Riverwater Partners LLC Makes New Investment in Capri Holdings Limited (NYSE:CPRI)

Riverwater Partners LLC bought a new position in Capri Holdings Limited (NYSE:CPRI - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 24,431 shares of the company's stock, valued at approximately $1,030,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Quent Capital LLC increased its holdings in Capri by 171.8% during the 1st quarter. Quent Capital LLC now owns 1,120 shares of the company's stock worth $51,000 after acquiring an additional 708 shares during the period. Bessemer Group Inc. increased its position in shares of Capri by 82.4% during the 1st quarter. Bessemer Group Inc. now owns 1,330 shares of the company's stock valued at $60,000 after purchasing an additional 601 shares during the last quarter. CWM LLC raised its holdings in shares of Capri by 35.2% during the 2nd quarter. CWM LLC now owns 2,452 shares of the company's stock valued at $81,000 after buying an additional 638 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Capri by 14.7% during the 2nd quarter. Signaturefd LLC now owns 2,734 shares of the company's stock valued at $90,000 after buying an additional 351 shares in the last quarter. Finally, EMC Capital Management lifted its position in Capri by 32.7% in the 1st quarter. EMC Capital Management now owns 2,421 shares of the company's stock worth $110,000 after buying an additional 596 shares during the last quarter. Hedge funds and other institutional investors own 84.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CPRI shares. UBS Group lowered their price objective on shares of Capri from $42.00 to $39.00 and set a "neutral" rating for the company in a report on Wednesday, September 11th. StockNews.com downgraded Capri from a "hold" rating to a "sell" rating in a research report on Tuesday, August 27th. Wells Fargo & Company cut shares of Capri from an "overweight" rating to an "equal weight" rating and set a $42.00 target price on the stock. in a report on Thursday, October 17th. Finally, Citigroup lowered shares of Capri from a "buy" rating to a "neutral" rating and set a $41.00 price target for the company. in a report on Friday, September 13th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $40.40.

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Capri Trading Down 0.5 %

CPRI stock traded down $0.21 during trading on Thursday, reaching $41.60. The company had a trading volume of 16,975,908 shares, compared to its average volume of 1,398,094. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.95 and a quick ratio of 0.41. Capri Holdings Limited has a 52 week low of $29.28 and a 52 week high of $51.73. The business has a 50 day moving average of $38.96 and a 200 day moving average of $36.10. The company has a market cap of $4.85 billion, a P/E ratio of -21.12, a PEG ratio of 7.08 and a beta of 1.97.

Capri (NYSE:CPRI - Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.55). The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.16 billion. Capri had a positive return on equity of 18.72% and a negative net margin of 5.81%. The firm's revenue was down 13.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.74 EPS. As a group, sell-side analysts forecast that Capri Holdings Limited will post 2.12 earnings per share 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.