Arkadios Wealth Advisors Has $772,000 Stock Holdings in Capri Holdings Limited (NYSE:CPRI)

Arkadios Wealth Advisors boosted its holdings in shares of Capri Holdings Limited (NYSE:CPRI) by 12.1% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,326 shares of the company’s stock after acquiring an additional 2,519 shares during the quarter. Arkadios Wealth Advisors’ holdings in Capri were worth $772,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Private Wealth Management Group LLC acquired a new position in Capri in the 4th quarter valued at approximately $25,000. EMC Capital Management raised its holdings in shares of Capri by 32.7% during the first quarter. EMC Capital Management now owns 2,421 shares of the company’s stock worth $110,000 after acquiring an additional 596 shares in the last quarter. Swiss National Bank boosted its position in Capri by 0.3% during the first quarter. Swiss National Bank now owns 229,500 shares of the company’s stock valued at $10,396,000 after purchasing an additional 600 shares during the last quarter. Bessemer Group Inc. increased its position in Capri by 82.4% in the 1st quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock worth $60,000 after purchasing an additional 601 shares during the last quarter. Finally, CWM LLC raised its stake in shares of Capri by 35.2% during the 2nd quarter. CWM LLC now owns 2,452 shares of the company’s stock worth $81,000 after purchasing an additional 638 shares in the last quarter. Institutional investors and hedge funds own 84.34% of the company’s stock.

Capri Stock Performance

Capri stock traded down $0.02 during mid-day trading on Thursday, reaching $35.88. The company had a trading volume of 865,622 shares, compared to its average volume of 1,276,677. The company has a 50 day moving average of $33.30 and a 200-day moving average of $37.81. Capri Holdings Limited has a 52 week low of $29.28 and a 52 week high of $53.06. The company has a quick ratio of 0.44, a current ratio of 0.95 and a debt-to-equity ratio of 0.79. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of -18.22, a PEG ratio of 3.37 and a beta of 2.01.

Capri (NYSE:CPRI) last released its earnings results on Thursday, August 8th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.55). Capri had a positive return on equity of 22.76% and a negative net margin of 4.43%. The firm had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the business earned $0.74 earnings per share. The firm’s quarterly revenue was down 13.2% compared to the same quarter last year. On average, sell-side analysts expect that Capri Holdings Limited will post 3.45 EPS for the current fiscal year.

Analysts Set New Price Targets

CPRI has been the topic of a number of research reports. Citigroup upgraded Capri from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $56.00 to $41.00 in a report on Monday, June 17th. Telsey Advisory Group reiterated a “market perform” rating and issued a $42.00 price objective on shares of Capri in a report on Thursday, May 30th. Wells Fargo & Company reduced their price target on Capri from $43.00 to $42.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Jefferies Financial Group cut their price objective on Capri from $57.00 to $38.00 and set a “hold” rating on the stock in a research note on Thursday, May 30th. Finally, StockNews.com lowered shares of Capri from a “hold” rating to a “sell” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Capri has an average rating of “Hold” and an average target price of $40.40.

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.