Tabor Asset Management LP Takes $799,000 Position in Capri Holdings Limited (NYSE:CPRI)

Tabor Asset Management LP acquired a new position in Capri Holdings Limited (NYSE:CPRI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 40,500 shares of the company's stock, valued at approximately $799,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CPRI. Allianz Asset Management GmbH lifted its stake in Capri by 77.4% during the first quarter. Allianz Asset Management GmbH now owns 755,835 shares of the company's stock valued at $14,913,000 after buying an additional 329,879 shares in the last quarter. Jennison Associates LLC acquired a new position in Capri in the 1st quarter worth about $17,559,000. Fortis Group Advisors LLC purchased a new stake in shares of Capri during the 1st quarter worth about $485,000. Segall Bryant & Hamill LLC raised its stake in shares of Capri by 5.5% during the 1st quarter. Segall Bryant & Hamill LLC now owns 1,233,691 shares of the company's stock worth $24,341,000 after purchasing an additional 64,798 shares in the last quarter. Finally, Banque Pictet & Cie SA acquired a new stake in shares of Capri during the 1st quarter valued at about $318,000. 84.34% of the stock is currently owned by institutional investors.

Capri Trading Down 0.8%

Shares of CPRI traded down $0.16 during trading hours on Monday, hitting $19.41. 2,357,321 shares of the stock traded hands, compared to its average volume of 3,556,565. The business has a fifty day moving average of $17.92 and a 200-day moving average of $19.15. The firm has a market capitalization of $2.29 billion, a PE ratio of -1.95, a price-to-earnings-growth ratio of 0.41 and a beta of 1.67. Capri Holdings Limited has a 1-year low of $11.86 and a 1-year 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.

Capri (NYSE:CPRI - Get Free Report) last posted 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 company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $989.05 million. Capri had a negative return on equity of 39.55% and a negative net margin of 26.61%. Capri's quarterly revenue was down 15.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.42 earnings per share. Analysts expect that Capri Holdings Limited will post 0.98 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CPRI. JPMorgan Chase & Co. dropped their price target on shares of Capri from $19.00 to $18.00 and set a "neutral" rating on the stock in a research note on Thursday, May 29th. UBS Group upped their price objective 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. Telsey Advisory Group restated a "market perform" rating and issued a $20.00 target price (up from $17.00) on shares of Capri in a research note on Wednesday, May 28th. Wells Fargo & Company decreased their price target on shares of Capri from $30.00 to $25.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Finally, Robert W. Baird dropped their price objective on shares of Capri from $26.00 to $18.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. One 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $22.50.

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.