Allianz Asset Management GmbH Buys 404,212 Shares of Capri Holdings Limited $CPRI

Allianz Asset Management GmbH raised its stake in shares of Capri Holdings Limited (NYSE:CPRI) by 53.5% during the 2nd quarter, Holdings Channel.com reports. The fund owned 1,160,047 shares of the company’s stock after acquiring an additional 404,212 shares during the period. Allianz Asset Management GmbH’s holdings in Capri were worth $20,533,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of CPRI. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Capri during the 1st quarter worth $30,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Capri during the 1st quarter worth $826,000. Cambridge Investment Research Advisors Inc. raised its stake in shares of Capri by 14.1% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 18,420 shares of the company’s stock worth $363,000 after purchasing an additional 2,271 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Capri by 6.6% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,070,258 shares of the company’s stock worth $21,116,000 after purchasing an additional 66,173 shares during the period. Finally, Entropy Technologies LP bought a new stake in shares of Capri during the 1st quarter worth $247,000. 84.34% of the stock is currently owned by institutional investors.

Capri Trading Up 2.6%

Shares of Capri stock opened at $21.25 on Monday. Capri Holdings Limited has a 52-week low of $11.86 and a 52-week high of $42.91. The stock’s 50-day simple moving average is $20.78 and its 200 day simple moving average is $18.43. The stock has a market capitalization of $2.53 billion, a P/E ratio of -2.26, a P/E/G ratio of 0.45 and a beta of 1.82. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.61 and a current ratio of 1.17.

Capri (NYSE:CPRI) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.37. The business had revenue of $797.00 million for the quarter, compared to analysts’ expectations of $773.18 million. Capri had a negative return on equity of 53.50% and a negative net margin of 26.73%.The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.04 EPS. As a group, research analysts anticipate that Capri Holdings Limited will post 0.98 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. upgraded Capri from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $21.00 to $30.00 in a research note on Wednesday, August 13th. Zacks Research upgraded Capri from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 26th. Telsey Advisory Group reiterated a “market perform” rating and set a $22.00 target price (up from $20.00) on shares of Capri in a research note on Wednesday, August 6th. UBS Group boosted their price objective on Capri from $18.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Finally, BTIG Research started coverage on Capri in a research note on Tuesday, October 14th. They issued a “buy” rating and a $30.00 price objective on the stock. Six equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Capri currently has an average rating of “Hold” and a consensus price target of $24.54.

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.