Graham Capital Management L.P. Takes Position in Capri Holdings Limited (NYSE:CPRI)

Graham Capital Management L.P. acquired a new position in Capri Holdings Limited (NYSE:CPRI) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 152,800 shares of the company’s stock, valued at approximately $3,218,000.

Other large investors have also recently bought and sold shares of the company. Twin Tree Management LP bought a new stake in shares of Capri during the fourth quarter worth $45,000. Aster Capital Management DIFC Ltd acquired a new stake in Capri in the fourth quarter worth about $74,000. KBC Group NV increased its position in Capri by 63.9% in the fourth quarter. KBC Group NV now owns 5,039 shares of the company’s stock worth $106,000 after purchasing an additional 1,965 shares during the period. Sterling Capital Management LLC raised its holdings in Capri by 58.9% during the 4th quarter. Sterling Capital Management LLC now owns 6,872 shares of the company’s stock worth $145,000 after purchasing an additional 2,546 shares during the last quarter. Finally, Triumph Capital Management acquired a new position in Capri during the 4th quarter valued at about $209,000. Institutional investors and hedge funds own 84.34% of the company’s stock.

Analysts Set New Price Targets

CPRI has been the subject of a number of recent research reports. Telsey Advisory Group dropped their price target on shares of Capri from $23.00 to $17.00 and set a “market perform” rating for the company in a research note on Friday, April 11th. Robert W. Baird decreased their price target on shares of Capri from $26.00 to $18.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Wells Fargo & Company lowered their target price on Capri from $30.00 to $25.00 and set an “overweight” rating for the company in a research note on Friday, April 11th. Guggenheim reissued a “buy” rating and issued a $30.00 price target on shares of Capri in a research note on Wednesday, February 12th. Finally, StockNews.com upgraded shares of Capri from a “sell” rating to a “hold” rating in a research note on Friday, February 7th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Capri presently has a consensus rating of “Hold” and a consensus target price of $24.08.

Capri Price Performance

Shares of NYSE:CPRI opened at $16.89 on Friday. Capri Holdings Limited has a 12 month low of $11.86 and a 12 month high of $43.34. The firm has a 50 day moving average of $17.17 and a 200-day moving average of $20.47. The company has a current ratio of 1.21, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36. The stock has a market capitalization of $1.99 billion, a PE ratio of -1.98, a PEG ratio of 7.80 and a beta of 1.64.

Capri (NYSE:CPRI) last announced its quarterly earnings results 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 quarter in the prior year, the business earned $1.20 EPS. On average, equities research analysts predict that Capri Holdings Limited will post 0.98 EPS for the current fiscal 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.