5,511 Shares in Capri Holdings Limited (NYSE:CPRI) Bought by Itau Unibanco Holding S.A.

Itau Unibanco Holding S.A. bought a new stake in shares of Capri Holdings Limited (NYSE:CPRI) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 5,511 shares of the company’s stock, valued at approximately $182,000.

Several other institutional investors have also added to or reduced their stakes in CPRI. Baupost Group LLC MA purchased a new position in shares of Capri in the 2nd quarter valued at approximately $33,080,000. Khrom Capital Management LLC purchased a new position in shares of Capri in the first quarter worth $17,681,000. Ruffer LLP acquired a new stake in shares of Capri during the fourth quarter worth $17,450,000. P Schoenfeld Asset Management LP purchased a new stake in shares of Capri during the fourth quarter valued at $15,072,000. Finally, Absolute Gestao de Investimentos Ltda. acquired a new position in shares of Capri in the 1st quarter valued at $13,008,000. Institutional investors and hedge funds own 84.34% of the company’s stock.

Analyst Upgrades and Downgrades

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

Capri Price Performance

Shares of NYSE CPRI opened at $38.29 on Monday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.95 and a quick ratio of 0.41. The stock has a market capitalization of $4.47 billion, a price-to-earnings ratio of -19.44, a PEG ratio of 6.66 and a beta of 1.97. The firm’s 50 day simple moving average is $34.75 and its 200-day simple moving average is $36.65. Capri Holdings Limited has a 12 month low of $29.28 and a 12 month high of $52.88.

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