wall Street Zen upgraded Capri from a "sell" rating to a "hold" rating in a report on Saturday. Wells Fargo & Company cut their price objective on Capri from $30.00 to $25.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Finally, JPMorgan Chase & Co. lifted their price objective on Capri from $18.00 to $21.00 and gave the company a "neutral" rating in a report on Monday, July 28th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $23.33.

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.