One68 Global Capital LLC Makes New $270,000 Investment in Capri Holdings Limited (NYSE:CPRI)

One68 Global Capital LLC purchased a new position in Capri Holdings Limited (NYSE:CPRI) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 12,801 shares of the company’s stock, valued at approximately $270,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CPRI. Vanguard Group Inc. increased its stake in Capri by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 11,377,630 shares of the company’s stock worth $239,613,000 after purchasing an additional 151,866 shares in the last quarter. FMR LLC increased its stake in Capri by 249.4% in the 4th quarter. FMR LLC now owns 9,987,603 shares of the company’s stock worth $210,339,000 after purchasing an additional 7,129,123 shares in the last quarter. Primecap Management Co. CA increased its stake in Capri by 13.2% in the 4th quarter. Primecap Management Co. CA now owns 4,688,333 shares of the company’s stock worth $98,736,000 after purchasing an additional 547,578 shares in the last quarter. Pacer Advisors Inc. increased its stake in Capri by 22,554.7% in the 4th quarter. Pacer Advisors Inc. now owns 3,902,960 shares of the company’s stock worth $82,196,000 after purchasing an additional 3,885,732 shares in the last quarter. Finally, Norges Bank purchased a new position in Capri in the 4th quarter worth about $58,070,000. 84.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CPRI has been the topic of several research analyst reports. StockNews.com raised Capri from a “sell” rating to a “hold” rating in a research note on Friday, February 7th. 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 note on Monday, January 6th. Telsey Advisory Group lowered their target price on Capri from $23.00 to $17.00 and set a “market perform” rating on the stock in a research note on Friday, April 11th. Citigroup raised Capri from a “neutral” rating to a “buy” rating and boosted their price target for the company from $21.00 to $29.00 in a research note on Friday, January 10th. Finally, Jefferies Financial Group boosted their price target on Capri from $20.00 to $23.00 and gave the company a “hold” rating in a research note on Tuesday, January 28th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Capri presently has a consensus rating of “Hold” and a consensus target price of $24.08.

Capri Stock Performance

Shares of CPRI opened at $15.02 on Wednesday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.21 and a quick ratio of 0.59. The stock has a 50-day moving average of $18.25 and a 200-day moving average of $22.00. The company has a market cap of $1.77 billion, a PE ratio of -1.76, a P/E/G ratio of 7.80 and a beta of 1.77. Capri Holdings Limited has a one year low of $11.86 and a one year high of $43.34.

Capri (NYSE:CPRI) last issued its 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 negative net margin of 21.79% and a positive return on equity of 12.89%. During the same period last year, the company earned $1.20 earnings per share. On average, equities research analysts predict 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.