Hourglass Capital LLC Invests $2.03 Million in Capri Holdings Limited (NYSE:CPRI)

Hourglass Capital LLC bought a new position in Capri Holdings Limited (NYSE:CPRI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 96,570 shares of the company's stock, valued at approximately $2,034,000. Hourglass Capital LLC owned about 0.08% of Capri as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. CWM LLC raised its stake in Capri by 26.9% during the 3rd quarter. CWM LLC now owns 3,112 shares of the company's stock valued at $132,000 after purchasing an additional 660 shares during the period. Creative Planning boosted its holdings in shares of Capri by 18.0% in the 3rd quarter. Creative Planning now owns 21,061 shares of the company's stock worth $894,000 after purchasing an additional 3,214 shares during the period. Accurate Wealth Management LLC boosted its holdings in Capri by 36.1% during the 3rd quarter. Accurate Wealth Management LLC now owns 24,439 shares of the company's stock valued at $1,052,000 after acquiring an additional 6,486 shares during the period. Fortis Group Advisors LLC purchased a new position in Capri during the 3rd quarter valued at $2,149,000. Finally, Riverwater Partners LLC purchased a new position in Capri during the 3rd quarter valued at $1,030,000. Institutional investors own 84.34% of the company's stock.

Capri Price Performance

Shares of CPRI traded up $1.04 during midday trading on Wednesday, reaching $22.55. The stock had a trading volume of 3,823,165 shares, compared to its average volume of 3,264,780. The firm's 50 day moving average price is $22.57 and its 200-day moving average price is $28.54. The company has a market capitalization of $2.66 billion, a P/E ratio of -2.64, a P/E/G ratio of 8.01 and a beta of 2.06. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.21 and a quick ratio of 0.59. Capri Holdings Limited has a 52 week low of $18.70 and a 52 week high of $47.29.

Capri (NYSE:CPRI - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $0.45 EPS for the quarter, missing analysts' consensus estimates 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 period in the previous year, the company posted $1.20 earnings per share. On average, analysts forecast that Capri Holdings Limited will post 0.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CPRI has been the subject of several recent research reports. Telsey Advisory Group reissued a "market perform" rating and issued a $23.00 price target on shares of Capri in a research report on Wednesday, February 5th. Bank of America assumed coverage on Capri in a research note on Monday, February 10th. They set a "neutral" rating and a $23.00 price target on the stock. Robert W. Baird lowered their target price on Capri from $24.00 to $23.00 and set a "neutral" rating on the stock in a research note on Friday, November 8th. Jefferies Financial Group upped their target price on Capri from $20.00 to $23.00 and gave the stock a "hold" rating in a research note on Tuesday, January 28th. Finally, BMO Capital Markets raised Capri from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $25.00 to $31.00 in a report on Monday, January 6th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Capri currently has a consensus rating of "Hold" and an average price target of $25.92.

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.