Olympiad Research LP Acquires 13,482 Shares of Capri Holdings Limited (NYSE:CPRI)

Olympiad Research LP boosted its holdings in Capri Holdings Limited (NYSE:CPRI) by 47.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 41,864 shares of the company’s stock after buying an additional 13,482 shares during the period. Capri makes up about 1.2% of Olympiad Research LP’s investment portfolio, making the stock its 18th largest position. Olympiad Research LP’s holdings in Capri were worth $1,777,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Riverwater Partners LLC acquired a new stake in shares of Capri during the 3rd quarter worth approximately $1,030,000. Aristides Capital LLC acquired a new stake in shares of Capri during the 2nd quarter worth approximately $1,865,000. State Board of Administration of Florida Retirement System grew its holdings in shares of Capri by 17.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 155,580 shares of the company’s stock worth $7,312,000 after purchasing an additional 23,294 shares in the last quarter. Fortis Group Advisors LLC acquired a new stake in shares of Capri during the 3rd quarter worth approximately $2,149,000. Finally, Gabelli Funds LLC grew its holdings in shares of Capri by 7.1% during the 1st quarter. Gabelli Funds LLC now owns 504,599 shares of the company’s stock worth $22,858,000 after purchasing an additional 33,550 shares in the last quarter. 84.34% of the stock is owned by institutional investors.

Capri Price Performance

Capri stock opened at $21.99 on Thursday. The business’s fifty day moving average is $36.42 and its two-hundred day moving average is $34.83. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.41 and a current ratio of 0.95. The firm has a market cap of $2.59 billion, a P/E ratio of -8.83, a P/E/G ratio of 3.44 and a beta of 2.05. Capri Holdings Limited has a 52 week low of $18.75 and a 52 week high of $51.23.

Capri (NYSE:CPRI) last announced its earnings results on Thursday, August 8th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.55). The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.16 billion. Capri had a positive return on equity of 18.72% and a negative net margin of 5.81%. Capri’s revenue for the quarter was down 13.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.74 EPS. Equities research analysts forecast that Capri Holdings Limited will post 2.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on CPRI shares. UBS Group decreased their price objective on Capri from $42.00 to $39.00 and set a “neutral” rating on the stock in a report on Wednesday, September 11th. Citigroup lowered Capri from a “buy” rating to a “neutral” rating and set a $41.00 price objective on the stock. in a report on Friday, September 13th. Wells Fargo & Company decreased their price target on Capri from $42.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday, October 25th. StockNews.com lowered Capri from a “hold” rating to a “sell” rating in a research note on Tuesday, August 27th. Finally, JPMorgan Chase & Co. decreased their price target on Capri from $57.00 to $22.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $31.50.

Capri Company Profile

Capri Holdings Limited designs, markets, distributes, and retails branded women's and men's apparel, footwear, and accessories in the United States, Canada, Latin America, Europe, the Middle East, Africa, and Asia. It operates through three segments: Versace, Jimmy Choo, and Michael Kors. The company offers ready-to-wear, accessories, footwear, handbags, scarves and belts, small leather goods, eyewear, watches, jewelry, fragrances, and home furnishings through a distribution network, including boutiques, department, and specialty stores, as well as through e-commerce sites.