56,390 Shares in Capri Holdings Limited (NYSE:CPRI) Bought by Aristides Capital LLC

Aristides Capital LLC purchased a new stake in shares of Capri Holdings Limited (NYSE:CPRI) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 56,390 shares of the company’s stock, valued at approximately $1,865,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Brevan Howard Capital Management LP bought a new position in Capri in the 4th quarter worth $3,153,000. State Board of Administration of Florida Retirement System increased its holdings in Capri by 17.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 155,580 shares of the company’s stock valued at $7,312,000 after acquiring an additional 23,294 shares during the last quarter. Nomura Holdings Inc. purchased a new stake in Capri in the 4th quarter worth $1,533,000. Gabelli Funds LLC boosted its holdings in shares of Capri by 7.1% during the 1st quarter. Gabelli Funds LLC now owns 504,599 shares of the company’s stock valued at $22,858,000 after purchasing an additional 33,550 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new position in shares of Capri during the first quarter valued at about $1,283,000. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Capri Stock Up 7.5 %

Shares of NYSE:CPRI opened at $42.42 on Tuesday. The firm has a market capitalization of $4.95 billion, a PE ratio of -21.53, a price-to-earnings-growth ratio of 6.27 and a beta of 1.97. The business has a 50 day simple moving average of $35.15 and a two-hundred day simple moving average of $36.37. Capri Holdings Limited has a 1 year low of $29.28 and a 1 year high of $52.64. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.95 and a quick ratio of 0.41.

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

Wall Street Analysts Forecast Growth

CPRI has been the subject of a number of research reports. Wells Fargo & Company dropped their price target on Capri from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. UBS Group lowered their target price on Capri from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Wednesday, September 11th. StockNews.com downgraded shares of Capri from a “hold” rating to a “sell” rating in a research note on Tuesday, August 27th. Finally, Citigroup cut shares of Capri from a “buy” rating to a “neutral” rating and set a $41.00 price objective for the company. in a research note on Friday, September 13th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average 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.