Counterpoint Mutual Funds LLC Invests $754,000 in Capri Holdings Limited $CPRI

Counterpoint Mutual Funds LLC purchased a new position in Capri Holdings Limited (NYSE:CPRI) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 42,614 shares of the company’s stock, valued at approximately $754,000.

A number of other hedge funds have also modified their holdings of the stock. Farther Finance Advisors LLC raised its holdings in Capri by 758.1% during the first quarter. Farther Finance Advisors LLC now owns 1,433 shares of the company’s stock valued at $28,000 after buying an additional 1,266 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in Capri during the first quarter valued at about $30,000. Banque Cantonale Vaudoise bought a new position in Capri during the first quarter valued at about $29,000. UMB Bank n.a. raised its holdings in Capri by 134.9% during the first quarter. UMB Bank n.a. now owns 1,776 shares of the company’s stock valued at $35,000 after buying an additional 1,020 shares in the last quarter. Finally, Fifth Third Bancorp raised its holdings in Capri by 139.6% during the first quarter. Fifth Third Bancorp now owns 2,343 shares of the company’s stock valued at $46,000 after buying an additional 1,365 shares in the last quarter. 84.34% of the stock is owned by institutional investors and hedge funds.

Capri Trading Down 1.9%

Shares of NYSE:CPRI opened at $20.11 on Tuesday. The company’s 50-day moving average price is $20.30 and its two-hundred day moving average price is $18.38. The company has a debt-to-equity ratio of 3.97, a current ratio of 1.17 and a quick ratio of 0.61. Capri Holdings Limited has a one year low of $11.86 and a one year high of $43.34. The stock has a market capitalization of $2.39 billion, a PE ratio of -2.14, a price-to-earnings-growth ratio of 0.44 and a beta of 1.75.

Capri (NYSE:CPRI) last issued its earnings results on Wednesday, August 6th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.37. The company had revenue of $797.00 million for the quarter, compared to analysts’ expectations of $773.18 million. Capri had a negative net margin of 26.73% and a negative return on equity of 53.50%. Capri’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.04 EPS. On average, equities analysts forecast that Capri Holdings Limited will post 0.98 EPS for the current fiscal year.

Analyst Ratings Changes

CPRI has been the topic of several recent research reports. Zacks Research upgraded Capri from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 26th. UBS Group raised their target price on Capri from $18.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, August 7th. Wall Street Zen raised Capri from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. JPMorgan Chase & Co. raised Capri from a “neutral” rating to an “overweight” rating and raised their price target for the company from $21.00 to $30.00 in a research report on Wednesday, August 13th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $22.00 price target (up from $20.00) on shares of Capri in a research report on Wednesday, August 6th. Five research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average 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.