Baupost Group LLC MA Purchases New Stake in Capri Holdings Limited (NYSE:CPRI)

Baupost Group LLC MA acquired a new position in shares of Capri Holdings Limited (NYSE:CPRI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,000,000 shares of the company’s stock, valued at approximately $33,080,000. Capri comprises approximately 0.9% of Baupost Group LLC MA’s holdings, making the stock its 21st largest position. Baupost Group LLC MA owned approximately 0.86% of Capri as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Quent Capital LLC raised its position in Capri by 171.8% in the 1st quarter. Quent Capital LLC now owns 1,120 shares of the company’s stock valued at $51,000 after buying an additional 708 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of Capri by 82.4% in the first quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock valued at $60,000 after purchasing an additional 601 shares during the last quarter. Vima LLC purchased a new stake in shares of Capri in the fourth quarter valued at about $70,000. CWM LLC lifted its position in shares of Capri by 35.2% during the second quarter. CWM LLC now owns 2,452 shares of the company’s stock valued at $81,000 after purchasing an additional 638 shares in the last quarter. Finally, Signaturefd LLC lifted its position in shares of Capri by 14.7% during the 2nd quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock worth $90,000 after buying an additional 351 shares in the last quarter. 84.34% of the stock is owned by institutional investors.

Capri Stock Performance

Shares of CPRI stock opened at $38.32 on Friday. The firm’s 50 day moving average is $34.75 and its 200 day moving average is $36.78. The company has a current ratio of 0.95, a quick ratio of 0.41 and a debt-to-equity ratio of 0.79. Capri Holdings Limited has a 12 month low of $29.28 and a 12 month high of $52.88. The stock has a market capitalization of $4.47 billion, a P/E ratio of -19.45, a PEG ratio of 6.66 and a beta of 1.97.

Capri (NYSE:CPRI) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.55). The company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.16 billion. Capri had a negative net margin of 5.81% and a positive return on equity of 18.72%. The business’s revenue for the quarter was down 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.74 earnings per share. On average, sell-side analysts anticipate that Capri Holdings Limited will post 2.12 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Jefferies Financial Group reduced their price objective on Capri from $57.00 to $38.00 and set a “hold” rating for the company in a research note on Thursday, May 30th. Citigroup downgraded shares of Capri from a “buy” rating to a “neutral” rating and set a $41.00 price objective for the company. in a report on Friday, September 13th. Telsey Advisory Group reiterated a “market perform” rating and issued a $42.00 target price on shares of Capri in a research note on Thursday, May 30th. UBS Group decreased their price target on shares of Capri from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Wednesday, September 11th. Finally, StockNews.com downgraded Capri from a “hold” rating to a “sell” rating in a research note on Tuesday, August 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $40.40.

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.