Signaturefd LLC Grows Position in Capri Holdings Limited (NYSE:CPRI)

Signaturefd LLC lifted its holdings in shares of Capri Holdings Limited (NYSE:CPRI) by 14.7% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,734 shares of the company’s stock after purchasing an additional 351 shares during the quarter. Signaturefd LLC’s holdings in Capri were worth $90,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Victory Capital Management Inc. increased its position in shares of Capri by 206.4% during the 4th quarter. Victory Capital Management Inc. now owns 23,954 shares of the company’s stock valued at $1,203,000 after purchasing an additional 16,135 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Capri by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,153,144 shares of the company’s stock valued at $57,934,000 after acquiring an additional 25,105 shares during the last quarter. Picton Mahoney Asset Management raised its stake in shares of Capri by 11.1% during the fourth quarter. Picton Mahoney Asset Management now owns 350,000 shares of the company’s stock worth $17,583,000 after acquiring an additional 35,000 shares in the last quarter. Kellner Capital LLC bought a new stake in shares of Capri in the 4th quarter worth approximately $4,200,000. Finally, Alpine Associates Management Inc. boosted its stake in shares of Capri by 0.3% in the 4th quarter. Alpine Associates Management Inc. now owns 2,447,800 shares of the company’s stock valued at $122,977,000 after purchasing an additional 8,200 shares in the last quarter. 84.34% of the stock is currently owned by institutional investors.

Capri Price Performance

NYSE CPRI opened at $36.05 on Wednesday. The stock has a market capitalization of $4.25 billion, a price-to-earnings ratio of -18.30, a PEG ratio of 5.88 and a beta of 2.01. Capri Holdings Limited has a 1-year low of $29.28 and a 1-year high of $53.06. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.95 and a quick ratio of 0.41. The business’s fifty day moving average price is $33.65 and its 200-day moving average price is $37.42.

Capri (NYSE:CPRI) last announced its earnings results on Thursday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.55). The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.16 billion. Capri had a negative net margin of 5.81% and a positive return on equity of 18.72%. The business’s quarterly revenue was down 13.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.74 earnings per share. On average, equities analysts predict that Capri Holdings Limited will post 2.12 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have issued reports on CPRI. UBS Group cut their price target on shares of Capri from $41.00 to $39.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. Telsey Advisory Group restated a “market perform” rating and set a $42.00 price target on shares of Capri in a research report on Thursday, May 30th. Citigroup upgraded Capri from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $56.00 to $41.00 in a research report on Monday, June 17th. Jefferies Financial Group cut their target price on shares of Capri from $57.00 to $38.00 and set a “hold” rating on the stock in a report on Thursday, May 30th. Finally, StockNews.com downgraded shares of Capri from a “hold” rating to a “sell” rating in a research note on Tuesday, August 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $40.40.

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.