70,096 Shares in Capri Holdings Limited (NYSE:CPRI) Purchased by Cannon Global Investment Management LLC

Cannon Global Investment Management LLC purchased a new stake in shares of Capri Holdings Limited (NYSE:CPRI) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 70,096 shares of the company’s stock, valued at approximately $2,319,000. Capri comprises about 10.7% of Cannon Global Investment Management LLC’s holdings, making the stock its 2nd largest holding. Cannon Global Investment Management LLC owned 0.06% of Capri at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Signaturefd LLC boosted its holdings in shares of Capri by 14.7% in the second quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock worth $90,000 after acquiring an additional 351 shares during the period. Private Wealth Management Group LLC bought a new stake in shares of Capri during the fourth quarter valued at about $25,000. EMC Capital Management boosted its position in shares of Capri by 32.7% in the first quarter. EMC Capital Management now owns 2,421 shares of the company’s stock valued at $110,000 after acquiring an additional 596 shares during the period. Swiss National Bank grew its position in shares of Capri by 0.3% during the 1st 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 in the last quarter. Finally, Bessemer Group Inc. boosted its position in shares of Capri by 82.4% during the 1st quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock valued at $60,000 after acquiring an additional 601 shares during the last quarter. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on CPRI. Jefferies Financial Group dropped their target price on shares of Capri from $57.00 to $38.00 and set a “hold” rating for the company in a research report on Thursday, May 30th. Telsey Advisory Group reissued a “market perform” rating and issued a $42.00 price target on shares of Capri in a research note on Thursday, May 30th. Wells Fargo & Company cut their price target on shares of Capri from $43.00 to $42.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. StockNews.com lowered Capri from a “hold” rating to a “sell” rating in a research note on Tuesday, August 27th. Finally, UBS Group cut their target price on shares of Capri from $41.00 to $39.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Capri has an average rating of “Hold” and a consensus price target of $40.40.

Capri Stock Up 0.9 %

CPRI traded up $0.33 during trading on Wednesday, reaching $36.36. The stock had a trading volume of 266,113 shares, compared to its average volume of 1,268,925. Capri Holdings Limited has a one year low of $29.28 and a one year high of $53.06. The company has a market capitalization of $4.28 billion, a price-to-earnings ratio of -18.30, a P/E/G ratio of 5.88 and a beta of 2.01. The company has a current ratio of 0.95, a quick ratio of 0.41 and a debt-to-equity ratio of 0.79. The stock’s 50 day moving average is $33.65 and its two-hundred day moving average is $37.42.

Capri (NYSE:CPRI) last announced its quarterly earnings data 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). The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Capri had a positive return on equity of 18.72% and a negative net margin of 5.81%. Capri’s revenue for the quarter was down 13.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.74 EPS. As a group, analysts expect that Capri Holdings Limited will post 2.12 earnings per share for the current year.

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.