Monaco Asset Management SAM Boosts Stake in Capri Holdings Limited (NYSE:CPRI)

Monaco Asset Management SAM boosted its position in Capri Holdings Limited (NYSE:CPRI) by 850.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 200,000 shares of the company’s stock after purchasing an additional 178,966 shares during the period. Capri makes up approximately 0.6% of Monaco Asset Management SAM’s investment portfolio, making the stock its 16th biggest holding. Monaco Asset Management SAM owned approximately 0.17% of Capri worth $4,212,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of CPRI. Commonwealth Equity Services LLC boosted its holdings in Capri by 192.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 14,292 shares of the company’s stock valued at $301,000 after acquiring an additional 9,399 shares during the period. Swiss National Bank increased its stake in Capri by 1.7% in the fourth quarter. Swiss National Bank now owns 231,600 shares of the company’s stock worth $4,877,000 after purchasing an additional 3,800 shares during the period. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of Capri during the fourth quarter valued at $680,000. Machina Capital S.A.S. bought a new position in shares of Capri in the fourth quarter worth about $1,855,000. Finally, Raymond James Financial Inc. bought a new position in shares of Capri in the fourth quarter worth about $2,167,000. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CPRI. Citigroup raised shares of Capri from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $21.00 to $29.00 in a research report on Friday, January 10th. Barclays dropped their price objective on shares of Capri from $21.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Telsey Advisory Group reiterated a “market perform” rating and issued a $23.00 target price on shares of Capri in a report on Thursday, February 20th. TD Cowen decreased their price objective on Capri from $57.00 to $22.00 and set a “hold” rating for the company in a report on Friday, November 15th. Finally, Jefferies Financial Group raised their price objective on Capri from $20.00 to $23.00 and gave the stock a “hold” rating in a research report on Tuesday, January 28th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $25.92.

Capri Price Performance

NYSE:CPRI opened at $21.17 on Friday. The stock’s fifty day moving average is $22.55 and its two-hundred day moving average is $27.37. 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 $2.50 billion, a P/E ratio of -2.48, a P/E/G ratio of 7.80 and a beta of 2.10. Capri Holdings Limited has a 52 week low of $18.52 and a 52 week high of $46.95.

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