Woodline Partners LP Acquires New Holdings in Capri Holdings Limited $CPRI

Key Points

• Woodline Partners LP has acquired a new stake in Capri Holdings Limited, purchasing 582,961 shares valued at approximately $11.5 million, representing 0.49% of the company.
• Capri reported earnings per share of $0.50 for the recent quarter, beating estimates significantly, but showed a negative net margin of 26.73%.
• Recent analyst ratings have varied, with some upgrading Capri’s stock to "overweight," setting new target prices as high as $30.00, while others have issued a neutral rating.

Woodline Partners LP acquired a new stake in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 582,961 shares of the company's stock, valued at approximately $11,502,000. Woodline Partners LP owned 0.49% of Capri as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Primecap Management Co. CA increased its holdings in Capri by 10.6% during the first quarter. Primecap Management Co. CA now owns 5,183,720 shares of the company's stock valued at $102,275,000 after buying an additional 495,387 shares during the period. Vaughan Nelson Investment Management L.P. boosted its stake in Capri by 7.4% in the first 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 in the last quarter. American Century Companies Inc. boosted its stake in Capri by 143.3% in the first quarter. American Century Companies Inc. now owns 2,039,887 shares of the company's stock valued at $40,247,000 after acquiring an additional 1,201,488 shares in the last quarter. Segall Bryant & Hamill LLC boosted its stake in Capri by 5.5% in the first quarter. Segall Bryant & Hamill LLC now owns 1,233,691 shares of the company's stock valued at $24,341,000 after acquiring an additional 64,798 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Capri by 6.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,070,258 shares of the company's stock valued at $21,116,000 after acquiring an additional 66,173 shares in the last quarter. 84.34% of the stock is owned by hedge funds and other institutional investors.

Capri Trading Up 2.3%

NYSE:CPRI opened at $21.86 on Friday. Capri Holdings Limited has a 12 month low of $11.86 and a 12 month high of $43.34. The firm has a fifty day simple moving average of $20.02 and a 200-day simple moving average of $18.46. The company has a current ratio of 1.17, a quick ratio of 0.61 and a debt-to-equity ratio of 3.97. The company has a market capitalization of $2.60 billion, a P/E ratio of -2.32, a PEG ratio of 0.46 and a beta of 1.75.

Capri (NYSE:CPRI - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.37. Capri had a negative net margin of 26.73% and a negative return on equity of 53.50%. The firm had revenue of $797.00 million during the quarter, compared to analysts' expectations of $773.18 million. During the same quarter last year, the company posted $0.04 earnings per share. The firm's revenue was down 6.0% compared to the same quarter last year. On average, equities research analysts anticipate that Capri Holdings Limited will post 0.98 earnings per share for the current year.

Analysts Set New Price Targets

CPRI has been the subject of several recent analyst reports. Zacks Research upgraded shares of Capri from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 26th. JPMorgan Chase & Co. upgraded shares of Capri from a "neutral" rating to an "overweight" rating and raised their target price for the company from $21.00 to $30.00 in a research note on Wednesday, August 13th. Telsey Advisory Group restated a "market perform" rating and issued a $22.00 target price (up from $20.00) on shares of Capri in a research note on Wednesday, August 6th. Wall Street Zen upgraded shares of Capri from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, UBS Group lifted their price objective on shares of Capri from $18.00 to $23.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Five investment analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, Capri has an average rating of "Hold" and an average target price 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.

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