Truist Financial Corp Makes New Investment in Capri Holdings Limited (NYSE:CPRI)

Truist Financial Corp purchased a new position in shares of Capri Holdings Limited (NYSE:CPRI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 12,961 shares of the company’s stock, valued at approximately $429,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Quent Capital LLC lifted its position in shares of Capri by 171.8% during the 1st quarter. Quent Capital LLC now owns 1,120 shares of the company’s stock valued at $51,000 after acquiring an additional 708 shares during the period. Bessemer Group Inc. grew its stake in shares of Capri by 82.4% during the 1st quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock valued at $60,000 after buying an additional 601 shares during the period. CWM LLC grew its stake in shares of Capri by 35.2% during the 2nd quarter. CWM LLC now owns 2,452 shares of the company’s stock valued at $81,000 after buying an additional 638 shares during the period. Signaturefd LLC grew its stake in shares of Capri by 14.7% during the 2nd quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock valued at $90,000 after buying an additional 351 shares during the period. Finally, EMC Capital Management boosted its position in Capri by 32.7% during the 1st quarter. EMC Capital Management now owns 2,421 shares of the company’s stock worth $110,000 after purchasing an additional 596 shares during the period. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. UBS Group cut their price objective on shares of Capri from $42.00 to $39.00 and set a “neutral” rating on the stock in a report on Wednesday, September 11th. 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 research report on Friday, September 13th. Wells Fargo & Company decreased their target price on shares of Capri from $43.00 to $42.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Finally, StockNews.com cut shares of Capri from a “hold” rating to a “sell” rating in a report on Tuesday, August 27th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $40.40.

Capri Stock Down 0.3 %

Shares of NYSE:CPRI opened at $42.91 on Thursday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.41 and a current ratio of 0.95. The company has a market cap of $5.01 billion, a PE ratio of -21.86, a price-to-earnings-growth ratio of 7.08 and a beta of 1.97. Capri Holdings Limited has a 52 week low of $29.28 and a 52 week high of $52.06. The firm has a 50 day simple moving average of $37.38 and a 200 day simple moving average of $36.11.

Capri (NYSE:CPRI) last released its earnings results 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 company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the previous year, the company earned $0.74 EPS. The firm’s quarterly revenue was down 13.2% compared to the same quarter last year. As a group, research analysts expect that Capri Holdings Limited will post 2.12 earnings per share 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.