18,441 Shares in Capri Holdings Limited (NYSE:CPRI) Acquired by XTX Topco Ltd

Key Points

• XTX Topco Ltd has acquired a new stake in Capri Holdings Limited, purchasing 18,441 shares valued at approximately $364,000 during the first quarter.
• Capri's recent quarterly earnings exceeded analysts' expectations, reporting $0.50 earnings per share and revenues of $797 million, despite a decline in revenue of 6% year-over-year.
• The stock currently has a consensus rating of "Hold" among analysts, with an average target price of $23.33, indicating cautious optimism in its future performance.

XTX Topco Ltd bought a new position in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 18,441 shares of the company's stock, valued at approximately $364,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CPRI. FMR LLC lifted its stake in shares of Capri by 249.4% in the 4th quarter. FMR LLC now owns 9,987,603 shares of the company's stock valued at $210,339,000 after acquiring an additional 7,129,123 shares during the last quarter. Junto Capital Management LP bought a new stake in shares of Capri in the 4th quarter valued at about $26,112,000. Dimensional Fund Advisors LP lifted its stake in shares of Capri by 72.2% in 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. DME Capital Management LP lifted its stake in shares of Capri by 93.6% in the 4th quarter. DME Capital Management LP now owns 2,103,717 shares of the company's stock valued at $44,304,000 after acquiring an additional 1,017,072 shares during the last quarter. Finally, Jennison Associates LLC bought a new stake in shares of Capri in the 1st quarter valued at about $17,559,000. 84.34% of the stock is currently owned by hedge funds and other institutional investors.

Capri Stock Down 3.1%

Shares of CPRI stock traded down $0.68 during midday trading on Thursday, reaching $21.35. 1,818,501 shares of the stock were exchanged, compared to its average volume of 3,695,246. Capri Holdings Limited has a 1 year low of $11.86 and a 1 year high of $43.34. The company's 50 day moving average is $18.47 and its two-hundred day moving average is $18.74. 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 firm has a market cap of $2.54 billion, a PE ratio of -2.26, a price-to-earnings-growth ratio of 0.41 and a beta of 1.72.

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CPRI. JPMorgan Chase & Co. raised Capri from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $21.00 to $30.00 in a research note on Wednesday. Telsey Advisory Group reissued a "market perform" rating and issued a $22.00 target price (up previously from $20.00) on shares of Capri in a research note on Wednesday, August 6th. Wall Street Zen raised Capri from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, UBS Group upped their price target on Capri from $18.00 to $23.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $24.08.

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.