Proficio Capital Partners LLC Acquires New Stake in Capri Holdings Limited (NYSE:CPRI)

Proficio Capital Partners LLC acquired a new stake in shares of Capri Holdings Limited (NYSE:CPRI) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 16,343 shares of the company’s stock, valued at approximately $344,000.

Other large investors also recently bought and sold shares of the company. Primecap Management Co. CA lifted its holdings in shares of Capri by 14.2% in the 3rd quarter. Primecap Management Co. CA now owns 4,140,755 shares of the company’s stock worth $175,734,000 after buying an additional 515,963 shares during the period. Pacer Advisors Inc. increased its position in Capri by 22,554.7% during the 4th quarter. Pacer Advisors Inc. now owns 3,902,960 shares of the company’s stock valued at $82,196,000 after buying an additional 3,885,732 shares in the last quarter. FMR LLC grew its stake in Capri by 389.2% during the 3rd quarter. FMR LLC now owns 2,858,480 shares of the company’s stock valued at $121,314,000 after purchasing an additional 2,274,149 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in Capri during the 4th quarter valued at about $48,953,000. Finally, Geode Capital Management LLC grew its stake in Capri by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,942,145 shares of the company’s stock valued at $82,446,000 after purchasing an additional 41,009 shares during the last quarter. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Capri Trading Down 8.7 %

NYSE:CPRI opened at $19.06 on Tuesday. The firm has a market cap of $2.25 billion, a PE ratio of -2.23, a price-to-earnings-growth ratio of 7.80 and a beta of 2.10. The stock has a fifty day moving average price of $22.64 and a 200 day moving average price of $27.65. Capri Holdings Limited has a 12-month low of $18.52 and a 12-month high of $46.97. The company has a current ratio of 1.21, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36.

Capri (NYSE:CPRI) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm earned $1.20 earnings per share. Sell-side analysts anticipate that Capri Holdings Limited will post 0.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on CPRI. Wells Fargo & Company upped their target price on Capri from $28.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. StockNews.com raised Capri from a “sell” rating to a “hold” rating in a report on Friday, February 7th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $23.00 price target on shares of Capri in a report on Thursday, February 20th. Citigroup raised Capri from a “neutral” rating to a “buy” rating and increased their price target for the company from $21.00 to $29.00 in a report on Friday, January 10th. Finally, TD Cowen cut their target price on Capri from $57.00 to $22.00 and set a “hold” rating for the company in a research note on Friday, November 15th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $25.92.

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.