Kettle Hill Capital Management LLC Acquires New Holdings in Capri Holdings Limited $CPRI

Kettle Hill Capital Management LLC bought a new position in Capri Holdings Limited (NYSE:CPRI) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 120,091 shares of the company’s stock, valued at approximately $2,930,000.

Other large investors have also recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd bought a new stake in Capri during the third quarter worth approximately $39,000. Quantbot Technologies LP bought a new stake in Capri during the second quarter worth approximately $39,000. Hantz Financial Services Inc. boosted its position in Capri by 57.9% during the fourth quarter. Hantz Financial Services Inc. now owns 4,266 shares of the company’s stock worth $104,000 after purchasing an additional 1,565 shares during the period. Headlands Technologies LLC bought a new stake in Capri during the second quarter worth approximately $139,000. Finally, State of Wyoming bought a new stake in Capri during the second quarter worth approximately $173,000. Institutional investors own 84.34% of the company’s stock.

Capri Price Performance

Shares of NYSE:CPRI opened at $21.04 on Tuesday. The business has a 50 day moving average price of $19.16 and a 200 day moving average price of $21.26. Capri Holdings Limited has a twelve month low of $16.22 and a twelve month high of $28.26. The company has a market cap of $2.42 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 0.39 and a beta of 1.40. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 4.08.

Capri (NYSE:CPRI) last announced its quarterly earnings data on Thursday, May 28th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.11. Capri had a return on equity of 664.22% and a net margin of 3.94%.The company had revenue of $796.00 million during the quarter, compared to the consensus estimate of $800.04 million. During the same quarter last year, the company earned ($4.90) EPS. The company’s quarterly revenue was down 23.1% on a year-over-year basis. Research analysts predict that Capri Holdings Limited will post 2.05 earnings per share for the current year.

Insider Activity at Capri

In other Capri news, Director Stephen F. Reitman sold 17,981 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $19.42, for a total value of $349,191.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. JPMorgan Chase & Co. decreased their target price on Capri from $31.00 to $29.00 and set an “overweight” rating for the company in a research report on Thursday, May 28th. Wells Fargo & Company decreased their target price on Capri from $21.00 to $20.00 and set an “equal weight” rating for the company in a research report on Thursday, May 28th. Raymond James Financial reaffirmed an “outperform” rating and set a $22.00 target price on shares of Capri in a research report on Thursday, May 28th. BTIG Research restated a “buy” rating and set a $30.00 target price on shares of Capri in a research note on Thursday, May 28th. Finally, Bank of America decreased their target price on Capri from $23.00 to $20.00 and set a “neutral” rating for the company in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $24.79.

About Capri

Capri Holdings Limited (NYSE: CPRI) is a global luxury fashion company that designs, markets and distributes a range of premium lifestyle products. The company’s principal brands—Michael Kors, Versace and Jimmy Choo—offer handbags, ready-to-wear apparel, footwear, watches, jewelry, fragrance and other accessories. Capri Holdings combines in-house design talent with international sourcing, manufacturing and retail operations to deliver collections that reflect each brand’s distinct heritage and aesthetic vision.

Formed in 2018 through the rebranding of Michael Kors Holdings following the acquisition of Versace, Capri has since integrated Jimmy Choo into its portfolio.