CSat Investment Advisory L.P. Purchases Shares of 996 Capri Holdings Ltd (NYSE:CPRI)

CSat Investment Advisory L.P. acquired a new position in Capri Holdings Ltd (NYSE:CPRI) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 996 shares of the company’s stock, valued at approximately $46,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Signaturefd LLC purchased a new stake in shares of Capri in the first quarter valued at approximately $40,000. CenterStar Asset Management LLC purchased a new stake in shares of Capri in the first quarter valued at approximately $49,000. Quadrant Capital Group LLC purchased a new stake in shares of Capri in the first quarter valued at approximately $54,000. Asset Dedication LLC purchased a new stake in shares of Capri in the first quarter valued at approximately $55,000. Finally, Focused Wealth Management Inc purchased a new stake in shares of Capri in the first quarter valued at approximately $55,000. 86.65% of the stock is owned by institutional investors.

A number of equities research analysts have recently issued reports on CPRI shares. Needham & Company LLC set a $54.00 price target on Capri and gave the company a “buy” rating in a research report on Wednesday, June 5th. Nomura decreased their price objective on 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 upgraded Capri from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a report on Wednesday, May 8th. UBS Group decreased their price objective on Capri from $75.00 to $73.00 and set a “buy” rating on the stock in a report on Tuesday, April 30th. Finally, Canaccord Genuity restated a “buy” rating and set a $67.00 price target (down from $76.00) on shares of Capri in a research note on Thursday, May 30th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $52.00.

In other Capri news, CFO Thomas Jr. Edwards bought 11,600 shares of the company’s stock in a transaction that occurred on Tuesday, June 4th. The shares were purchased at an average price of $34.41 per share, with a total value of $399,156.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John D. Idol bought 615,000 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was acquired at an average cost of $32.57 per share, for a total transaction of $20,030,550.00. The disclosure for this purchase can be found here. Corporate insiders own 5.30% of the company’s stock.

Shares of Capri stock traded up $0.68 during trading hours on Friday, reaching $34.68. 2,410,134 shares of the company were exchanged, compared to its average volume of 3,068,539. Capri Holdings Ltd has a 1 year low of $32.08 and a 1 year high of $75.96. The firm has a fifty day moving average of $36.43. The company has a current ratio of 1.12, a quick ratio of 0.50 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $5.13 billion, a price-to-earnings ratio of 6.98, a PEG ratio of 1.05 and a beta of 0.70.

Capri (NYSE:CPRI) last posted its quarterly earnings data on Wednesday, May 29th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. The business had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.33 billion. Capri had a return on equity of 33.75% and a net margin of 10.36%. The company’s revenue was up 13.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.63 earnings per share. As a group, sell-side analysts forecast that Capri Holdings Ltd will post 4.95 earnings per share for the current 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.

Further Reading: What Factors Can Affect Return on Equity?

Institutional Ownership by Quarter for Capri (NYSE:CPRI)

Receive News & Ratings for Capri Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capri and related companies with MarketBeat.com's FREE daily email newsletter.