Miura Global Management LLC bought a new stake in Capri Holdings Ltd (NYSE:CPRI) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 360,000 shares of the company’s stock, valued at approximately $16,470,000. Capri accounts for 2.8% of Miura Global Management LLC’s investment portfolio, making the stock its 13th biggest position.
Other large investors have also bought and sold shares of the company. Fifth Third Bancorp purchased a new position in shares of Capri in the 1st quarter worth $25,000. Signaturefd LLC purchased a new position in shares of Capri in the 1st quarter worth $40,000. CSat Investment Advisory L.P. purchased a new position in shares of Capri in the 1st quarter worth $46,000. CenterStar Asset Management LLC purchased a new position in shares of Capri in the 1st quarter worth $49,000. Finally, Quadrant Capital Group LLC purchased a new position in shares of Capri in the 1st quarter worth $54,000. Institutional investors own 86.64% of the company’s stock.
NYSE:CPRI traded down $0.48 during mid-day trading on Friday, hitting $33.19. The company had a trading volume of 41,146 shares, compared to its average volume of 3,465,633. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.12 and a quick ratio of 0.50. Capri Holdings Ltd has a 1 year low of $32.08 and a 1 year high of $75.96. The firm has a market capitalization of $5.00 billion, a PE ratio of 6.67, a price-to-earnings-growth ratio of 1.02 and a beta of 0.70.
Capri (NYSE:CPRI) last released its quarterly earnings data on Wednesday, May 29th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.61 by $0.02. Capri had a return on equity of 33.75% and a net margin of 10.36%. The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the company posted $0.63 earnings per share. The firm’s revenue was up 13.9% compared to the same quarter last year. Equities analysts anticipate that Capri Holdings Ltd will post 4.95 EPS for the current year.
Several research analysts recently weighed in on the company. Argus assumed coverage on Capri in a research report on Wednesday. They issued a “hold” rating on the stock. Needham & Company LLC set a $54.00 target price on Capri and gave the stock a “buy” rating in a research report on Wednesday, June 5th. MKM Partners cut their target price on Capri to $40.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 5th. Nomura cut their target price on Capri from $76.00 to $60.00 and set a “buy” rating on the stock in a research report on Wednesday, June 5th. Finally, Credit Suisse Group cut their target price on Capri from $52.00 to $40.00 and set a “neutral” rating on the stock in a research report on Thursday, May 30th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. Capri presently has a consensus rating of “Hold” and a consensus price target of $52.00.
In related news, CFO Thomas Jr. Edwards acquired 11,600 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were bought at an average cost of $34.41 per share, with a total value of $399,156.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John D. Idol acquired 615,000 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was bought at an average cost of $32.57 per share, for a total transaction of $20,030,550.00. The disclosure for this purchase can be found here. Company insiders own 6.00% of the company’s stock.
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Capri Holdings Limited design, markets, distributes, and retails branded women's and men's apparel and accessories. It operates in four segments: MK Retail, MK Wholesale, MK Licensing, and Jimmy Choo. The MK Retail segment sells women's apparel; handbags and small leather goods; men's apparel; footwear; and licensed products comprising watches, jewelry, fragrances, and beauty and eyewear.
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