XTX Topco Ltd Acquires New Shares in Capri Holdings Limited (NYSE:CPRI)

XTX Topco Ltd acquired a new stake in Capri Holdings Limited (NYSE:CPRI) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 15,981 shares of the company’s stock, valued at approximately $529,000.

Other large investors have also made changes to their positions in the company. Khrom Capital Management LLC acquired a new position in Capri in the 1st quarter worth $17,681,000. Ruffer LLP acquired a new position in Capri in the 4th quarter worth $17,450,000. P Schoenfeld Asset Management LP acquired a new position in Capri in the 4th quarter worth $15,072,000. Absolute Gestao de Investimentos Ltda. acquired a new position in Capri in the 1st quarter worth $13,008,000. Finally, PSquared Asset Management AG boosted its stake in Capri by 21.5% in the 4th 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. Institutional investors own 84.34% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Capri Stock Up 0.4 %

Capri stock opened at $38.27 on Wednesday. The stock has a market cap of $4.46 billion, a P/E ratio of -19.43, 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 Holdings Limited has a twelve month low of $29.28 and a twelve month high of $52.88. The company’s 50-day moving average price is $34.87 and its two-hundred day moving average price is $36.53.

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