Proficio Capital Partners LLC Makes New $344,000 Investment in Capri Holdings Limited (NYSE:CPRI)

Proficio Capital Partners LLC purchased a new stake in Capri Holdings Limited (NYSE:CPRI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 16,343 shares of the company's stock, valued at approximately $344,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. purchased a new position in shares of Capri in the third quarter valued at approximately $42,000. Quarry LP purchased a new position in Capri in the 3rd quarter valued at $53,000. KBC Group NV boosted its stake in Capri by 63.9% during the 4th quarter. KBC Group NV now owns 5,039 shares of the company's stock worth $106,000 after purchasing an additional 1,965 shares during the last quarter. LexAurum Advisors LLC purchased a new stake in shares of Capri during the fourth quarter worth $211,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Capri in the third quarter valued at about $224,000. 84.34% of the stock is currently owned by institutional investors and hedge funds.

Capri Trading Down 1.4 %

CPRI traded down $0.29 on Friday, hitting $20.30. The company had a trading volume of 1,976,672 shares, compared to its average volume of 2,832,259. The company's fifty day moving average price is $22.17 and its 200 day moving average price is $26.10. Capri Holdings Limited has a 1 year low of $18.53 and a 1 year high of $45.77. The company has a current ratio of 1.21, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36. The firm has a market cap of $2.39 billion, a P/E ratio of -2.37, a PEG 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 earnings per share (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 quarter in the previous year, the company earned $1.20 earnings per share. As a group, equities analysts expect that Capri Holdings Limited will post 0.98 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CPRI shares. Guggenheim reaffirmed a "buy" rating and set a $30.00 price objective on shares of Capri in a research note on Wednesday, February 12th. Barclays dropped their price target on Capri from $21.00 to $19.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. BMO Capital Markets raised Capri from a "market perform" rating to an "outperform" rating and increased their price target for the company from $25.00 to $31.00 in a report on Monday, January 6th. StockNews.com raised Capri from a "sell" rating to a "hold" rating in a research note on Friday, February 7th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $23.00 target price on shares of Capri in a research note on Thursday, February 20th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $25.92.

Capri 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.