Moody Aldrich Partners LLC Invests $1.72 Million in Capri Holdings Ltd (NYSE:CPRI)

Moody Aldrich Partners LLC purchased a new position in Capri Holdings Ltd (NYSE:CPRI) in the second quarter, HoldingsChannel reports. The firm purchased 109,713 shares of the company’s stock, valued at approximately $1,715,000.

Several other large investors also recently modified their holdings of CPRI. ARGA Investment Management LP lifted its stake in shares of Capri by 54.3% in the 1st quarter. ARGA Investment Management LP now owns 5,232,233 shares of the company’s stock worth $56,456,000 after acquiring an additional 1,840,818 shares during the period. Norges Bank acquired a new stake in shares of Capri in the 4th quarter worth approximately $51,707,000. APG Asset Management N.V. lifted its stake in shares of Capri by 766.0% in the 1st quarter. APG Asset Management N.V. now owns 1,213,044 shares of the company’s stock worth $49,425,000 after acquiring an additional 1,072,965 shares during the period. First Trust Advisors LP lifted its stake in Capri by 1,176.5% during the second quarter. First Trust Advisors LP now owns 798,464 shares of the company’s stock valued at $12,480,000 after purchasing an additional 735,911 shares during the last quarter. Finally, Clearbridge Investments LLC lifted its stake in Capri by 57.5% during the first quarter. Clearbridge Investments LLC now owns 1,853,370 shares of the company’s stock valued at $19,998,000 after purchasing an additional 676,273 shares during the last quarter. 91.79% of the stock is owned by institutional investors.

Several research firms recently commented on CPRI. Credit Suisse Group increased their target price on shares of Capri from $13.00 to $15.00 and gave the company a “neutral” rating in a research note on Thursday, July 2nd. Needham & Company LLC began coverage on shares of Capri in a research note on Monday, June 29th. They set a “hold” rating for the company. MKM Partners cut their target price on shares of Capri from $35.00 to $15.00 in a research note on Monday, June 29th. Deutsche Bank increased their target price on shares of Capri from $21.00 to $25.00 and gave the company a “hold” rating in a research note on Thursday, July 2nd. Finally, Citigroup cut their target price on shares of Capri from $26.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, April 30th. Thirteen analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $31.00.

Shares of NYSE:CPRI traded down $0.31 on Friday, reaching $14.98. The company had a trading volume of 2,746,182 shares, compared to its average volume of 3,584,225. Capri Holdings Ltd has a twelve month low of $5.42 and a twelve month high of $39.90. The stock has a 50-day moving average price of $15.84 and a 200 day moving average price of $14.20. The stock has a market capitalization of $2.25 billion, a P/E ratio of -9.73, a P/E/G ratio of 3.76 and a beta of 1.87. The company has a quick ratio of 0.76, a current ratio of 1.35 and a debt-to-equity ratio of 1.74.

Capri (NYSE:CPRI) last announced its quarterly earnings results on Wednesday, July 1st. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.21). Capri had a positive return on equity of 24.85% and a negative net margin of 4.02%. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.13 billion. During the same period in the prior year, the firm earned $0.63 EPS. Capri’s quarterly revenue was down 11.3% on a year-over-year basis. On average, sell-side analysts predict that Capri Holdings Ltd will post 0.83 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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