Dark Forest Capital Management LP Takes $5.57 Million Position in Capri Holdings Limited (NYSE:CPRI)

Dark Forest Capital Management LP bought a new position in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 264,666 shares of the company's stock, valued at approximately $5,574,000. Capri accounts for about 0.8% of Dark Forest Capital Management LP's investment portfolio, making the stock its 7th largest position. Dark Forest Capital Management LP owned approximately 0.22% of Capri at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Twin Tree Management LP acquired a new position in Capri during the fourth quarter worth about $45,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Capri during the 4th quarter worth approximately $74,000. KBC Group NV grew its holdings in shares of Capri by 63.9% in the 4th quarter. KBC Group NV now owns 5,039 shares of the company's stock worth $106,000 after acquiring an additional 1,965 shares during the period. Sterling Capital Management LLC increased its stake in Capri by 58.9% in the 4th quarter. Sterling Capital Management LLC now owns 6,872 shares of the company's stock valued at $145,000 after purchasing an additional 2,546 shares in the last quarter. Finally, LexAurum Advisors LLC acquired a new position in Capri during the fourth quarter worth $211,000. 84.34% of the stock is owned by hedge funds and other institutional investors.

Capri Trading Up 1.2 %

Shares of CPRI traded up $0.18 during mid-day trading on Friday, hitting $14.88. The company had a trading volume of 2,039,551 shares, compared to its average volume of 3,112,790. Capri Holdings Limited has a 1-year low of $11.86 and a 1-year high of $43.34. The business's 50-day simple moving average is $18.53 and its 200-day simple moving average is $22.67. The stock has a market cap of $1.75 billion, a PE ratio of -1.74, a P/E/G ratio of 7.80 and a beta of 1.77. The company has a quick ratio of 0.59, a current ratio of 1.21 and a debt-to-equity ratio of 1.36.

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 the consensus estimate 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 previous year, the firm earned $1.20 EPS. Sell-side analysts forecast that Capri Holdings Limited will post 0.98 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. StockNews.com upgraded Capri from a "sell" rating to a "hold" rating in a research report on Friday, February 7th. Bank of America started coverage on shares of Capri in a report on Monday, February 10th. They set a "neutral" rating and a $23.00 target price for the company. Robert W. Baird reduced their price target on shares of Capri from $26.00 to $18.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Wells Fargo & Company dropped their price objective on shares of Capri from $30.00 to $25.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Finally, Jefferies Financial Group upped their target price on Capri from $20.00 to $23.00 and gave the company a "hold" rating in a research note on Tuesday, January 28th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $24.08.

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.