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

Proficio Capital Partners LLC bought a new position in shares of Capri Holdings Limited (NYSE:CPRI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 16,343 shares of the company’s stock, valued at approximately $344,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CPRI. 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 worth $82,196,000 after purchasing an additional 3,885,732 shares in the last quarter. FMR LLC grew its stake in shares of Capri by 389.2% during the third quarter. FMR LLC now owns 2,858,480 shares of the company’s stock worth $121,314,000 after buying an additional 2,274,149 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Capri during the fourth quarter worth $48,953,000. Geode Capital Management LLC increased its holdings in shares of Capri by 2.2% during the third quarter. Geode Capital Management LLC now owns 1,942,145 shares of the company’s stock worth $82,446,000 after buying an additional 41,009 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Capri by 7.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,004,085 shares of the company’s stock valued at $21,146,000 after acquiring an additional 73,672 shares during the last quarter. Institutional investors own 84.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Barclays dropped their target price on Capri from $21.00 to $19.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. JPMorgan Chase & Co. raised their price objective on shares of Capri from $15.00 to $19.00 and gave the company a “neutral” rating in a report on Monday, December 16th. Jefferies Financial Group boosted their target price on shares of Capri from $20.00 to $23.00 and gave the stock a “hold” rating in a report on Tuesday, January 28th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $23.00 price target on shares of Capri in a research note on Thursday, February 20th. Finally, Bank of America started coverage on shares of Capri in a research note on Monday, February 10th. They issued a “neutral” rating and a $23.00 price objective on the stock. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $25.92.

Capri Price Performance

CPRI stock opened at $21.04 on Wednesday. The stock has a market capitalization of $2.48 billion, a PE ratio of -2.46, a price-to-earnings-growth ratio of 7.80 and a beta of 2.10. Capri Holdings Limited has a 1 year low of $18.53 and a 1 year high of $46.09. The company’s 50-day moving average is $22.40 and its 200-day moving average is $26.47. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.21 and a quick ratio of 0.59.

Capri (NYSE:CPRI) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.45 EPS 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 quarter in the prior year, the business posted $1.20 EPS. Equities research analysts expect that Capri Holdings Limited will post 0.98 EPS for the current fiscal 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.