Rhumbline Advisers Acquires 3,993 Shares of Capri Holdings Limited (NYSE:CPRI)

Rhumbline Advisers lifted its holdings in shares of Capri Holdings Limited (NYSE:CPRI) by 1.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 304,624 shares of the company’s stock after buying an additional 3,993 shares during the period. Rhumbline Advisers owned approximately 0.26% of Capri worth $6,415,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Creative Planning boosted its holdings in Capri by 18.0% in the third quarter. Creative Planning now owns 21,061 shares of the company’s stock worth $894,000 after purchasing an additional 3,214 shares during the last quarter. Patriot Financial Group Insurance Agency LLC bought a new position in shares of Capri during the 3rd quarter valued at $425,000. Nisa Investment Advisors LLC lifted its holdings in shares of Capri by 12.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 7,260 shares of the company’s stock valued at $308,000 after buying an additional 775 shares during the period. US Bancorp DE boosted its stake in shares of Capri by 164.1% in the 3rd quarter. US Bancorp DE now owns 5,097 shares of the company’s stock worth $216,000 after buying an additional 3,167 shares during the last quarter. Finally, Olympiad Research LP grew its holdings in shares of Capri by 47.5% in the third quarter. Olympiad Research LP now owns 41,864 shares of the company’s stock worth $1,777,000 after acquiring an additional 13,482 shares during the period. 84.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CPRI. Telsey Advisory Group reiterated a “market perform” rating and issued a $23.00 price objective on shares of Capri in a research note on Thursday, February 20th. Guggenheim reaffirmed a “buy” rating and set a $30.00 target price on shares of Capri in a report on Wednesday, February 12th. Wells Fargo & Company lifted their price target on shares of Capri from $28.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Citigroup raised shares of Capri from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $21.00 to $29.00 in a research report on Friday, January 10th. Finally, Jefferies Financial Group raised their target price on Capri from $20.00 to $23.00 and gave the stock a “hold” rating in a report on Tuesday, January 28th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Capri has a consensus rating of “Hold” and a consensus price target of $25.92.

Capri Stock Up 4.2 %

Shares of NYSE:CPRI opened at $21.13 on Thursday. The company has a current ratio of 1.21, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36. The firm has a 50 day simple moving average of $22.52 and a 200-day simple moving average of $28.16. The company has a market capitalization of $2.49 billion, a PE ratio of -2.47, a P/E/G ratio of 7.80 and a beta of 2.06. Capri Holdings Limited has a twelve month low of $18.70 and a twelve month high of $47.17.

Capri (NYSE:CPRI) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.27). Capri had a negative net margin of 21.79% and a positive return on equity of 12.89%. During the same period last year, the company earned $1.20 earnings per share. On average, equities analysts predict that Capri Holdings Limited will post 0.98 EPS for the current fiscal year.

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.