Kamunting Street Capital Management L.P. Buys 40,000 Shares of Capri Holdings Limited (NYSE:CPRI)

Kamunting Street Capital Management L.P. grew its position in Capri Holdings Limited (NYSE:CPRI - Free Report) by 44.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 129,132 shares of the company's stock after acquiring an additional 40,000 shares during the period. Capri accounts for 2.4% of Kamunting Street Capital Management L.P.'s portfolio, making the stock its 11th largest holding. Kamunting Street Capital Management L.P. owned about 0.11% of Capri worth $2,720,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CPRI shares. Guggenheim restated a "buy" rating and set a $30.00 target price on shares of Capri in a research report on Wednesday, February 12th. Wells Fargo & Company dropped their price objective on Capri from $30.00 to $25.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Jefferies Financial Group raised their target price on shares of Capri from $20.00 to $23.00 and gave the company a "hold" rating in a research note on Tuesday, January 28th. Barclays reduced their price objective on shares of Capri from $19.00 to $13.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 10th. Finally, Robert W. Baird reduced their price target on Capri from $26.00 to $18.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $24.08.

Capri Stock Up 1.2 %

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

Capri (NYSE:CPRI - Get Free Report) last issued its quarterly earnings data 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 positive return on equity of 12.89% and a negative net margin of 21.79%. During the same quarter last year, the business earned $1.20 EPS. On average, sell-side analysts predict that Capri Holdings Limited will post 0.98 EPS for the current fiscal year.

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.