Regal Investment Advisors LLC Raises Stake in Capri Holdings Limited (NYSE:CPRI)

Regal Investment Advisors LLC boosted its holdings in shares of Capri Holdings Limited (NYSE:CPRI) by 14.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,197 shares of the company’s stock after acquiring an additional 13,278 shares during the period. Regal Investment Advisors LLC owned 0.09% of Capri worth $3,546,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of CPRI. Baupost Group LLC MA purchased a new position in Capri in the second quarter worth about $33,080,000. DME Capital Management LP purchased a new position in Capri in the second quarter worth about $22,652,000. Khrom Capital Management LLC purchased a new position in Capri in the first quarter worth about $17,681,000. P Schoenfeld Asset Management LP purchased a new position in Capri in the fourth quarter worth about $15,072,000. Finally, Absolute Gestao de Investimentos Ltda. purchased a new position in Capri in the first quarter worth about $13,008,000. 84.34% of the stock is owned by hedge funds and other institutional investors.

Capri Stock Performance

CPRI opened at $42.42 on Tuesday. The firm has a market cap of $4.95 billion, a P/E ratio of -21.53, a PEG ratio of 6.27 and a beta of 1.97. Capri Holdings Limited has a 1-year low of $29.28 and a 1-year high of $52.64. The company has a 50 day simple moving average of $35.15 and a two-hundred day simple moving average of $36.37. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.95 and a quick ratio of 0.41.

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on CPRI shares. UBS Group reduced 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. Citigroup lowered 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 reduced their price target on shares of Capri from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. Finally, StockNews.com lowered shares of Capri from a “hold” rating to a “sell” rating in a research report on Tuesday, August 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus 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.