Farther Finance Advisors LLC Has $28,000 Stake in Capri Holdings Limited (NYSE:CPRI)

Farther Finance Advisors LLC raised its position in Capri Holdings Limited (NYSE:CPRI) by 758.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,433 shares of the company’s stock after purchasing an additional 1,266 shares during the quarter. Farther Finance Advisors LLC’s holdings in Capri were worth $28,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CPRI. UMB Bank n.a. raised its stake in shares of Capri by 134.9% in the 1st quarter. UMB Bank n.a. now owns 1,776 shares of the company’s stock valued at $35,000 after purchasing an additional 1,020 shares during the period. Twin Tree Management LP acquired a new stake in shares of Capri in the fourth quarter valued at about $45,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Capri in the fourth quarter valued at about $74,000. Sterling Capital Management LLC increased its position in shares of Capri by 58.9% in 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 during the last quarter. Finally, Triumph Capital Management acquired a new stake in shares of Capri in the fourth quarter valued at about $209,000. Institutional investors and hedge funds own 84.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CPRI shares. Barclays lowered their target price 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. Wells Fargo & Company lowered their target price on Capri from $30.00 to $25.00 and set an “overweight” rating on the stock in a research report on Friday, April 11th. Wall Street Zen upgraded Capri from a “sell” rating to a “hold” rating in a report on Sunday, June 8th. Telsey Advisory Group reiterated a “market perform” rating and set a $20.00 price target (up previously from $17.00) on shares of Capri in a report on Wednesday, May 28th. Finally, UBS Group lifted their price target on Capri from $14.00 to $18.00 and gave the stock a “neutral” rating in a report on Thursday, May 29th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $22.50.

Capri Price Performance

Capri stock opened at $16.99 on Thursday. Capri Holdings Limited has a 12 month low of $11.86 and a 12 month high of $43.34. The stock’s 50 day moving average is $16.69 and its 200-day moving average is $19.50. The company has a current ratio of 1.14, a quick ratio of 0.49 and a debt-to-equity ratio of 3.97. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of -1.71, a PEG ratio of 0.36 and a beta of 1.70.

Capri (NYSE:CPRI) last posted its earnings results on Wednesday, May 28th. The company reported ($4.90) EPS for the quarter, missing the consensus estimate of $0.22 by ($5.12). Capri had a negative net margin of 26.61% and a negative return on equity of 39.55%. The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $989.05 million. During the same period in the previous year, the company posted $0.42 EPS. Capri’s revenue for the quarter was down 15.4% compared to the same quarter last year. Equities research analysts expect 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.