Machina Capital S.A.S. Takes $1.86 Million Position in Capri Holdings Limited (NYSE:CPRI)

Machina Capital S.A.S. acquired a new position in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 88,076 shares of the company's stock, valued at approximately $1,855,000. Capri comprises 0.8% of Machina Capital S.A.S.'s investment portfolio, making the stock its 23rd biggest position. Machina Capital S.A.S. owned approximately 0.07% of Capri as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CPRI. Sunbelt Securities Inc. purchased a new stake in Capri during the 3rd quarter worth approximately $42,000. Quarry LP acquired a new stake in Capri during the third quarter worth about $53,000. KBC Group NV raised its position in shares of Capri by 63.9% in the fourth 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. Avior Wealth Management LLC grew its holdings in Capri by 15.2% in the third quarter. Avior Wealth Management LLC now owns 4,033 shares of the company's stock valued at $171,000 after purchasing an additional 533 shares during the period. Finally, LexAurum Advisors LLC acquired a new position in Capri during the fourth quarter worth $211,000. Institutional investors own 84.34% of the company's stock.

Capri Stock Performance

Shares of Capri stock traded up $0.03 during trading on Wednesday, hitting $19.51. 3,458,000 shares of the stock were exchanged, compared to its average volume of 3,442,303. Capri Holdings Limited has a 12 month low of $18.52 and a 12 month high of $46.97. The stock's fifty day moving average is $22.58 and its 200 day moving average is $27.42. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.59 and a current ratio of 1.21. The stock has a market cap of $2.30 billion, a PE ratio of -2.28, a P/E/G ratio of 7.80 and a beta of 2.10.

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Capri (NYSE:CPRI - Get Free Report) last released its quarterly 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 positive return on equity of 12.89% and a negative net margin of 21.79%. During the same quarter in the prior year, the company earned $1.20 EPS. As a group, sell-side analysts anticipate that Capri Holdings Limited will post 0.98 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on CPRI. Guggenheim restated a "buy" rating and issued a $30.00 price objective on shares of Capri in a report on Wednesday, February 12th. Bank of America initiated coverage on Capri in a research note on Monday, February 10th. They issued a "neutral" rating and a $23.00 price objective for the company. Jefferies Financial Group boosted their price objective on shares of Capri from $20.00 to $23.00 and gave the stock a "hold" rating in a research report on Tuesday, January 28th. JPMorgan Chase & Co. lifted their price target on shares of Capri from $15.00 to $19.00 and gave the company a "neutral" rating in a research report on Monday, December 16th. Finally, BMO Capital Markets raised shares of 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 research report on Monday, January 6th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Capri presently has a consensus rating of "Hold" and an average target price 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.