Tabor Asset Management LP Acquires New Stake in Capri Holdings Limited (NYSE:CPRI)

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

A number of other institutional investors and hedge funds have also bought and sold shares of CPRI. Farther Finance Advisors LLC lifted 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. acquired a new stake in shares of Capri in the 1st quarter valued at about $30,000. UMB Bank n.a. grew its stake in shares of Capri by 134.9% in 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 during the period. Twin Tree Management LP acquired a new stake in shares of Capri in the 4th quarter valued at about $45,000. Finally, Fifth Third Bancorp grew its stake in shares of 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 buying an additional 1,365 shares during the period. 84.34% of the stock is currently owned by institutional investors and hedge funds.

Capri Trading Down 0.4%

Shares of NYSE:CPRI traded down $0.07 on Friday, reaching $19.40. 185,887 shares of the company traded hands, compared to its average volume of 3,533,132. Capri Holdings Limited has a 52 week low of $11.86 and a 52 week high of $43.34. 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 business's 50-day simple moving average is $17.86 and its 200 day simple moving average is $19.18. The stock has a market capitalization of $2.29 billion, a P/E ratio of -1.95, a price-to-earnings-growth ratio of 0.39 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 the consensus estimate of $0.22 by ($5.12). The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.42 EPS. As a group, equities analysts anticipate that Capri Holdings Limited will post 0.98 EPS for the current fiscal year.

Analysts Set New Price Targets

CPRI has been the topic of a number of analyst reports. Telsey Advisory Group restated a "market perform" rating and issued a $20.00 target price (up previously from $17.00) on shares of Capri in a report on Wednesday, May 28th. Robert W. Baird lowered their target price on shares of Capri from $26.00 to $18.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Wall Street Zen lowered shares of Capri from a "hold" rating to a "sell" rating in a report on Sunday, July 13th. JPMorgan Chase & Co. reduced their price objective on shares of Capri from $19.00 to $18.00 and set a "neutral" rating for the company in a research report on Thursday, May 29th. Finally, UBS Group increased their target price on shares of Capri from $14.00 to $18.00 and gave the company a "neutral" rating in a research report on Thursday, May 29th. One investment 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.com, the company currently has an average rating of "Hold" and an average price target of $22.50.

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.

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