Vaughan Nelson Investment Management L.P. Boosts Position in Capri Holdings Limited (NYSE:CPRI)

Vaughan Nelson Investment Management L.P. grew its stake in Capri Holdings Limited (NYSE:CPRI - Free Report) by 7.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,496,815 shares of the company's stock after acquiring an additional 172,360 shares during the quarter. Vaughan Nelson Investment Management L.P. owned about 2.12% of Capri worth $49,262,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Capri by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 11,377,630 shares of the company's stock worth $239,613,000 after acquiring an additional 151,866 shares during the last quarter. Norges Bank acquired a new stake in shares of Capri during the 4th quarter worth about $58,070,000. Primecap Management Co. CA increased its position in shares of Capri by 13.2% during the 4th quarter. Primecap Management Co. CA now owns 4,688,333 shares of the company's stock worth $98,736,000 after purchasing an additional 547,578 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Capri during the 4th quarter worth about $2,167,000. Finally, SWS Partners acquired a new stake in shares of Capri during the 4th quarter worth about $1,468,000. 84.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Barclays cut their price objective on Capri from $19.00 to $13.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. Wall Street Zen raised Capri from a "sell" rating to a "hold" rating in a research report on Sunday, June 8th. Wells Fargo & Company cut their price objective on Capri from $30.00 to $25.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. UBS Group raised their target price on Capri from $14.00 to $18.00 and gave the company a "neutral" rating in a report on Thursday, May 29th. Finally, JPMorgan Chase & Co. lowered their target price on Capri from $19.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday, May 29th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Capri currently has a consensus rating of "Hold" and a consensus price target of $22.50.

Capri Stock Down 7.1%

Shares of CPRI traded down $1.26 during midday trading on Friday, hitting $16.58. The company had a trading volume of 2,614,664 shares, compared to its average volume of 3,373,161. The company's 50-day simple moving average is $16.28 and its 200-day simple moving average is $19.80. 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 firm has a market capitalization of $1.96 billion, a P/E ratio of -1.94, a P/E/G ratio of 7.80 and a beta of 1.70. Capri Holdings Limited has a 1 year low of $11.86 and a 1 year high of $43.34.

Capri (NYSE:CPRI - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analysts' expectations 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 quarterly revenue was down 15.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.42 EPS. As a group, sell-side analysts expect that Capri Holdings Limited will post 0.98 EPS for the current year.

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.