River & Mercantile Asset Management LLP boosted its stake in Capri Holdings Ltd (NYSE:CPRI) by 8.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 242,910 shares of the company’s stock after purchasing an additional 19,540 shares during the quarter. River & Mercantile Asset Management LLP’s holdings in Capri were worth $8,054,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of CPRI. Quadrant Capital Group LLC raised its stake in Capri by 98.4% in the third quarter. Quadrant Capital Group LLC now owns 760 shares of the company’s stock valued at $25,000 after purchasing an additional 377 shares in the last quarter. Destination Wealth Management acquired a new position in Capri in the second quarter valued at about $31,000. Coastal Investment Advisors Inc. acquired a new position in Capri in the second quarter valued at about $31,000. Pearl River Capital LLC acquired a new position in Capri in the second quarter valued at about $32,000. Finally, Marshall Wace LLP acquired a new position in Capri in the first quarter valued at about $69,000. 85.23% of the stock is owned by institutional investors and hedge funds.
A number of research analysts recently commented on CPRI shares. Zacks Investment Research downgraded Capri from a “hold” rating to a “sell” rating and set a $33.00 price target for the company. in a research note on Thursday, September 12th. Evercore ISI set a $50.00 target price on Capri and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Jefferies Financial Group boosted their target price on Capri from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, September 18th. They noted that the move was a valuation call. MKM Partners lowered their target price on Capri to $35.00 and set a “neutral” rating for the company in a research note on Monday, August 12th. Finally, ValuEngine downgraded Capri from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company’s stock. Capri has a consensus rating of “Hold” and an average target price of $52.23.
NYSE CPRI traded down $0.26 during trading on Monday, hitting $36.36. 2,552,326 shares of the company’s stock were exchanged, compared to its average volume of 2,819,733. The company has a current ratio of 1.03, a quick ratio of 0.42 and a debt-to-equity ratio of 1.58. The company has a market cap of $5.49 billion, a PE ratio of 7.32, a P/E/G ratio of 1.22 and a beta of 0.80. Capri Holdings Ltd has a fifty-two week low of $25.25 and a fifty-two week high of $50.10. The stock’s 50 day moving average price is $31.45 and its two-hundred day moving average price is $34.06.
Capri (NYSE:CPRI) last issued its earnings results on Wednesday, November 6th. The company reported $1.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.25 by ($0.09). The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.44 billion. Capri had a return on equity of 30.29% and a net margin of 7.45%. Capri’s revenue for the quarter was up 15.1% compared to the same quarter last year. Analysts forecast that Capri Holdings Ltd will post 4.87 earnings per share for the current fiscal year.
In other news, CEO John D. Idol purchased 363,000 shares of Capri stock in a transaction dated Thursday, August 15th. The shares were bought at an average cost of $27.48 per share, for a total transaction of $9,975,240.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.30% of the company’s stock.
Capri Holdings Limited design, markets, distributes, and retails branded women's and men's apparel and accessories. It operates in four segments: MK Retail, MK Wholesale, MK Licensing, and Jimmy Choo. The MK Retail segment sells women's apparel; handbags and small leather goods; men's apparel; footwear; and licensed products comprising watches, jewelry, fragrances, and beauty and eyewear.
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