Tabor Asset Management LP Invests $799,000 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 the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 40,500 shares of the company's stock, valued at approximately $799,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Capri by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 11,377,630 shares of the company's stock valued at $239,613,000 after purchasing an additional 151,866 shares during the period. FMR LLC boosted its stake in shares of Capri by 249.4% in the fourth quarter. FMR LLC now owns 9,987,603 shares of the company's stock valued at $210,339,000 after purchasing an additional 7,129,123 shares during the period. Norges Bank purchased a new position in shares of Capri in the fourth quarter valued at $58,070,000. Dimensional Fund Advisors LP boosted its stake in Capri by 72.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,595,029 shares of the company's stock valued at $54,647,000 after acquiring an additional 1,088,051 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. boosted its stake in Capri by 7.4% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 2,496,815 shares of the company's stock valued at $49,262,000 after acquiring an additional 172,360 shares during the last quarter. Institutional investors and hedge funds own 84.34% of the company's stock.

Capri Trading Down 1.8%

Capri stock traded down $0.36 during trading hours on Thursday, reaching $19.52. 738,649 shares of the company's stock traded hands, compared to its average volume of 3,638,318. 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 fifty-two week low of $11.86 and a fifty-two week high of $43.34. The firm has a market capitalization of $2.30 billion, a price-to-earnings ratio of -1.96, a PEG ratio of 0.42 and a beta of 1.67. The firm's 50 day moving average is $17.98 and its 200-day moving average is $19.15.

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 analysts' consensus estimates of $0.22 by ($5.12). The business had revenue of $1.04 billion for 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%. Capri's revenue for the quarter was down 15.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.42 earnings per share. On average, analysts predict that Capri Holdings Limited will post 0.98 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CPRI. Telsey Advisory Group reissued a "market perform" rating and set a $20.00 target price (up from $17.00) on shares of Capri in a report on Wednesday, May 28th. Wall Street Zen cut shares of Capri from a "hold" rating to a "sell" rating in a research note on Sunday, July 13th. Barclays lowered their target price on shares of Capri from $19.00 to $13.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 10th. 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, Wells Fargo & Company reduced their price objective 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $22.50.

About Capri

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.