Invesco Ltd. Buys 11,627 Shares of Capri Holdings Limited $CPRI

Invesco Ltd. grew its holdings in Capri Holdings Limited (NYSE:CPRI) by 3.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 386,555 shares of the company’s stock after acquiring an additional 11,627 shares during the quarter. Invesco Ltd. owned 0.33% of Capri worth $7,627,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CPRI. Raymond James Financial Inc. acquired a new stake in shares of Capri during the fourth quarter worth about $2,167,000. NewEdge Advisors LLC raised its position in Capri by 24.0% during the fourth quarter. NewEdge Advisors LLC now owns 15,990 shares of the company’s stock valued at $337,000 after acquiring an additional 3,091 shares in the last quarter. 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 valued at $54,647,000 after buying an additional 1,088,051 shares in the last quarter. MetLife Investment Management LLC increased its position in shares of Capri by 9.2% in the fourth quarter. MetLife Investment Management LLC now owns 66,400 shares of the company’s stock valued at $1,398,000 after buying an additional 5,577 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of Capri by 219.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 15,136 shares of the company’s stock valued at $319,000 after buying an additional 10,402 shares in the last quarter. Institutional investors and hedge funds own 84.34% of the company’s stock.

Capri Trading Down 0.5%

NYSE:CPRI opened at $21.38 on Tuesday. The stock’s 50 day moving average price is $19.02 and its 200 day moving average price is $18.49. The company has a market capitalization of $2.55 billion, a PE ratio of -2.27, a P/E/G ratio of 0.46 and a beta of 1.72. The company has a quick ratio of 0.61, a current ratio of 1.17 and a debt-to-equity ratio of 3.97. Capri Holdings Limited has a 52-week low of $11.86 and a 52-week high of $43.34.

Capri (NYSE:CPRI) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.37. Capri had a negative return on equity of 53.50% and a negative net margin of 26.73%.The firm had revenue of $797.00 million for the quarter, compared to the consensus estimate of $773.18 million. During the same quarter last year, the business posted $0.04 EPS. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. On average, research analysts anticipate that Capri Holdings Limited will post 0.98 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. 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. Telsey Advisory Group reissued a “market perform” rating and set a $22.00 price objective (up previously from $20.00) on shares of Capri in a research note on Wednesday, August 6th. Wall Street Zen raised Capri from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Finally, JPMorgan Chase & Co. raised Capri from a “neutral” rating to an “overweight” rating and upped their price target for the company from $21.00 to $30.00 in a research note on Wednesday, August 13th. Five equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $24.08.

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.