Monimus Capital Management LP Makes New $3.10 Million Investment in Capri Holdings Limited (NYSE:CPRI)

Monimus Capital Management LP purchased a new position in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 146,945 shares of the company's stock, valued at approximately $3,095,000. Capri comprises approximately 2.9% of Monimus Capital Management LP's investment portfolio, making the stock its 14th biggest holding. Monimus Capital Management LP owned approximately 0.12% of Capri as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Avior Wealth Management LLC raised its stake in shares of 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 buying an additional 533 shares during the period. Arizona State Retirement System boosted its holdings in Capri by 1.8% in the 4th quarter. Arizona State Retirement System now owns 34,185 shares of the company's stock worth $720,000 after buying an additional 596 shares during the period. Exchange Traded Concepts LLC raised its holdings in Capri by 3.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 21,767 shares of the company's stock valued at $458,000 after acquiring an additional 643 shares during the period. KBC Group NV lifted its position in shares of Capri by 26.9% during the third quarter. KBC Group NV now owns 3,074 shares of the company's stock worth $130,000 after acquiring an additional 652 shares in the last quarter. Finally, Sunbelt Securities Inc. bought a new position in shares of Capri in the third quarter worth $42,000. 84.34% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Jefferies Financial Group lifted their target price on Capri from $20.00 to $23.00 and gave the company a "hold" rating in a report on Tuesday, January 28th. Wells Fargo & Company boosted their price target on shares of Capri from $28.00 to $30.00 and gave the company an "overweight" rating in a research report on Monday, January 27th. Guggenheim reissued a "buy" rating and set a $30.00 price objective on shares of Capri in a research note on Wednesday, February 12th. Citigroup upgraded Capri from a "neutral" rating to a "buy" rating and upped their target price for the stock from $21.00 to $29.00 in a research note on Friday, January 10th. Finally, StockNews.com upgraded shares of Capri from a "sell" rating to a "hold" rating in a research report on Friday, February 7th. Nine investment 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 has a consensus rating of "Hold" and an average price target of $25.92.

Capri Stock Up 1.7 %

Shares of NYSE CPRI traded up $0.34 on Wednesday, reaching $20.85. 2,248,001 shares of the company's stock traded hands, compared to its average volume of 2,699,796. 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 business's 50 day simple moving average is $22.56 and its two-hundred day simple moving average is $26.90. Capri Holdings Limited has a 12 month low of $18.53 and a 12 month high of $46.15. The company has a market cap of $2.46 billion, a price-to-earnings ratio of -2.44, a price-to-earnings-growth ratio of 7.80 and a beta of 2.10.

Capri (NYSE:CPRI - Get Free Report) last posted its quarterly earnings results 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 positive return on equity of 12.89% and a negative net margin of 21.79%. During the same period in the previous year, the business posted $1.20 earnings per share. As a group, equities research analysts forecast that Capri Holdings Limited will post 0.98 EPS for the current fiscal year.

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.