Vontobel Holding Ltd. Makes New Investment in Capri Holdings Limited (NYSE:CPRI)

Vontobel Holding Ltd. acquired a new position in shares of Capri Holdings Limited (NYSE:CPRI) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 5,503 shares of the company’s stock, valued at approximately $276,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System bought a new stake in Capri during the 4th quarter worth about $1,638,000. Cerity Partners LLC grew its position in shares of Capri by 24.3% during the 4th quarter. Cerity Partners LLC now owns 5,295 shares of the company’s stock worth $266,000 after buying an additional 1,035 shares during the period. Soltis Investment Advisors LLC acquired a new position in shares of Capri during the 4th quarter worth about $639,000. GAM Holding AG grew its position in shares of Capri by 21.2% during the 4th quarter. GAM Holding AG now owns 12,000 shares of the company’s stock worth $603,000 after buying an additional 2,100 shares during the period. Finally, U S Global Investors Inc. acquired a new position in shares of Capri during the 4th quarter worth about $75,000. 84.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CPRI has been the subject of several analyst reports. OTR Global restated a “mixed” rating on shares of Capri in a research report on Wednesday, April 17th. StockNews.com initiated coverage on Capri in a research report on Saturday, April 13th. They set a “hold” rating for the company. Finally, Telsey Advisory Group decreased their target price on Capri from $57.00 to $42.00 and set a “market perform” rating for the company in a research report on Tuesday. Thirteen equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $49.25.

Capri Trading Down 3.8 %

Shares of Capri stock opened at $36.51 on Wednesday. Capri Holdings Limited has a 12-month low of $34.17 and a 12-month high of $54.52. The stock has a market cap of $4.26 billion, a P/E ratio of 20.51, a P/E/G ratio of 7.82 and a beta of 2.03. The company has a quick ratio of 0.49, a current ratio of 1.06 and a debt-to-equity ratio of 0.71. The business’s 50 day moving average is $44.75 and its 200-day moving average is $47.89.

Capri (NYSE:CPRI) last announced its quarterly earnings data on Thursday, February 8th. The company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Capri had a return on equity of 25.79% and a net margin of 3.96%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the company earned $1.84 EPS. The company’s revenue for the quarter was down 5.6% on a year-over-year basis. Equities research analysts predict that Capri Holdings Limited will post 3.8 earnings per share for the current fiscal year.

Capri Company 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.