Tabor Asset Management LP Buys New Position in Capri Holdings Limited (NYSE:CPRI)

Tabor Asset Management LP purchased a new stake in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The fund purchased 40,500 shares of the company's stock, valued at approximately $799,000.

Other hedge funds have also recently made changes to their positions in the company. Farther Finance Advisors LLC grew its holdings in shares of Capri by 758.1% during 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 last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Capri in the 1st quarter worth about $30,000. UMB Bank n.a. lifted its holdings in Capri by 134.9% during the 1st quarter. UMB Bank n.a. now owns 1,776 shares of the company's stock valued at $35,000 after buying an additional 1,020 shares in the last quarter. Twin Tree Management LP bought a new stake in shares of Capri in the 4th quarter valued at about $45,000. Finally, Fifth Third Bancorp grew its position in shares of Capri by 139.6% in the 1st quarter. Fifth Third Bancorp now owns 2,343 shares of the company's stock worth $46,000 after buying an additional 1,365 shares during the last quarter. 84.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Robert W. Baird reduced their price objective on shares of Capri from $26.00 to $18.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. JPMorgan Chase & Co. reduced their target price on shares of Capri from $19.00 to $18.00 and set a "neutral" rating on the stock in a report on Thursday, May 29th. UBS Group raised their price objective on shares of Capri from $14.00 to $18.00 and gave the stock a "neutral" rating in a report on Thursday, May 29th. Wall Street Zen lowered shares of Capri from a "hold" rating to a "sell" rating in a research report on Sunday, July 13th. Finally, Wells Fargo & Company lowered their price objective on shares of Capri from $30.00 to $25.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Capri presently has a consensus rating of "Hold" and an average price target of $22.50.

Capri Trading Up 2.4%

Shares of NYSE CPRI traded up $0.47 on Monday, reaching $20.04. 935,117 shares of the company traded hands, compared to its average volume of 3,551,059. Capri Holdings Limited has a fifty-two week low of $11.86 and a fifty-two week high of $43.34. The company has a 50 day moving average of $17.92 and a 200 day moving average of $19.15. The company has a current ratio of 1.14, a quick ratio of 0.49 and a debt-to-equity ratio of 3.97. The stock has a market capitalization of $2.36 billion, a PE ratio of -2.01, a P/E/G ratio of 0.41 and a beta of 1.67.

Capri (NYSE:CPRI - Get Free Report) last issued its earnings results on Wednesday, May 28th. The company reported ($4.90) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($5.12). The firm had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $989.05 million. Capri had a negative return on equity of 39.55% and a negative net margin of 26.61%. The firm's revenue for the quarter was down 15.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.42 EPS. On average, equities research 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.