Deutsche Bank AG Raises Stock Holdings in Capri Holdings Limited (NYSE:CPRI)

Deutsche Bank AG raised its position in Capri Holdings Limited (NYSE:CPRI) by 84.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,263 shares of the company’s stock after buying an additional 6,065 shares during the quarter. Deutsche Bank AG’s holdings in Capri were worth $279,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC increased its holdings in shares of Capri by 249.4% in the fourth quarter. FMR LLC now owns 9,987,603 shares of the company’s stock valued at $210,339,000 after purchasing an additional 7,129,123 shares during the period. Norges Bank acquired a new position in shares of Capri in the fourth quarter valued at approximately $58,070,000. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Capri in the fourth quarter valued at approximately $48,953,000. Segall Bryant & Hamill LLC acquired a new position in shares of Capri in the fourth quarter valued at approximately $24,617,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Capri by 72.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,595,029 shares of the company’s stock valued at $54,647,000 after purchasing an additional 1,088,051 shares during the period. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Capri Stock Down 2.0%

Capri stock opened at $18.14 on Monday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.59 and a current ratio of 1.21. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of -2.12, a price-to-earnings-growth ratio of 7.80 and a beta of 1.64. Capri Holdings Limited has a fifty-two week low of $11.86 and a fifty-two week high of $43.34. The stock’s fifty day moving average is $16.33 and its two-hundred day moving average is $20.06.

Capri (NYSE:CPRI) last posted its earnings results on Wednesday, May 28th. The company reported ($4.90) earnings per share for the quarter, missing the consensus estimate of $0.22 by ($5.12). The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $989.05 million. Capri had a negative net margin of 21.79% and a positive return on equity of 12.89%. The firm’s revenue for the quarter was down 15.4% on a year-over-year basis. During the same period last year, the company posted $0.42 EPS. Analysts predict that Capri Holdings Limited will post 0.98 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CPRI shares. JPMorgan Chase & Co. dropped their target price on Capri from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Thursday. UBS Group upped their price objective on Capri from $14.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday. Bank of America started coverage on Capri in a report on Monday, February 10th. They set a “neutral” rating and a $23.00 price objective on the stock. Barclays dropped their price objective on Capri from $19.00 to $13.00 and set an “equal weight” rating on the stock in a report on Thursday, April 10th. Finally, Guggenheim reaffirmed a “buy” rating and set a $30.00 price objective on shares of Capri in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $22.50.

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.