50,862 Shares in Capri Holdings Ltd (NYSE:CPRI) Acquired by Cognios Capital LLC

Cognios Capital LLC bought a new position in Capri Holdings Ltd (NYSE:CPRI) in the 1st quarter, according to its most recent disclosure with the SEC. The firm bought 50,862 shares of the company’s stock, valued at approximately $2,326,000.

Other large investors also recently bought and sold shares of the company. Signaturefd LLC bought a new position in shares of Capri in the first quarter worth approximately $40,000. CSat Investment Advisory L.P. purchased a new position in shares of Capri in the first quarter worth $46,000. CenterStar Asset Management LLC purchased a new position in shares of Capri in the first quarter worth $49,000. Quadrant Capital Group LLC purchased a new position in shares of Capri in the first quarter worth $54,000. Finally, Focused Wealth Management Inc purchased a new position in shares of Capri in the first quarter worth $55,000. 86.65% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have weighed in on CPRI shares. Needham & Company LLC set a $54.00 price objective on shares of Capri and gave the company a “buy” rating in a research report on Wednesday, June 5th. Nomura dropped their target price on shares of Capri from $76.00 to $60.00 and set a “buy” rating on the stock in a report on Wednesday, June 5th. Zacks Investment Research raised shares of Capri from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research report on Wednesday, May 8th. UBS Group decreased their price target on shares of Capri from $75.00 to $73.00 and set a “buy” rating for the company in a research report on Tuesday, April 30th. Finally, Canaccord Genuity reissued a “buy” rating and set a $67.00 price target (down from $76.00) on shares of Capri in a research report on Thursday, May 30th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. Capri presently has a consensus rating of “Hold” and an average target price of $52.00.

In related news, CEO John D. Idol purchased 615,000 shares of Capri stock in a transaction dated Monday, June 3rd. The shares were acquired at an average price of $32.57 per share, for a total transaction of $20,030,550.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Thomas Jr. Edwards purchased 11,600 shares of Capri stock in a transaction dated Tuesday, June 4th. The shares were bought at an average price of $34.41 per share, for a total transaction of $399,156.00. The disclosure for this purchase can be found here. Company insiders own 5.30% of the company’s stock.

Shares of NYSE CPRI traded up $0.68 during midday trading on Friday, reaching $34.68. 2,410,134 shares of the stock were exchanged, compared to its average volume of 3,068,539. The firm has a 50-day moving average price of $36.43. Capri Holdings Ltd has a twelve month low of $32.08 and a twelve month high of $75.96. The company has a market capitalization of $5.13 billion, a price-to-earnings ratio of 6.98, a price-to-earnings-growth ratio of 1.05 and a beta of 0.70. The company has a current ratio of 1.12, a quick ratio of 0.50 and a debt-to-equity ratio of 0.80.

Capri (NYSE:CPRI) last released its quarterly earnings results on Wednesday, May 29th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Capri had a net margin of 10.36% and a return on equity of 33.75%. The firm’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.63 EPS. On average, analysts forecast that Capri Holdings Ltd will post 4.95 earnings per share for the current fiscal year.

Capri Profile

Capri Holdings Limited design, markets, distributes, and retails branded women's and men's apparel and accessories. It operates in four segments: MK Retail, MK Wholesale, MK Licensing, and Jimmy Choo. The MK Retail segment sells women's apparel; handbags and small leather goods; men's apparel; footwear; and licensed products comprising watches, jewelry, fragrances, and beauty and eyewear.

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Institutional Ownership by Quarter for Capri (NYSE:CPRI)

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