Park Avenue Securities LLC Purchases 1,271 Shares of Capri Holdings Limited (NYSE:CPRI)

Park Avenue Securities LLC boosted its holdings in shares of Capri Holdings Limited (NYSE:CPRI – Get Rating) by 18.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,083 shares of the company’s stock after acquiring an additional 1,271 shares during the quarter. Park Avenue Securities LLC’s holdings in Capri were worth $311,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CPRI. Professional Financial Advisors LLC acquired a new stake in Capri in the second quarter valued at $25,000. First Horizon Advisors Inc. increased its stake in shares of Capri by 624.7% in the second quarter. First Horizon Advisors Inc. now owns 616 shares of the company’s stock valued at $25,000 after buying an additional 531 shares during the period. Kistler Tiffany Companies LLC acquired a new stake in shares of Capri in the second quarter valued at about $35,000. UMB Bank n.a. raised its position in shares of Capri by 99.2% during the third quarter. UMB Bank n.a. now owns 996 shares of the company’s stock worth $38,000 after acquiring an additional 496 shares during the last quarter. Finally, EMC Capital Management lifted its stake in shares of Capri by 49.5% in the second quarter. EMC Capital Management now owns 1,570 shares of the company’s stock worth $64,000 after acquiring an additional 520 shares during the period. 90.28% of the stock is currently owned by institutional investors and hedge funds.

Capri Stock Performance

Shares of CPRI opened at $63.17 on Monday. The firm has a market capitalization of $8.14 billion, a P/E ratio of 11.12, a P/E/G ratio of 0.78 and a beta of 2.20. Capri Holdings Limited has a 52 week low of $36.90 and a 52 week high of $72.37. The stock has a 50 day moving average price of $57.68 and a two-hundred day moving average price of $50.23. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.71 and a current ratio of 1.63.

Capri (NYSE:CPRI – Get Rating) last announced its quarterly earnings results on Wednesday, November 9th. The company reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.24. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.40 billion. Capri had a return on equity of 38.60% and a net margin of 14.10%. Capri’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.53 earnings per share. Equities analysts forecast that Capri Holdings Limited will post 6.87 earnings per share for the current fiscal year.

Capri announced that its board has approved a stock buyback plan on Wednesday, November 9th that permits the company to repurchase $1.00 billion in shares. This repurchase authorization permits the company to reacquire up to 14.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Raymond James assumed coverage on shares of Capri in a report on Monday, December 19th. They set an “outperform” rating and a $65.00 price target for the company. JPMorgan Chase & Co. boosted their target price on shares of Capri from $65.00 to $66.00 and gave the company an “overweight” rating in a report on Tuesday, November 29th. StockNews.com assumed coverage on Capri in a report on Wednesday, October 12th. They set a “buy” rating for the company. Barclays dropped their price objective on Capri to $56.00 in a research note on Wednesday, November 16th. Finally, Telsey Advisory Group decreased their target price on Capri from $60.00 to $54.00 and set a “market perform” rating for the company in a research note on Thursday, November 10th. Four research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $67.82.

Capri Company Profile

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Capri Holdings Ltd. operates as a global fashion luxury group. It engages in the design and distribution of sportswear, accessories, footwear and apparel of branded women’s apparel and accessories and men’s apparel. The firm operates through the following segments: Versace, Jimmy Choo, and Michael Kors.