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

Proficio Capital Partners LLC purchased a new position in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 16,343 shares of the company's stock, valued at approximately $344,000.

Several other institutional investors have also modified their holdings of CPRI. Pacer Advisors Inc. raised its holdings in Capri by 22,554.7% in the 4th quarter. Pacer Advisors Inc. now owns 3,902,960 shares of the company's stock valued at $82,196,000 after buying an additional 3,885,732 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new stake in Capri in the 4th quarter valued at about $48,953,000. FMR LLC grew its position in Capri by 389.2% in the 3rd quarter. FMR LLC now owns 2,858,480 shares of the company's stock valued at $121,314,000 after acquiring an additional 2,274,149 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new position in Capri in the 3rd quarter valued at about $25,888,000. Finally, Primecap Management Co. CA grew its position in Capri by 14.2% in the 3rd quarter. Primecap Management Co. CA now owns 4,140,755 shares of the company's stock valued at $175,734,000 after acquiring an additional 515,963 shares in the last quarter. Hedge funds and other institutional investors own 84.34% of the company's stock.

Capri Stock Performance

NYSE CPRI traded up $0.37 on Friday, reaching $21.49. The stock had a trading volume of 4,718,835 shares, compared to its average volume of 2,683,960. Capri Holdings Limited has a 12-month low of $18.53 and a 12-month high of $46.95. 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 business's 50-day moving average price is $22.56 and its 200 day moving average price is $27.32. The stock has a market cap of $2.53 billion, a P/E ratio of -2.51, a price-to-earnings-growth ratio of 7.80 and a beta of 2.10.

Remove Ads

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 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 firm posted $1.20 EPS. 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

Several equities analysts have weighed in on the company. Guggenheim reaffirmed a "buy" rating and issued a $30.00 target price on shares of Capri in a research report on Wednesday, February 12th. JPMorgan Chase & Co. lifted their target price on Capri from $15.00 to $19.00 and gave the company a "neutral" rating in a research report on Monday, December 16th. BMO Capital Markets raised Capri from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $25.00 to $31.00 in a research report on Monday, January 6th. Wells Fargo & Company lifted their target price on Capri from $28.00 to $30.00 and gave the company an "overweight" rating in a research report on Monday, January 27th. Finally, Citigroup raised Capri from a "neutral" rating to a "buy" rating and lifted their target price for the company from $21.00 to $29.00 in a research report on Friday, January 10th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Capri has an average rating of "Hold" and a consensus price target 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.