Invst LLC Buys 2,346 Shares of Capri Holdings Limited (NYSE:CPRI)

Invst LLC raised its stake in shares of Capri Holdings Limited (NYSE:CPRI) by 14.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,071 shares of the company’s stock after acquiring an additional 2,346 shares during the period. Invst LLC’s holdings in Capri were worth $647,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Water Island Capital LLC lifted its position in shares of Capri by 20.2% during the second quarter. Water Island Capital LLC now owns 35,923 shares of the company’s stock valued at $1,188,000 after purchasing an additional 6,037 shares in the last quarter. Clearline Capital LP purchased a new stake in Capri in the 2nd quarter valued at about $9,362,000. Algert Global LLC lifted its position in shares of Capri by 22.4% during the 2nd quarter. Algert Global LLC now owns 64,111 shares of the company’s stock worth $2,121,000 after buying an additional 11,741 shares in the last quarter. DME Capital Management LP purchased a new position in shares of Capri in the 2nd quarter worth approximately $22,652,000. Finally, Armistice Capital LLC grew its holdings in shares of Capri by 57.3% in the second quarter. Armistice Capital LLC now owns 9,629 shares of the company’s stock valued at $319,000 after acquiring an additional 3,507 shares in the last quarter. 84.34% of the stock is owned by hedge funds and other institutional investors.

Capri Stock Performance

Shares of CPRI stock opened at $42.42 on Tuesday. Capri Holdings Limited has a 12 month low of $29.28 and a 12 month high of $52.64. The stock has a market capitalization of $4.95 billion, a P/E ratio of -21.53, a PEG ratio of 6.27 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. The firm’s 50 day moving average is $35.15 and its 200 day moving average is $36.37.

Capri (NYSE:CPRI) last posted its earnings results on Thursday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.55). Capri had a positive return on equity of 18.72% and a negative net margin of 5.81%. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the prior year, the company earned $0.74 EPS. The company’s revenue was down 13.2% on a year-over-year basis. On average, sell-side analysts anticipate that Capri Holdings Limited will post 2.12 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have issued reports on CPRI. Wells Fargo & Company reduced their price objective on Capri from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. StockNews.com downgraded shares of Capri from a “hold” rating to a “sell” rating in a report on Tuesday, August 27th. Citigroup cut 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, UBS Group decreased their price target on shares of Capri from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $40.40.

Capri 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.