UMB Bank n.a. Purchases 1,020 Shares of Capri Holdings Limited (NYSE:CPRI)

UMB Bank n.a. boosted its position in Capri Holdings Limited (NYSE:CPRI) by 134.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,776 shares of the company’s stock after purchasing an additional 1,020 shares during the quarter. UMB Bank n.a.’s holdings in Capri were worth $35,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in CPRI. Twin Tree Management LP bought a new position in Capri in the fourth quarter worth $45,000. Aster Capital Management DIFC Ltd bought a new position in shares of Capri during the fourth quarter valued at $74,000. Sterling Capital Management LLC increased its holdings in shares of Capri by 58.9% during the fourth quarter. Sterling Capital Management LLC now owns 6,872 shares of the company’s stock valued at $145,000 after acquiring an additional 2,546 shares in the last quarter. Triumph Capital Management bought a new position in shares of Capri during the fourth quarter valued at $209,000. Finally, Contrarian Capital Management L.L.C. bought a new position in shares of Capri during the fourth quarter valued at $232,000. Institutional investors own 84.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. UBS Group raised their price target on Capri from $14.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, May 29th. JPMorgan Chase & Co. reduced their price target on Capri from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Thursday, May 29th. Robert W. Baird dropped their price objective on Capri from $26.00 to $18.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Barclays dropped their price objective on Capri from $19.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 10th. Finally, Wall Street Zen raised Capri from a “sell” rating to a “hold” rating in a research report on Sunday, June 8th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $22.50.

Capri Stock Performance

CPRI opened at $16.58 on Monday. The company has a current ratio of 1.21, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36. The company has a market cap of $1.96 billion, a price-to-earnings ratio of -1.94, a PEG ratio of 7.80 and a beta of 1.70. The company’s 50 day moving average is $16.28 and its 200 day moving average is $19.78. Capri Holdings Limited has a 12-month low of $11.86 and a 12-month high of $43.34.

Capri (NYSE:CPRI) last posted its quarterly earnings data on Wednesday, May 28th. The company reported ($4.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($5.12). The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $989.05 million. Capri had a positive return on equity of 12.89% and a negative net margin of 21.79%. The business’s quarterly revenue was down 15.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.42 EPS. On average, equities research analysts predict that Capri Holdings Limited will post 0.98 EPS for the current 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.