Highbridge Capital Management LLC Has $5.27 Million Stake in Capri Holdings Limited (NYSE:CPRI)

Highbridge Capital Management LLC reduced its position in shares of Capri Holdings Limited (NYSE:CPRI) by 28.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 250,000 shares of the company’s stock after selling 100,000 shares during the period. Highbridge Capital Management LLC owned about 0.21% of Capri worth $5,265,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Sunbelt Securities Inc. acquired a new stake in Capri in the 3rd quarter valued at $42,000. Twin Tree Management LP acquired a new stake in shares of Capri in the fourth quarter valued at about $45,000. Quarry LP bought a new stake in Capri during the third quarter worth about $53,000. KBC Group NV boosted its position in Capri by 63.9% during the fourth quarter. KBC Group NV now owns 5,039 shares of the company’s stock valued at $106,000 after purchasing an additional 1,965 shares during the last quarter. Finally, LexAurum Advisors LLC bought a new position in Capri in the fourth quarter valued at approximately $211,000. 84.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on CPRI. Wells Fargo & Company increased their price objective on Capri from $28.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, January 27th. Barclays dropped their price target on shares of Capri from $21.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Citigroup raised shares of Capri from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $21.00 to $29.00 in a research report on Friday, January 10th. BMO Capital Markets raised shares of Capri from a “market perform” rating to an “outperform” rating and upped their target price for the company from $25.00 to $31.00 in a report on Monday, January 6th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $23.00 price target on shares of Capri in a report on Thursday, February 20th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Capri currently has an average rating of “Hold” and an average price target of $25.92.

Capri Trading Down 0.5 %

Shares of CPRI stock opened at $20.58 on Friday. Capri Holdings Limited has a 12-month low of $18.53 and a 12-month high of $46.09. The firm has a 50 day moving average price of $22.24 and a two-hundred day moving average price of $26.30. The company has a quick ratio of 0.59, a current ratio of 1.21 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $2.43 billion, a PE ratio of -2.41, a price-to-earnings-growth ratio of 7.80 and a beta of 2.10.

Capri (NYSE:CPRI) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.27). Capri had a positive return on equity of 12.89% and a negative net margin of 21.79%. During the same period last year, the firm earned $1.20 EPS. As a group, analysts predict that Capri Holdings Limited will post 0.98 earnings per share for the current year.

About Capri

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.