Vima LLC Makes New $70,000 Investment in Capri Holdings Limited (NYSE:CPRI)

Vima LLC purchased a new position in shares of Capri Holdings Limited (NYSE:CPRI) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,391 shares of the company’s stock, valued at approximately $70,000.

Several other institutional investors also recently added to or reduced their stakes in the company. Private Wealth Management Group LLC purchased a new position in shares of Capri in the 4th quarter valued at approximately $25,000. U S Global Investors Inc. purchased a new position in shares of Capri in the 4th quarter valued at approximately $75,000. Cary Street Partners Investment Advisory LLC purchased a new position in shares of Capri in the 4th quarter valued at approximately $201,000. Sage Rock Capital Management LP purchased a new position in shares of Capri in the 4th quarter valued at approximately $226,000. Finally, O Shaughnessy Asset Management LLC purchased a new position in shares of Capri in the 3rd quarter valued at approximately $261,000. Institutional investors and hedge funds own 84.34% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on CPRI shares. StockNews.com started coverage on Capri in a research note on Saturday, April 13th. They issued a “hold” rating on the stock. Jefferies Financial Group decreased their price target on Capri from $57.00 to $38.00 and set a “hold” rating on the stock in a research note on Thursday, May 30th. Telsey Advisory Group restated a “market perform” rating and issued a $42.00 price target on shares of Capri in a research note on Thursday, May 30th. Finally, OTR Global restated a “mixed” rating on shares of Capri in a research note on Wednesday, April 17th. Eleven research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Capri has a consensus rating of “Hold” and an average price target of $51.38.

Capri Price Performance

CPRI stock traded down $0.48 during midday trading on Friday, hitting $31.70. 1,233,291 shares of the stock were exchanged, compared to its average volume of 1,082,817. The stock’s 50-day moving average price is $36.05 and its 200-day moving average price is $43.82. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of -16.09, a PEG ratio of 3.26 and a beta of 2.00. Capri Holdings Limited has a fifty-two week low of $31.42 and a fifty-two week high of $54.52. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.44 and a current ratio of 0.95.

Capri (NYSE:CPRI) last released its quarterly earnings results on Wednesday, May 29th. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.30). Capri had a positive return on equity of 22.76% and a negative net margin of 4.43%. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the firm earned $0.97 earnings per share. The business’s revenue was down 8.4% compared to the same quarter last year. Research analysts predict that Capri Holdings Limited will post 3.45 earnings per share for the current year.

Capri Company 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.