CastleKnight Management LP Makes New $453,000 Investment in Capri Holdings Limited (NYSE:CPRI)

CastleKnight Management LP acquired a new position in shares of Capri Holdings Limited (NYSE:CPRI) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 21,500 shares of the company’s stock, valued at approximately $453,000.

A number of other institutional investors and hedge funds have also made changes to their positions in CPRI. FMR LLC lifted its stake in Capri by 249.4% in the fourth quarter. FMR LLC now owns 9,987,603 shares of the company’s stock worth $210,339,000 after acquiring an additional 7,129,123 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Capri by 22,554.7% in the 4th quarter. Pacer Advisors Inc. now owns 3,902,960 shares of the company’s stock valued at $82,196,000 after purchasing an additional 3,885,732 shares in the last quarter. Norges Bank purchased a new stake in shares of Capri during the 4th quarter worth $58,070,000. Vaughan Nelson Investment Management L.P. acquired a new position in shares of Capri during the fourth quarter worth $48,953,000. Finally, Segall Bryant & Hamill LLC purchased a new position in Capri in the fourth quarter valued at $24,617,000. 84.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CPRI has been the subject of a number of recent analyst reports. Bank of America initiated coverage on Capri in a report on Monday, February 10th. They set a “neutral” rating and a $23.00 price target for the company. Guggenheim reaffirmed a “buy” rating and issued a $30.00 price target on shares of Capri in a report on Wednesday, February 12th. Wells Fargo & Company dropped their price target on shares of Capri from $30.00 to $25.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Citigroup upgraded shares of Capri from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $21.00 to $29.00 in a research report on Friday, January 10th. Finally, StockNews.com raised shares of Capri from a “sell” rating to a “hold” rating in a research report on Friday, February 7th. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Capri presently has an average rating of “Hold” and a consensus price target of $24.08.

Capri Stock Up 0.4 %

CPRI opened at $15.47 on Wednesday. The business has a 50 day moving average price of $17.65 and a two-hundred day moving average price of $21.04. Capri Holdings Limited has a 52 week low of $11.86 and a 52 week high of $43.34. The company has a market cap of $1.82 billion, a PE ratio of -1.81, a P/E/G ratio of 7.80 and a beta of 1.64. The company has a quick ratio of 0.59, a current ratio of 1.21 and a debt-to-equity ratio of 1.36.

Capri (NYSE:CPRI) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.27). Capri had a positive return on equity of 12.89% and a negative net margin of 21.79%. During the same period in the previous year, the firm posted $1.20 EPS. As a group, research analysts anticipate that Capri Holdings Limited will post 0.98 EPS 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.