Maxi Investments CY Ltd Invests $957,000 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 purchased a new stake in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 48,500 shares of the company's stock, valued at approximately $957,000.

A number of other large investors have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC boosted its holdings in shares of Capri by 192.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 14,292 shares of the company's stock worth $301,000 after purchasing an additional 9,399 shares during the period. LPL Financial LLC lifted its holdings in Capri by 49.7% in the 4th quarter. LPL Financial LLC now owns 119,515 shares of the company's stock worth $2,517,000 after buying an additional 39,685 shares during the period. Pictet Asset Management Holding SA lifted its holdings in Capri by 23.6% in the 4th quarter. Pictet Asset Management Holding SA now owns 19,389 shares of the company's stock worth $408,000 after buying an additional 3,705 shares during the period. National Bank of Canada FI bought a new stake in shares of Capri in the 4th quarter worth approximately $2,704,000. Finally, Trexquant Investment LP purchased a new position in shares of Capri during the fourth quarter valued at approximately $269,000. Institutional investors own 84.34% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on CPRI. Robert W. Baird dropped their price target on Capri from $26.00 to $18.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Telsey Advisory Group reiterated a "market perform" rating and set a $22.00 price target (up previously from $20.00) on shares of Capri in a research report on Wednesday. Wall Street Zen downgraded shares of Capri from a "hold" rating to a "sell" rating in a research note on Sunday, July 13th. 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 research report on Friday, April 11th. Finally, JPMorgan Chase & Co. increased their target price on Capri from $18.00 to $21.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $23.33.

Capri Stock Down 0.4%

Shares of NYSE CPRI traded down $0.08 during trading on Thursday, reaching $20.76. The company had a trading volume of 4,672,041 shares, compared to its average volume of 3,123,633. Capri Holdings Limited has a 12-month low of $11.86 and a 12-month high of $43.34. The company has a quick ratio of 0.49, a current ratio of 1.17 and a debt-to-equity ratio of 3.97. The business's 50-day moving average is $18.27 and its 200 day moving average is $18.86. The stock has a market cap of $2.45 billion, a PE ratio of -2.21, a P/E/G ratio of 0.45 and a beta of 1.72.

Capri (NYSE:CPRI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.13 by $0.37. The company had revenue of $797.00 million for the quarter, compared to the consensus estimate of $773.18 million. Capri had a negative net margin of 26.73% and a negative return on equity of 53.50%. Capri's revenue for the quarter was down 6.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.04 EPS. As a group, equities analysts forecast that Capri Holdings Limited will post 0.98 earnings per share for the current fiscal year.

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.