Vanguard Personalized Indexing Management LLC Increases Stock Holdings in Capri Holdings Limited $CPRI

Vanguard Personalized Indexing Management LLC lifted its stake in shares of Capri Holdings Limited (NYSE:CPRI) by 59.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 19,498 shares of the company’s stock after buying an additional 7,232 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Capri were worth $345,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. PNC Financial Services Group Inc. lifted its stake in Capri by 5.7% in the first quarter. PNC Financial Services Group Inc. now owns 12,320 shares of the company’s stock valued at $243,000 after buying an additional 667 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Capri by 0.3% in the first quarter. Principal Financial Group Inc. now owns 271,400 shares of the company’s stock valued at $5,355,000 after buying an additional 709 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its stake in Capri by 3.1% in the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 30,163 shares of the company’s stock valued at $595,000 after buying an additional 905 shares during the last quarter. US Bancorp DE grew its stake in shares of Capri by 30.2% in the first quarter. US Bancorp DE now owns 4,932 shares of the company’s stock worth $97,000 after purchasing an additional 1,143 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in shares of Capri by 758.1% in the first quarter. Farther Finance Advisors LLC now owns 1,433 shares of the company’s stock worth $28,000 after purchasing an additional 1,266 shares in the last quarter. 84.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on CPRI. Telsey Advisory Group reissued a “market perform” rating and issued a $22.00 price target (up previously from $20.00) on shares of Capri in a research note on Wednesday, August 6th. Jefferies Financial Group increased their price target on Capri from $19.00 to $21.00 and gave the stock a “hold” rating in a research note on Thursday. UBS Group increased their price target on Capri from $18.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. JPMorgan Chase & Co. raised Capri from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $21.00 to $30.00 in a research note on Wednesday, August 13th. Finally, Zacks Research raised Capri from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 26th. Seven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $24.43.

Capri Trading Up 0.7%

Shares of CPRI stock opened at $22.61 on Friday. The stock has a 50-day simple moving average of $20.91 and a 200 day simple moving average of $18.59. Capri Holdings Limited has a fifty-two week low of $11.86 and a fifty-two week high of $42.21. The stock has a market capitalization of $2.69 billion, a P/E ratio of -2.40, a P/E/G ratio of 0.47 and a beta of 1.82. 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 (NYSE:CPRI) last announced its earnings results on Wednesday, August 6th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $797.00 million during the quarter, compared to analysts’ expectations of $773.18 million. During the same quarter last year, the business posted $0.04 earnings per share. The company’s quarterly revenue was down 6.0% on a year-over-year basis. On average, sell-side analysts expect that Capri Holdings Limited will post 0.98 earnings per share for the current fiscal 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.