Samlyn Capital LLC Buys 61,232 Shares of Capri Holdings Limited (NYSE:CPRI)

Samlyn Capital LLC raised its holdings in Capri Holdings Limited (NYSE:CPRI) by 8.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 795,258 shares of the company’s stock after buying an additional 61,232 shares during the quarter. Samlyn Capital LLC owned 0.68% of Capri worth $26,307,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of CPRI. Quent Capital LLC increased its holdings in Capri by 171.8% in the 1st quarter. Quent Capital LLC now owns 1,120 shares of the company’s stock valued at $51,000 after buying an additional 708 shares during the period. Bessemer Group Inc. boosted its stake in shares of Capri by 82.4% in the 1st quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock valued at $60,000 after purchasing an additional 601 shares in the last quarter. Vima LLC acquired a new stake in shares of Capri in the 4th quarter valued at $70,000. CWM LLC boosted its stake in shares of Capri by 35.2% in the 2nd quarter. CWM LLC now owns 2,452 shares of the company’s stock valued at $81,000 after purchasing an additional 638 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in shares of Capri by 14.7% in the 2nd quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock valued at $90,000 after purchasing an additional 351 shares in the last quarter. Institutional investors own 84.34% of the company’s stock.

Capri Stock Down 0.5 %

Shares of NYSE CPRI opened at $38.10 on Tuesday. The firm’s 50-day simple moving average is $34.81 and its 200 day simple moving average is $36.59. The company has a market cap of $4.44 billion, a price-to-earnings ratio of -19.34, a price-to-earnings-growth ratio of 6.66 and a beta of 1.97. The company has a quick ratio of 0.41, a current ratio of 0.95 and a debt-to-equity ratio of 0.79. Capri Holdings Limited has a 12-month low of $29.28 and a 12-month high of $52.88.

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 negative net margin of 5.81% and a positive return on equity of 18.72%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter in the previous year, the company posted $0.74 earnings per share. The business’s revenue for the quarter was down 13.2% on a year-over-year basis. On average, research analysts expect that Capri Holdings Limited will post 2.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CPRI. UBS Group reduced their target price on shares of Capri from $42.00 to $39.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 11th. Jefferies Financial Group reduced their target price on shares of Capri from $57.00 to $38.00 and set a “hold” rating on the stock in a research note on Thursday, May 30th. StockNews.com downgraded shares of Capri from a “hold” rating to a “sell” rating in a research note on Tuesday, August 27th. Citigroup downgraded shares of Capri from a “buy” rating to a “neutral” rating and set a $41.00 target price on the stock. in a research note on Friday, September 13th. Finally, Wells Fargo & Company reduced their price target on shares of Capri from $43.00 to $42.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $40.40.

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.