Gabelli Funds LLC Purchases 33,550 Shares of Capri Holdings Limited (NYSE:CPRI)

Gabelli Funds LLC grew its position in shares of Capri Holdings Limited (NYSE:CPRI) by 7.1% during the 1st quarter, Holdings Channel reports. The institutional investor owned 504,599 shares of the company’s stock after buying an additional 33,550 shares during the quarter. Gabelli Funds LLC’s holdings in Capri were worth $22,858,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the company. Private Wealth Management Group LLC bought a new position in Capri during the 4th quarter worth $25,000. Swiss National Bank increased its position in Capri by 0.3% during the 1st quarter. Swiss National Bank now owns 229,500 shares of the company’s stock worth $10,396,000 after buying an additional 600 shares during the period. Bessemer Group Inc. increased its position in Capri by 82.4% during the 1st quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock worth $60,000 after buying an additional 601 shares during the period. Quent Capital LLC grew its holdings in shares of Capri by 171.8% during the 1st quarter. Quent Capital LLC now owns 1,120 shares of the company’s stock worth $51,000 after purchasing an additional 708 shares in the last quarter. Finally, State of Michigan Retirement System grew its holdings in shares of Capri by 2.9% during the 1st quarter. State of Michigan Retirement System now owns 28,665 shares of the company’s stock worth $1,299,000 after purchasing an additional 800 shares in the last quarter. Institutional investors own 84.34% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. OTR Global reissued a “mixed” rating on shares of Capri in a report on Wednesday, April 17th. Wells Fargo & Company raised Capri from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $57.00 to $43.00 in a report on Tuesday, June 25th. StockNews.com assumed coverage on Capri in a report on Saturday, April 13th. They set a “hold” rating on the stock. Telsey Advisory Group reissued a “market perform” rating and set a $42.00 target price on shares of Capri in a report on Thursday, May 30th. Finally, Citigroup raised Capri from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $56.00 to $41.00 in a report on Monday, June 17th. Nine research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $47.75.

Capri Price Performance

NYSE:CPRI traded up $0.44 during trading hours on Friday, hitting $33.75. The company’s stock had a trading volume of 476,578 shares, compared to its average volume of 916,392. The stock has a fifty day simple moving average of $33.60 and a 200-day simple moving average of $40.45. The company has a market capitalization of $3.94 billion, a P/E ratio of -17.13, a PEG ratio of 3.37 and a beta of 2.01. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.95 and a quick ratio of 0.44. Capri Holdings Limited has a twelve month low of $30.79 and a twelve month high of $54.52.

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