Junto Capital Management LP Invests $26.11 Million in Capri Holdings Limited (NYSE:CPRI)

Junto Capital Management LP bought a new stake in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 1,239,863 shares of the company's stock, valued at approximately $26,112,000. Junto Capital Management LP owned approximately 1.05% of Capri as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Capri by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 11,377,630 shares of the company's stock valued at $239,613,000 after purchasing an additional 151,866 shares in the last quarter. Norges Bank acquired a new stake in Capri in the 4th quarter valued at $58,070,000. Primecap Management Co. CA grew its position in Capri by 13.2% in the fourth quarter. Primecap Management Co. CA now owns 4,688,333 shares of the company's stock valued at $98,736,000 after acquiring an additional 547,578 shares during the period. Raymond James Financial Inc. acquired a new position in Capri during the fourth quarter worth $2,167,000. Finally, Lind Value II ApS bought a new position in shares of Capri during the fourth quarter valued at $9,087,000. Institutional investors own 84.34% of the company's stock.

Capri Stock Performance

Shares of NYSE:CPRI opened at $16.89 on Friday. The stock has a market capitalization of $1.99 billion, a P/E ratio of -1.98, a P/E/G ratio of 7.80 and a beta of 1.64. The company has a current ratio of 1.21, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36. Capri Holdings Limited has a 1-year low of $11.86 and a 1-year high of $43.34. The business has a 50-day moving average price of $17.17 and a two-hundred day moving average price of $20.47.

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

Analyst Ratings Changes

CPRI has been the subject of a number of recent analyst reports. Guggenheim reiterated a "buy" rating and set a $30.00 target price on shares of Capri in a research report on Wednesday, February 12th. Telsey Advisory Group dropped their price objective on shares of Capri from $23.00 to $17.00 and set a "market perform" rating for the company in a report on Friday, April 11th. Robert W. Baird cut their target price on shares of Capri from $26.00 to $18.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Wells Fargo & Company dropped their price target on Capri from $30.00 to $25.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Finally, Jefferies Financial Group boosted their price objective on Capri from $20.00 to $23.00 and gave the stock a "hold" rating in a research note on Tuesday, January 28th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus 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.

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