Quantbot Technologies LP Makes New $2.32 Million Investment in Capri Holdings Limited (NYSE:CPRI)

Quantbot Technologies LP purchased a new position in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 109,990 shares of the company's stock, valued at approximately $2,316,000. Quantbot Technologies LP owned approximately 0.09% of Capri at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. Sunbelt Securities Inc. purchased a new position in Capri in the 3rd quarter worth $42,000. Quarry LP acquired a new position in shares of Capri in the third quarter valued at about $53,000. Twin Tree Management LP acquired a new position in shares of Capri in the fourth quarter valued at about $45,000. 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 worth $171,000 after purchasing an additional 533 shares during the last quarter. Finally, KBC Group NV lifted its holdings in shares of Capri by 63.9% during the fourth 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 period. Institutional investors and hedge funds own 84.34% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on CPRI shares. Citigroup upgraded shares of Capri from a "neutral" rating to a "buy" rating and increased their price target for the stock from $21.00 to $29.00 in a report on Friday, January 10th. Telsey Advisory Group reiterated a "market perform" rating and issued a $23.00 price objective on shares of Capri in a research note on Thursday, February 20th. StockNews.com upgraded shares of Capri from a "sell" rating to a "hold" rating in a research report on Friday, February 7th. Barclays cut their price target on Capri from $21.00 to $19.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 6th. Finally, JPMorgan Chase & Co. boosted their price objective on Capri from $15.00 to $19.00 and gave the company a "neutral" rating in a report on Monday, December 16th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $25.92.

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Capri Price Performance

Shares of CPRI traded down $0.17 during mid-day trading on Tuesday, hitting $21.10. 1,319,595 shares of the company were exchanged, compared to its average volume of 2,761,561. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.59 and a current ratio of 1.21. Capri Holdings Limited has a 1-year low of $18.53 and a 1-year high of $46.09. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of -2.47, a price-to-earnings-growth ratio of 7.80 and a beta of 2.10. The company has a 50 day moving average of $22.40 and a 200-day moving average of $26.47.

Capri (NYSE:CPRI - Get Free Report) last announced its 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 negative net margin of 21.79% and a positive return on equity of 12.89%. During the same period last year, the firm posted $1.20 EPS. Analysts expect that Capri Holdings Limited will post 0.98 EPS for the current fiscal year.

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.