World Asset Management Inc raised its stake in Capri Holdings Ltd (NYSE:CPRI) by 19.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,748 shares of the company’s stock after purchasing an additional 2,211 shares during the quarter. World Asset Management Inc’s holdings in Capri were worth $215,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp increased its position in shares of Capri by 2.1% during the first quarter. Bank of New York Mellon Corp now owns 1,010,865 shares of the company’s stock valued at $10,909,000 after acquiring an additional 21,179 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of Capri by 12.1% during the first quarter. Nomura Asset Management Co. Ltd. now owns 26,967 shares of the company’s stock valued at $291,000 after acquiring an additional 2,903 shares during the last quarter. Tower Research Capital LLC TRC increased its position in shares of Capri by 198.2% during the first quarter. Tower Research Capital LLC TRC now owns 7,450 shares of the company’s stock valued at $80,000 after acquiring an additional 4,952 shares during the last quarter. Balyasny Asset Management LLC purchased a new stake in shares of Capri during the first quarter valued at approximately $4,343,000. Finally, State Street Corp increased its position in shares of Capri by 0.7% during the first quarter. State Street Corp now owns 6,923,932 shares of the company’s stock valued at $74,709,000 after acquiring an additional 46,704 shares during the last quarter. 91.79% of the stock is owned by institutional investors.
A number of analysts recently commented on CPRI shares. Citigroup decreased their price target on Capri from $26.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, April 30th. Telsey Advisory Group reissued a “market perform” rating on shares of Capri in a report on Thursday, June 25th. Credit Suisse Group increased their price objective on Capri from $13.00 to $15.00 and gave the company a “neutral” rating in a report on Thursday, July 2nd. Guggenheim reduced their price objective on Capri from $45.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. Finally, BTIG Research began coverage on Capri in a report on Tuesday, April 28th. They set a “neutral” rating for the company. Thirteen equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Capri presently has an average rating of “Hold” and an average target price of $31.00.
Capri stock opened at $14.98 on Friday. Capri Holdings Ltd has a one year low of $5.42 and a one year high of $39.90. The business has a fifty day moving average price of $15.84 and a 200-day moving average price of $14.20. The company has a debt-to-equity ratio of 1.74, a current ratio of 1.35 and a quick ratio of 0.76. The firm has a market capitalization of $2.30 billion, a P/E ratio of 3.94, a PEG ratio of 3.84 and a beta of 1.87.
Capri (NYSE:CPRI) last posted its quarterly earnings results on Wednesday, July 1st. The company reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.21). Capri had a positive return on equity of 24.85% and a negative net margin of 4.02%. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the previous year, the business earned $0.63 earnings per share. Capri’s revenue was down 11.3% on a year-over-year basis. Sell-side analysts expect that Capri Holdings Ltd will post 0.83 earnings per share for the current fiscal year.
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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