195,384 Shares in Capri Holdings Limited (NYSE:CPRI) Purchased by Formula Growth Ltd.

Formula Growth Ltd. acquired a new position in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 195,384 shares of the company's stock, valued at approximately $4,115,000. Capri comprises about 1.4% of Formula Growth Ltd.'s holdings, making the stock its 22nd biggest holding. Formula Growth Ltd. owned approximately 0.17% of Capri as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Capri Stock Up 3.8 %

Shares of NYSE:CPRI traded up $0.53 during mid-day trading on Wednesday, reaching $14.41. 3,224,331 shares of the stock were exchanged, compared to its average volume of 3,132,233. Capri Holdings Limited has a one year low of $11.86 and a one year high of $43.34. The company has a quick ratio of 0.59, a current ratio of 1.21 and a debt-to-equity ratio of 1.36. The stock's 50 day simple moving average is $18.85 and its 200-day simple moving average is $22.92. The company has a market cap of $1.70 billion, a P/E ratio of -1.69, a P/E/G ratio of 7.80 and a beta of 1.77.

Capri (NYSE:CPRI - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.27). Capri had a positive return on equity of 12.89% and a negative net margin of 21.79%. During the same quarter last year, the firm posted $1.20 EPS. As a group, equities research analysts predict that Capri Holdings Limited will post 0.98 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have weighed in on CPRI shares. Robert W. Baird dropped their target price on shares of Capri from $26.00 to $18.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. StockNews.com raised Capri from a "sell" rating to a "hold" rating in a report on Friday, February 7th. Bank of America initiated coverage on shares of Capri in a research note on Monday, February 10th. They set a "neutral" rating and a $23.00 price target for the company. Wells Fargo & Company dropped their target price on shares of Capri from $30.00 to $25.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Finally, Guggenheim reaffirmed a "buy" rating and set a $30.00 price objective on shares of Capri in a research note on Wednesday, February 12th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Capri has an average rating of "Hold" and an average price target of $24.08.

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.