Charles Schwab Investment Management Inc. Grows Position in Capri Holdings Limited $CPRI

Charles Schwab Investment Management Inc. grew its position in Capri Holdings Limited (NYSE:CPRI) by 6.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,070,258 shares of the company’s stock after purchasing an additional 66,173 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.91% of Capri worth $21,116,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CPRI. Junto Capital Management LP acquired a new position in Capri during the fourth quarter valued at approximately $26,112,000. Dimensional Fund Advisors LP increased its position 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 worth $54,647,000 after acquiring an additional 1,088,051 shares in the last quarter. DME Capital Management LP raised its stake in shares of Capri by 93.6% in the 4th quarter. DME Capital Management LP now owns 2,103,717 shares of the company’s stock valued at $44,304,000 after acquiring an additional 1,017,072 shares during the period. Jennison Associates LLC acquired a new position in shares of Capri during the 1st quarter valued at $17,559,000. Finally, Vision One Management Partners LP acquired a new position in shares of Capri during the 4th quarter valued at $17,306,000. Institutional investors and hedge funds own 84.34% of the company’s stock.

Capri Trading Up 1.4%

Shares of CPRI opened at $20.4330 on Friday. Capri Holdings Limited has a one year low of $11.86 and a one year high of $43.34. The stock has a 50-day moving average price of $18.85 and a 200 day moving average price of $18.55. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.61 and a current ratio of 1.17. The company has a market capitalization of $2.43 billion, a P/E ratio of -2.17, a P/E/G ratio of 0.43 and a beta of 1.72.

Capri (NYSE:CPRI) last announced its earnings results on Wednesday, August 6th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.37. The company had revenue of $797.00 million for the quarter, compared to analyst estimates of $773.18 million. Capri had a negative return on equity of 53.50% and a negative net margin of 26.73%.Capri’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.04 EPS. Sell-side analysts forecast that Capri Holdings Limited will post 0.98 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently issued reports on CPRI shares. Telsey Advisory Group reiterated a “market perform” rating and issued a $22.00 price target (up from $20.00) on shares of Capri in a report on Wednesday, August 6th. Wall Street Zen upgraded Capri from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. UBS Group boosted their price target on Capri from $18.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Finally, JPMorgan Chase & Co. raised shares of Capri from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $21.00 to $30.00 in a research report on Wednesday, August 13th. Five research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Capri has an average rating of “Hold” and an average price target of $24.08.

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.