Nomura Holdings Inc. Makes New $1.53 Million Investment in Capri Holdings Limited (NYSE:CPRI)

Nomura Holdings Inc. purchased a new stake in shares of Capri Holdings Limited (NYSE:CPRI) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 30,512 shares of the company’s stock, valued at approximately $1,533,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Private Wealth Management Group LLC acquired a new position in Capri in the 4th quarter worth approximately $25,000. Cerity Partners LLC increased its stake in shares of Capri by 24.3% in the fourth quarter. Cerity Partners LLC now owns 5,295 shares of the company’s stock worth $266,000 after acquiring an additional 1,035 shares during the period. Vima LLC purchased a new position in shares of Capri during the fourth quarter worth $70,000. U S Global Investors Inc. acquired a new position in Capri during the fourth quarter valued at $75,000. Finally, Pekin Hardy Strauss Inc. boosted its holdings in Capri by 8.1% in the fourth quarter. Pekin Hardy Strauss Inc. now owns 21,612 shares of the company’s stock valued at $1,086,000 after purchasing an additional 1,625 shares during the last quarter. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Telsey Advisory Group reissued a “market perform” rating and issued a $42.00 price objective on shares of Capri in a report on Thursday, May 30th. Citigroup upgraded Capri from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $56.00 to $41.00 in a research report on Monday. StockNews.com assumed coverage on shares of Capri in a report on Saturday, April 13th. They set a “hold” rating for the company. Jefferies Financial Group lowered their price target on shares of Capri from $57.00 to $38.00 and set a “hold” rating on the stock in a report on Thursday, May 30th. Finally, OTR Global reiterated a “mixed” rating on shares of Capri in a research report on Wednesday, April 17th. Ten investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Capri presently has a consensus rating of “Hold” and a consensus price target of $49.50.

Capri Price Performance

NYSE:CPRI opened at $31.73 on Thursday. The firm has a market cap of $3.70 billion, a P/E ratio of -16.11, a price-to-earnings-growth ratio of 3.24 and a beta of 2.00. The stock has a 50 day moving average of $35.35 and a two-hundred day moving average of $43.43. Capri Holdings Limited has a 12 month low of $31.42 and a 12 month high of $54.52. The company has a current ratio of 0.95, a quick ratio of 0.44 and a debt-to-equity ratio of 0.79.

Capri (NYSE:CPRI) last posted its quarterly earnings data on Wednesday, May 29th. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.30). Capri had a negative net margin of 4.43% and a positive return on equity of 22.76%. The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the company posted $0.97 earnings per share. The firm’s revenue for the quarter was down 8.4% compared to the same quarter last year. On average, analysts expect that Capri Holdings Limited will post 3.45 earnings per share for the current fiscal 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.