Cerity Partners LLC Boosts Position in Capri Holdings Limited (NYSE:CPRI)

Cerity Partners LLC raised its position in Capri Holdings Limited (NYSE:CPRI) by 24.3% in the 4th quarter, Holdings Channel reports. The fund owned 5,295 shares of the company’s stock after purchasing an additional 1,035 shares during the period. Cerity Partners LLC’s holdings in Capri were worth $266,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Capula Management Ltd acquired a new stake in shares of Capri during the third quarter worth approximately $9,996,000. Peak Financial Advisors LLC acquired a new stake in shares of Capri during the fourth quarter worth approximately $2,309,000. Picton Mahoney Asset Management acquired a new stake in shares of Capri during the third quarter worth approximately $16,571,000. Westchester Capital Management LLC acquired a new stake in shares of Capri during the third quarter worth approximately $87,352,000. Finally, Raymond James Financial Services Advisors Inc. grew its position in shares of Capri by 26.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 48,524 shares of the company’s stock worth $2,438,000 after buying an additional 10,029 shares in the last quarter. Institutional investors and hedge funds own 84.34% of the company’s stock.

Capri Stock Performance

CPRI stock opened at $35.54 on Monday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.49 and a current ratio of 1.06. The stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 7.22 and a beta of 2.03. Capri Holdings Limited has a 1 year low of $34.17 and a 1 year high of $54.52. The stock’s fifty day moving average is $43.81 and its two-hundred day moving average is $47.44.

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. StockNews.com assumed coverage on shares of Capri in a report on Saturday, April 13th. They issued a “hold” rating for the company. OTR Global reaffirmed a “mixed” rating on shares of Capri in a report on Wednesday, April 17th. Finally, Telsey Advisory Group decreased their price objective on shares of Capri from $57.00 to $42.00 and set a “market perform” rating for the company in a report on Tuesday, April 23rd. Twelve investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Capri has a consensus rating of “Hold” and a consensus target price of $49.25.

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.