PKO Investment Management Joint Stock Co Invests $526,000 in Capri Holdings Limited (NYSE:CPRI)

PKO Investment Management Joint Stock Co acquired a new position in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 25,000 shares of the company's stock, valued at approximately $526,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Janney Montgomery Scott LLC raised its stake in Capri by 174.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 21,670 shares of the company's stock worth $456,000 after buying an additional 13,785 shares during the period. Exchange Traded Concepts LLC raised its stake in Capri by 3.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 21,767 shares of the company's stock worth $458,000 after buying an additional 643 shares during the period. KBC Group NV raised its stake in shares of Capri by 63.9% in the fourth quarter. KBC Group NV now owns 5,039 shares of the company's stock worth $106,000 after purchasing an additional 1,965 shares during the last quarter. Patriot Financial Group Insurance Agency LLC raised its stake in shares of Capri by 57.7% in the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 15,774 shares of the company's stock worth $332,000 after purchasing an additional 5,769 shares during the last quarter. Finally, ARGA Investment Management LP raised its stake in shares of Capri by 149.4% in the fourth quarter. ARGA Investment Management LP now owns 227,957 shares of the company's stock worth $4,801,000 after purchasing an additional 136,556 shares during the last quarter. Institutional investors own 84.34% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on CPRI. Bank of America began coverage on Capri in a research note on Monday, February 10th. They issued a "neutral" rating and a $23.00 price objective for the company. JPMorgan Chase & Co. lowered their price objective on Capri from $19.00 to $18.00 and set a "neutral" rating for the company in a research note on Thursday. Wall Street Zen downgraded Capri from a "hold" rating to a "sell" rating in a research note on Saturday. UBS Group increased their price objective on Capri from $14.00 to $18.00 and gave the stock a "neutral" rating in a research note on Thursday. Finally, Guggenheim reissued a "buy" rating and issued a $30.00 price objective on shares of Capri in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $22.50.

Capri Stock Performance

NYSE CPRI traded down $0.70 on Monday, hitting $17.42. 3,334,996 shares of the stock traded hands, compared to its average volume of 3,306,478. The business's fifty day moving average is $16.26 and its two-hundred day moving average is $20.03. Capri Holdings Limited has a 12 month low of $11.86 and a 12 month high of $43.34. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of -2.04, a PEG ratio of 7.80 and a beta of 1.64. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.59 and a current ratio of 1.21.

Capri (NYSE:CPRI - Get Free Report) last announced 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 21.79% and a positive return on equity of 12.89%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $989.05 million. During the same period last year, the company posted $0.42 earnings per share. Capri's revenue for the quarter was down 15.4% on a year-over-year basis. As a group, equities analysts anticipate that Capri Holdings Limited will post 0.98 EPS 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.