Capri Holdings Limited (NYSE:CPRI) Holdings Raised by Twin Lakes Capital Management LLC

Twin Lakes Capital Management LLC raised its holdings in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) by 88.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 323,736 shares of the company's stock after acquiring an additional 151,988 shares during the quarter. Capri makes up 3.6% of Twin Lakes Capital Management LLC's investment portfolio, making the stock its 4th largest position. Twin Lakes Capital Management LLC owned approximately 0.27% of Capri worth $6,818,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Arizona State Retirement System increased its stake in shares of Capri by 1.8% during the 4th quarter. Arizona State Retirement System now owns 34,185 shares of the company's stock worth $720,000 after purchasing an additional 596 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in shares of 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 purchasing an additional 643 shares in the last quarter. Xponance Inc. increased its stake in shares of Capri by 5.7% during the 4th quarter. Xponance Inc. now owns 14,056 shares of the company's stock worth $296,000 after purchasing an additional 757 shares in the last quarter. KBC Group NV increased its stake in shares of Capri by 63.9% during the 4th quarter. KBC Group NV now owns 5,039 shares of the company's stock worth $106,000 after purchasing an additional 1,965 shares in the last quarter. Finally, Twin Tree Management LP purchased a new position in shares of Capri during the 4th quarter worth approximately $45,000. Institutional investors and hedge funds own 84.34% of the company's stock.

Capri Stock Up 2.9%

Shares of NYSE:CPRI traded up $0.51 during midday trading on Wednesday, hitting $18.06. 6,398,617 shares of the company's stock traded hands, compared to its average volume of 3,281,999. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.59 and a current ratio of 1.21. The company has a market cap of $2.13 billion, a PE ratio of -2.11, a P/E/G ratio of 7.80 and a beta of 1.64. The firm's fifty day moving average price is $16.49 and its two-hundred day moving average price is $20.09. Capri Holdings Limited has a twelve month low of $11.86 and a twelve month high of $43.34.

Capri (NYSE:CPRI - Get Free Report) last posted its earnings results 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). The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $989.05 million. Capri had a negative net margin of 21.79% and a positive return on equity of 12.89%. The business's 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 EPS. On average, equities research analysts anticipate that Capri Holdings Limited will post 0.98 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Guggenheim reissued a "buy" rating and set a $30.00 price objective on shares of Capri in a research note on Wednesday, February 12th. Wall Street Zen raised shares of Capri from a "sell" rating to a "hold" rating in a research note on Friday, February 7th. Robert W. Baird lowered their target price 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. Jefferies Financial Group lifted their target price on shares of Capri from $20.00 to $23.00 and gave the stock a "hold" rating in a research note on Tuesday, January 28th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $17.00 target price on shares of Capri in a research note on Wednesday. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $24.08.

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.