Graham Capital Management L.P. Takes Position in Capri Holdings Limited (NYSE:CPRI)

Graham Capital Management L.P. acquired a new position in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 152,800 shares of the company's stock, valued at approximately $3,218,000. Graham Capital Management L.P. owned 0.13% of Capri at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Twin Tree Management LP acquired a new stake in shares of Capri in the fourth quarter valued at about $45,000. Aster Capital Management DIFC Ltd bought a new position in Capri in the 4th quarter worth approximately $74,000. KBC Group NV lifted its holdings in shares of Capri by 63.9% during the fourth 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 last quarter. Sterling Capital Management LLC boosted its position in shares of Capri by 58.9% in the fourth quarter. Sterling Capital Management LLC now owns 6,872 shares of the company's stock valued at $145,000 after acquiring an additional 2,546 shares during the period. Finally, Triumph Capital Management acquired a new stake in shares of Capri in the fourth quarter worth $209,000. 84.34% of the stock is currently owned by institutional investors and hedge funds.

Capri Price Performance

NYSE:CPRI opened at $16.89 on Friday. The company has a quick ratio of 0.59, a current ratio of 1.21 and a debt-to-equity ratio of 1.36. The firm has a market cap of $1.99 billion, a PE ratio of -1.98, a price-to-earnings-growth ratio of 7.80 and a beta of 1.64. Capri Holdings Limited has a 12 month low of $11.86 and a 12 month high of $43.34. The company's 50-day moving average price is $17.17 and its two-hundred day moving average price is $20.47.

Capri (NYSE:CPRI - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.27). Capri had a positive return on equity of 12.89% and a negative net margin of 21.79%. During the same period last year, the company earned $1.20 earnings per share. On average, equities analysts anticipate that Capri Holdings Limited will post 0.98 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Bank of America began coverage on shares of Capri in a research report on Monday, February 10th. They issued a "neutral" rating and a $23.00 price target on the stock. Telsey Advisory Group cut their price target on Capri from $23.00 to $17.00 and set a "market perform" rating for the company in a report on Friday, April 11th. Jefferies Financial Group lifted their price objective on Capri from $20.00 to $23.00 and gave the stock a "hold" rating in a report on Tuesday, January 28th. StockNews.com upgraded Capri from a "sell" rating to a "hold" rating in a research report on Friday, February 7th. Finally, Guggenheim reiterated a "buy" rating and set a $30.00 price target on shares of Capri in a research note on Wednesday, February 12th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Capri currently 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.

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