M&T Bank Corp Purchases Shares of 17,205 Capri Holdings Limited (NYSE:CPRI)

M&T Bank Corp purchased a new stake in Capri Holdings Limited (NYSE:CPRI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 17,205 shares of the company's stock, valued at approximately $340,000.

Several other large investors have also made changes to their positions in CPRI. Farther Finance Advisors LLC raised its holdings in Capri by 758.1% in the first quarter. Farther Finance Advisors LLC now owns 1,433 shares of the company's stock valued at $28,000 after buying an additional 1,266 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Capri during the first quarter worth $30,000. UMB Bank n.a. raised its position in shares of Capri by 134.9% during the first 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 period. Twin Tree Management LP bought a new position in shares of Capri during the 4th quarter worth approximately $45,000. Finally, Fifth Third Bancorp raised its holdings in Capri by 139.6% in the 1st quarter. Fifth Third Bancorp now owns 2,343 shares of the company's stock valued at $46,000 after acquiring an additional 1,365 shares in the last quarter. 84.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CPRI shares. Telsey Advisory Group reissued a "market perform" rating and set a $20.00 price objective (up from $17.00) on shares of Capri in a report on Wednesday, May 28th. UBS Group lifted their price target on shares of Capri from $14.00 to $18.00 and gave the stock a "neutral" rating 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. Barclays reduced their price target on shares of Capri from $19.00 to $13.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Capri from $19.00 to $18.00 and set a "neutral" rating on the stock in a research report on Thursday, May 29th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $22.50.

Capri Price Performance

Shares of NYSE:CPRI traded down $0.16 during trading on Monday, reaching $19.41. The stock had a trading volume of 2,357,321 shares, compared to its average volume of 3,556,565. The business has a fifty day moving average price of $17.92 and a 200-day moving average price of $19.15. The stock has a market cap of $2.29 billion, a PE ratio of -1.95, a PEG 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 Holdings Limited has a 1-year low of $11.86 and a 1-year high of $43.34.

Capri (NYSE:CPRI - Get Free Report) last released its quarterly earnings data 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 in the previous year, the business earned $0.42 earnings per share. The business's revenue for the quarter was down 15.4% on a year-over-year basis. On average, equities analysts forecast 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.