Creative Planning Raises Holdings in Capri Holdings Limited (NYSE:CPRI)

Creative Planning increased its holdings in Capri Holdings Limited (NYSE:CPRI) by 18.0% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 21,061 shares of the company’s stock after acquiring an additional 3,214 shares during the period. Creative Planning’s holdings in Capri were worth $894,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC grew its position in Capri by 13,982.7% in the third quarter. Exchange Traded Concepts LLC now owns 21,124 shares of the company’s stock worth $897,000 after acquiring an additional 20,974 shares during the period. CWM LLC lifted its stake in Capri by 26.9% during the third quarter. CWM LLC now owns 3,112 shares of the company’s stock worth $132,000 after purchasing an additional 660 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in Capri by 47.3% during the third quarter. Handelsbanken Fonder AB now owns 34,900 shares of the company’s stock worth $1,481,000 after purchasing an additional 11,200 shares in the last quarter. Seneca House Advisors acquired a new position in Capri during the third quarter worth $233,000. Finally, SG Americas Securities LLC lifted its stake in Capri by 17.2% during the third quarter. SG Americas Securities LLC now owns 56,437 shares of the company’s stock worth $2,395,000 after purchasing an additional 8,288 shares in the last quarter. 84.34% of the stock is currently owned by hedge funds and other institutional investors.

Capri Stock Up 1.9 %

Shares of NYSE CPRI opened at $20.11 on Friday. The stock has a market cap of $2.37 billion, a P/E ratio of -8.08, a PEG ratio of 3.32 and a beta of 1.97. The company has a current ratio of 0.95, a quick ratio of 0.41 and a debt-to-equity ratio of 0.79. Capri Holdings Limited has a 12-month low of $18.75 and a 12-month high of $51.23. The business’s fifty day simple moving average is $37.63 and its 200-day simple moving average is $35.35.

Capri (NYSE:CPRI) last posted its quarterly 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). Capri had a negative net margin of 5.81% and a positive return on equity of 18.72%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the prior year, the business earned $0.74 earnings per share. The firm’s quarterly revenue was down 13.2% on a year-over-year basis. As a group, equities analysts predict that Capri Holdings Limited will post 2.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on CPRI. Wells Fargo & Company decreased their price target on Capri from $42.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday, October 25th. Citigroup cut Capri from a “buy” rating to a “neutral” rating and set a $41.00 price target on the stock. in a research note on Friday, September 13th. JPMorgan Chase & Co. decreased their price target on Capri from $57.00 to $22.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Telsey Advisory Group restated a “market perform” rating and set a $26.00 price target on shares of Capri in a research note on Friday. Finally, StockNews.com cut Capri from a “hold” rating to a “sell” rating in a research note on Tuesday, August 27th. One equities research analyst has rated the stock with a sell rating and six have given a hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $31.50.

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.