Virtu Financial LLC Acquires New Position in Capri Holdings Limited (NYSE:CPRI)

Virtu Financial LLC bought a new stake in Capri Holdings Limited (NYSE:CPRI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 28,778 shares of the company's stock, valued at approximately $606,000.

Several other hedge funds have also made changes to their positions in CPRI. Quantbot Technologies LP acquired a new stake in shares of Capri in the 4th quarter worth $2,316,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Capri by 37.4% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 276,037 shares of the company's stock valued at $5,813,000 after purchasing an additional 75,072 shares in the last quarter. Xponance Inc. increased its position in Capri by 5.7% during the 4th quarter. Xponance Inc. now owns 14,056 shares of the company's stock worth $296,000 after purchasing an additional 757 shares during the period. Primecap Management Co. CA raised its stake in shares of Capri by 13.2% during the 4th quarter. Primecap Management Co. CA now owns 4,688,333 shares of the company's stock worth $98,736,000 after buying an additional 547,578 shares in the last quarter. Finally, Twin Tree Management LP acquired a new stake in shares of Capri in the 4th quarter valued at approximately $45,000. Institutional investors and hedge funds own 84.34% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Citigroup raised Capri from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $21.00 to $29.00 in a report on Friday, January 10th. Barclays cut their target price on shares of Capri from $21.00 to $19.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. Bank of America started coverage on Capri in a research report on Monday, February 10th. They set a "neutral" rating and a $23.00 target price on the stock. JPMorgan Chase & Co. increased their price objective on shares of Capri from $15.00 to $19.00 and gave the stock a "neutral" rating in a report on Monday, December 16th. Finally, Guggenheim reissued a "buy" rating and issued a $30.00 target price on shares of Capri in a research report on Wednesday, February 12th. 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 data from MarketBeat, Capri has an average rating of "Hold" and a consensus price target of $25.92.

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Capri Stock Down 1.4 %

NYSE CPRI traded down $0.29 on Friday, reaching $20.30. The company had a trading volume of 1,976,672 shares, compared to its average volume of 2,832,259. The firm has a market capitalization of $2.39 billion, a PE ratio of -2.37, a P/E/G ratio of 7.80 and a beta of 2.10. The firm has a 50-day moving average of $22.17 and a 200-day moving average of $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 debt-to-equity ratio of 1.36, a current ratio of 1.21 and a quick ratio of 0.59.

Capri (NYSE:CPRI - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate 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. On average, equities research analysts anticipate 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.