Capricorn Fund Managers Ltd Boosts Position in Capri Holdings Limited $CPRI

Capricorn Fund Managers Ltd grew its holdings in shares of Capri Holdings Limited (NYSE:CPRI) by 62.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 260,000 shares of the company’s stock after buying an additional 100,000 shares during the period. Capri accounts for 2.2% of Capricorn Fund Managers Ltd’s portfolio, making the stock its 21st biggest position. Capricorn Fund Managers Ltd owned approximately 0.22% of Capri worth $4,602,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Primecap Management Co. CA increased its stake in shares of Capri by 10.6% during the first quarter. Primecap Management Co. CA now owns 5,183,720 shares of the company’s stock valued at $102,275,000 after buying an additional 495,387 shares during the period. Vaughan Nelson Investment Management L.P. increased its stake in shares of Capri by 7.4% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 2,496,815 shares of the company’s stock valued at $49,262,000 after buying an additional 172,360 shares during the period. American Century Companies Inc. increased its stake in shares of Capri by 143.3% during the first quarter. American Century Companies Inc. now owns 2,039,887 shares of the company’s stock valued at $40,247,000 after buying an additional 1,201,488 shares during the period. Segall Bryant & Hamill LLC grew its stake in Capri by 5.5% in the first quarter. Segall Bryant & Hamill LLC now owns 1,233,691 shares of the company’s stock worth $24,341,000 after purchasing an additional 64,798 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in Capri by 6.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,070,258 shares of the company’s stock worth $21,116,000 after purchasing an additional 66,173 shares during the period. 84.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CPRI shares. Zacks Research raised Capri from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 26th. Wall Street Zen raised Capri from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. 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 note on Wednesday, August 6th. JPMorgan Chase & Co. raised Capri from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $21.00 to $30.00 in a research note on Wednesday, August 13th. Finally, UBS Group upped their price target on Capri from $18.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Five equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $24.08.

Capri Trading Up 1.3%

NYSE CPRI opened at $21.52 on Friday. Capri Holdings Limited has a 12 month low of $11.86 and a 12 month high of $43.34. The stock has a market cap of $2.56 billion, a P/E ratio of -2.29, a P/E/G ratio of 0.46 and a beta of 1.82. The stock’s fifty day moving average price is $20.48 and its 200-day moving average price is $18.41. The company has a current ratio of 1.17, a quick ratio of 0.61 and a debt-to-equity ratio of 3.97.

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

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.