World Asset Management Inc grew its position in shares of Capri Holdings Ltd (NYSE:CPRI) by 3.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,567 shares of the company’s stock after acquiring an additional 406 shares during the quarter. World Asset Management Inc’s holdings in Capri were worth $436,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in CPRI. BlackRock Inc. bought a new stake in shares of Capri during the 1st quarter worth approximately $468,066,000. AQR Capital Management LLC bought a new stake in shares of Capri during the 1st quarter worth approximately $405,282,000. FMR LLC bought a new stake in shares of Capri during the 1st quarter worth approximately $312,693,000. Geode Capital Management LLC bought a new stake in shares of Capri during the 4th quarter worth approximately $89,438,000. Finally, Northern Trust Corp bought a new stake in shares of Capri during the 1st quarter worth approximately $94,128,000. 86.48% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have recently issued reports on CPRI. Needham & Company LLC set a $54.00 price objective on Capri and gave the stock a “buy” rating in a research note on Wednesday, June 5th. ValuEngine cut Capri from a “sell” rating to a “strong sell” rating in a research note on Wednesday, April 24th. Wells Fargo & Co dropped their price target on Capri from $48.00 to $40.00 and set a “market perform” rating on the stock in a research note on Thursday, May 30th. Credit Suisse Group dropped their price target on Capri from $52.00 to $40.00 and set a “neutral” rating on the stock in a research note on Thursday, May 30th. They noted that the move was a valuation call. Finally, Canaccord Genuity restated a “buy” rating and issued a $67.00 price target (down previously 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 investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company’s stock. Capri currently has a consensus rating of “Hold” and an average price target of $52.00.
In related news, CEO John D. Idol bought 615,000 shares of Capri stock in a transaction dated Monday, June 3rd. The shares were bought at an average cost of $32.57 per share, with a total value of $20,030,550.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Thomas Jr. Edwards bought 11,600 shares of Capri stock in a transaction dated Tuesday, June 4th. The shares were bought at an average cost of $34.41 per share, for a total transaction of $399,156.00. The disclosure for this purchase can be found here. 5.30% of the stock is owned by company insiders.
CPRI stock traded down $1.53 during trading hours on Monday, hitting $31.66. 139,241 shares of the stock were exchanged, compared to its average volume of 2,276,502. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.12 and a quick ratio of 0.50. The firm has a market cap of $5.01 billion, a price-to-earnings ratio of 6.30, a P/E/G ratio of 1.02 and a beta of 0.73. The firm has a 50-day moving average price of $35.12. Capri Holdings Ltd has a 12 month low of $32.08 and a 12 month high of $75.96.
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 the consensus estimate 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 return on equity of 33.75% and a net margin of 10.36%. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the business earned $0.63 EPS. Equities research analysts anticipate that Capri Holdings Ltd will post 4.95 EPS for the current year.
Capri Company 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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