Magnetar Financial LLC Sells 815,335 Shares of Capri Holdings Limited (NYSE:CPRI)

Magnetar Financial LLC cut its position in shares of Capri Holdings Limited (NYSE:CPRI) by 72.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 311,212 shares of the company’s stock after selling 815,335 shares during the quarter. Magnetar Financial LLC owned about 0.27% of Capri worth $10,295,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. TIG Advisors LLC grew its holdings in Capri by 9.3% during the 4th quarter. TIG Advisors LLC now owns 1,863,562 shares of the company’s stock worth $93,625,000 after acquiring an additional 158,303 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Capri by 4.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,587,602 shares of the company’s stock valued at $52,514,000 after purchasing an additional 68,081 shares in the last quarter. PSquared Asset Management AG grew its stake in Capri by 21.5% during the fourth quarter. PSquared Asset Management AG now owns 1,410,515 shares of the company’s stock worth $64,807,000 after purchasing an additional 249,327 shares during the period. Baupost Group LLC MA bought a new stake in Capri in the second quarter worth approximately $33,080,000. Finally, Carlson Capital L P lifted its stake in Capri by 2.1% in the first quarter. Carlson Capital L P now owns 955,000 shares of the company’s stock valued at $43,262,000 after buying an additional 20,000 shares during the period. 84.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Telsey Advisory Group reaffirmed a “market perform” rating and set a $42.00 price objective on shares of Capri in a research report on Thursday, May 30th. Citigroup downgraded shares of Capri from a “buy” rating to a “neutral” rating and set a $41.00 price target for the company. in a research note on Friday, September 13th. Wells Fargo & Company cut their price objective on shares of Capri from $43.00 to $42.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. 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 research report on Thursday, May 30th. Finally, UBS Group cut their price target on Capri from $42.00 to $39.00 and set a “neutral” rating on the stock in a report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Capri has a consensus rating of “Hold” and a consensus price target of $40.40.

Capri Stock Down 1.5 %

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

Capri (NYSE:CPRI) last posted 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). Capri had a positive return on equity of 18.72% and a negative net margin of 5.81%. The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the prior year, the firm earned $0.74 earnings per share. Capri’s revenue was down 13.2% compared to the same quarter last year. Sell-side analysts expect that Capri Holdings Limited will post 2.12 EPS for the current fiscal year.

Capri 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.