M&T Bank Corp Buys Shares of 17,205 Capri Holdings Limited (NYSE:CPRI)

M&T Bank Corp purchased a new position in Capri Holdings Limited (NYSE:CPRI) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 17,205 shares of the company’s stock, valued at approximately $340,000.

Other hedge funds also recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its holdings in Capri by 758.1% in the 1st quarter. Farther Finance Advisors LLC now owns 1,433 shares of the company’s stock valued at $28,000 after acquiring an additional 1,266 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Capri in the 1st quarter worth about $30,000. UMB Bank n.a. lifted its stake in Capri by 134.9% during the first quarter. UMB Bank n.a. now owns 1,776 shares of the company’s stock valued at $35,000 after buying an additional 1,020 shares in the last quarter. Twin Tree Management LP acquired a new stake in shares of Capri during the fourth quarter valued at approximately $45,000. Finally, Fifth Third Bancorp grew its position in Capri by 139.6% during the 1st quarter. Fifth Third Bancorp now owns 2,343 shares of the company’s stock worth $46,000 after purchasing an additional 1,365 shares in the last quarter. Institutional investors and hedge funds own 84.34% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on CPRI. JPMorgan Chase & Co. cut their price target on shares of Capri from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Thursday, May 29th. Barclays reduced their target price on Capri from $19.00 to $13.00 and set an “equal weight” rating for the company in a research report on Thursday, April 10th. Robert W. Baird dropped their price objective on Capri from $26.00 to $18.00 and set a “neutral” rating for the company in a research note on Friday, April 11th. UBS Group lifted 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. Finally, Wells Fargo & Company decreased their price target on Capri from $30.00 to $25.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. One equities 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $22.50.

Capri Stock Performance

CPRI stock opened at $19.43 on Friday. The stock’s fifty day moving average price is $17.86 and its 200-day moving average price is $19.18. The company has a market cap of $2.29 billion, a P/E ratio of -1.95, a price-to-earnings-growth ratio of 0.39 and a beta of 1.67. Capri Holdings Limited has a 1 year low of $11.86 and a 1 year high of $43.34. The company has a debt-to-equity ratio of 3.97, a current ratio of 1.14 and a quick ratio of 0.49.

Capri (NYSE:CPRI) last issued its quarterly earnings data 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). Capri had a negative return on equity of 39.55% and a negative net margin of 26.61%. The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $989.05 million. During the same period in the previous year, the firm earned $0.42 earnings per share. The company’s revenue was down 15.4% compared to the same quarter last year. On average, equities analysts forecast that Capri Holdings Limited will post 0.98 earnings per share for the current year.

About Capri

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.