ARGA Investment Management LP Increases Position in Capri Holdings Limited (NYSE:CPRI)

ARGA Investment Management LP grew its stake in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) by 149.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 227,957 shares of the company's stock after purchasing an additional 136,556 shares during the period. ARGA Investment Management LP owned approximately 0.19% of Capri worth $4,801,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CPRI. Dynamic Technology Lab Private Ltd acquired a new stake in Capri in the 3rd quarter valued at $224,000. Riverwater Partners LLC bought a new position in Capri during the 3rd quarter worth approximately $1,030,000. Senvest Management LLC acquired a new stake in shares of Capri during the third quarter worth $6,610,000. Primecap Management Co. CA boosted its stake in Capri by 14.2% in the third quarter. Primecap Management Co. CA now owns 4,140,755 shares of the company's stock valued at $175,734,000 after acquiring an additional 515,963 shares during the period. Finally, Anthracite Investment Company Inc. bought a new stake in Capri in the third quarter valued at $7,869,000. 84.34% of the stock is currently owned by institutional investors and hedge funds.

Capri Stock Down 10.2 %

Capri stock traded down $2.45 during midday trading on Wednesday, hitting $21.59. 13,635,176 shares of the stock were exchanged, compared to its average volume of 3,275,424. The company has a quick ratio of 0.38, a current ratio of 0.93 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $2.54 billion, a price-to-earnings ratio of -7.05, a price-to-earnings-growth ratio of 5.76 and a beta of 2.06. The business's 50-day moving average price is $22.68 and its 200-day moving average price is $29.33. Capri Holdings Limited has a 52-week low of $18.70 and a 52-week high of $47.80.

Capri (NYSE:CPRI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.72 by ($0.27). Capri had a negative net margin of 7.44% and a positive return on equity of 16.54%. During the same period in the prior year, the firm earned $1.20 earnings per share. On average, research analysts expect that Capri Holdings Limited will post 1.51 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Telsey Advisory Group reiterated a "market perform" rating and issued a $23.00 price objective on shares of Capri in a report on Wednesday. BMO Capital Markets upgraded shares of Capri from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $25.00 to $31.00 in a report on Monday, January 6th. Wells Fargo & Company lifted their price objective on shares of Capri from $28.00 to $30.00 and gave the company an "overweight" rating in a research note on Monday, January 27th. Citigroup raised Capri from a "neutral" rating to a "buy" rating and raised their price target for the company from $21.00 to $29.00 in a research report on Friday, January 10th. Finally, Jefferies Financial Group lifted their target price on Capri from $20.00 to $23.00 and gave the stock a "hold" rating in a research report on Tuesday, January 28th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $26.36.

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.