50,634 Shares in Capri Holdings Limited (NYSE:CPRI) Acquired by Fortis Group Advisors LLC

Fortis Group Advisors LLC purchased a new position in shares of Capri Holdings Limited (NYSE:CPRI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 50,634 shares of the company’s stock, valued at approximately $2,149,000.

Other hedge funds have also made changes to their positions in the company. Quent Capital LLC grew its holdings in Capri by 171.8% in the 1st quarter. Quent Capital LLC now owns 1,120 shares of the company’s stock valued at $51,000 after buying an additional 708 shares during the period. Bessemer Group Inc. boosted its holdings in shares of Capri by 82.4% in the 1st quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock valued at $60,000 after purchasing an additional 601 shares during the last quarter. EMC Capital Management raised its position in shares of Capri by 32.7% in the 1st quarter. EMC Capital Management now owns 2,421 shares of the company’s stock worth $110,000 after buying an additional 596 shares during the period. CWM LLC raised its position in shares of Capri by 35.2% in the 2nd quarter. CWM LLC now owns 2,452 shares of the company’s stock worth $81,000 after buying an additional 638 shares during the period. Finally, Headlands Technologies LLC acquired a new position in Capri in the first quarter valued at $117,000. Institutional investors and hedge funds own 84.34% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CPRI shares. UBS Group reduced their price objective on Capri from $42.00 to $39.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 11th. Citigroup downgraded shares of Capri from a “buy” rating to a “neutral” rating and set a $41.00 target price on the stock. in a research note on Friday, September 13th. StockNews.com downgraded Capri from a “hold” rating to a “sell” rating in a report on Tuesday, August 27th. Finally, Wells Fargo & Company cut Capri from an “overweight” rating to an “equal weight” rating and set a $42.00 price objective on the stock. in a research note on Thursday, October 17th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $40.40.

Capri Stock Down 0.1 %

Shares of Capri stock traded down $0.05 during trading on Tuesday, reaching $41.99. The company had a trading volume of 84,574 shares, compared to its average volume of 1,331,194. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.41 and a current ratio of 0.95. Capri Holdings Limited has a fifty-two week low of $29.28 and a fifty-two week high of $51.73. The firm’s fifty day moving average is $38.28 and its 200-day moving average is $36.04. The company has a market cap of $4.90 billion, a price-to-earnings ratio of -21.36, a price-to-earnings-growth ratio of 7.08 and a beta of 1.97.

Capri (NYSE:CPRI) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.55). The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.16 billion. Capri had a negative net margin of 5.81% and a positive return on equity of 18.72%. Capri’s revenue was down 13.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.74 earnings per share. On average, analysts anticipate that Capri Holdings Limited will post 2.12 EPS for the current year.

Capri 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.