Universal Beteiligungs und Servicegesellschaft mbH Acquires New Stake in Capri Holdings Limited (NYSE:CPRI)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 26,410 shares of the company's stock, valued at approximately $556,000.

Several other institutional investors have also recently made changes to their positions in the company. Twin Tree Management LP purchased a new stake in Capri in the fourth quarter worth $45,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Capri during the 4th quarter valued at $74,000. KBC Group NV grew its position in shares of Capri by 63.9% in the 4th quarter. KBC Group NV now owns 5,039 shares of the company's stock worth $106,000 after buying an additional 1,965 shares during the period. Sterling Capital Management LLC grew its position in shares of Capri by 58.9% in the 4th quarter. Sterling Capital Management LLC now owns 6,872 shares of the company's stock worth $145,000 after buying an additional 2,546 shares during the period. Finally, Triumph Capital Management bought a new position in shares of Capri in the 4th quarter worth about $209,000. Institutional investors own 84.34% of the company's stock.

Capri Stock Performance

Shares of NYSE:CPRI traded down $0.03 during midday trading on Friday, reaching $16.93. 1,235,786 shares of the company's stock traded hands, compared to its average volume of 3,314,509. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.59 and a current ratio of 1.21. Capri Holdings Limited has a one year low of $11.86 and a one year high of $43.34. The company has a market cap of $2.00 billion, a price-to-earnings ratio of -1.98, a P/E/G ratio of 7.80 and a beta of 1.64. The stock has a 50 day moving average of $16.09 and a 200 day moving average of $19.97.

Capri (NYSE:CPRI - Get Free Report) last issued its earnings results on Wednesday, May 28th. The company reported ($4.90) earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by ($5.12). The business had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $989.05 million. Capri had a positive return on equity of 12.89% and a negative net margin of 21.79%. Capri's quarterly revenue was down 15.4% compared to the same quarter last year. During the same period last year, the firm posted $0.42 EPS. As a group, equities research analysts anticipate that Capri Holdings Limited will post 0.98 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CPRI has been the topic of a number of recent research reports. Guggenheim restated a "buy" rating and issued a $30.00 price objective on shares of Capri in a report on Wednesday, February 12th. JPMorgan Chase & Co. dropped their price target on Capri from $19.00 to $18.00 and set a "neutral" rating on the stock in a research report on Thursday, May 29th. UBS Group upped their price target on Capri from $14.00 to $18.00 and gave the stock a "neutral" rating in a research note on Thursday, May 29th. Wells Fargo & Company lowered their price objective on Capri from $30.00 to $25.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Finally, Robert W. Baird dropped their target price on Capri from $26.00 to $18.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. One 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 an average rating of "Hold" and an average price target 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.