SG Americas Securities LLC Grows Position in Capri Holdings Limited $CPRI

SG Americas Securities LLC grew its holdings in Capri Holdings Limited (NYSE:CPRIFree Report) by 14.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 369,719 shares of the company’s stock after buying an additional 46,446 shares during the period. SG Americas Securities LLC’s holdings in Capri were worth $6,514,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Quantbot Technologies LP purchased a new position in shares of Capri during the 2nd quarter worth $39,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Capri in the third quarter valued at about $39,000. Caitong International Asset Management Co. Ltd increased its position in Capri by 273.9% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,236 shares of the company’s stock worth $55,000 after purchasing an additional 1,638 shares during the last quarter. MidFirst Bank acquired a new stake in Capri during the fourth quarter worth about $77,000. Finally, Hantz Financial Services Inc. raised its stake in Capri by 57.9% during the fourth quarter. Hantz Financial Services Inc. now owns 4,266 shares of the company’s stock worth $104,000 after purchasing an additional 1,565 shares during the period. 84.34% of the stock is owned by hedge funds and other institutional investors.

Capri Stock Down 0.2%

Shares of NYSE CPRI opened at $19.34 on Monday. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 4.08. The business’s 50 day moving average is $19.23 and its two-hundred day moving average is $20.85. Capri Holdings Limited has a 52-week low of $16.72 and a 52-week high of $28.26. The firm has a market cap of $2.22 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 0.35 and a beta of 1.40.

Capri (NYSE:CPRIGet Free Report) last released its quarterly earnings results on Thursday, May 28th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.11 by $0.11. Capri had a return on equity of 664.22% and a net margin of 3.94%.The business had revenue of $796.00 million during the quarter, compared to analyst estimates of $800.04 million. During the same period last year, the business posted ($4.90) earnings per share. The company’s quarterly revenue was down 23.1% on a year-over-year basis. Research analysts predict that Capri Holdings Limited will post 2.07 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. JPMorgan Chase & Co. decreased their target price on shares of Capri from $31.00 to $29.00 and set an “overweight” rating on the stock in a report on Thursday, May 28th. BTIG Research reaffirmed a “buy” rating and set a $30.00 price target on shares of Capri in a research report on Thursday, May 28th. Wells Fargo & Company decreased their price objective on Capri from $21.00 to $20.00 and set an “equal weight” rating on the stock in a report on Thursday, May 28th. Barclays lowered their price objective on Capri from $32.00 to $24.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Finally, Weiss Ratings raised Capri from a “sell (e+)” rating to a “sell (d)” rating in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $24.79.

Read Our Latest Report on Capri

Insider Transactions at Capri

In related news, Director Stephen F. Reitman sold 17,981 shares of the firm’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $19.42, for a total transaction of $349,191.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.60% of the company’s stock.

Capri Company Profile

(Free Report)

Capri Holdings Limited (NYSE: CPRI) is a global luxury fashion company that designs, markets and distributes a range of premium lifestyle products. The company’s principal brands—Michael Kors, Versace and Jimmy Choo—offer handbags, ready-to-wear apparel, footwear, watches, jewelry, fragrance and other accessories. Capri Holdings combines in-house design talent with international sourcing, manufacturing and retail operations to deliver collections that reflect each brand’s distinct heritage and aesthetic vision.

Formed in 2018 through the rebranding of Michael Kors Holdings following the acquisition of Versace, Capri has since integrated Jimmy Choo into its portfolio.

Further Reading

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Institutional Ownership by Quarter for Capri (NYSE:CPRI)

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