Swedbank AB Makes New Investment in Capri Holdings Limited (NYSE:CPRI)

Swedbank AB purchased a new position in shares of Capri Holdings Limited (NYSE:CPRI) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 185,445 shares of the company’s stock, valued at approximately $8,401,000.

Several other institutional investors have also modified their holdings of CPRI. Private Wealth Management Group LLC bought a new position in Capri in the 4th quarter valued at about $25,000. Quent Capital LLC grew its position in Capri by 171.8% in the 1st quarter. Quent Capital LLC now owns 1,120 shares of the company’s stock valued at $51,000 after buying an additional 708 shares in the last quarter. Bessemer Group Inc. grew its position in Capri by 82.4% in the 1st quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock valued at $60,000 after buying an additional 601 shares in the last quarter. Vima LLC bought a new position in Capri in the 4th quarter valued at about $70,000. Finally, EMC Capital Management grew its position in Capri by 32.7% in the 1st quarter. EMC Capital Management now owns 2,421 shares of the company’s stock valued at $110,000 after buying an additional 596 shares in the last quarter. Institutional investors own 84.34% of the company’s stock.

Capri Trading Down 0.3 %

CPRI stock traded down $0.09 during mid-day trading on Friday, reaching $33.20. 585,461 shares of the stock traded hands, compared to its average volume of 803,296. The company has a current ratio of 0.95, a quick ratio of 0.44 and a debt-to-equity ratio of 0.79. Capri Holdings Limited has a 52-week low of $30.79 and a 52-week high of $54.52. The company has a market cap of $3.87 billion, a P/E ratio of -16.85, a P/E/G ratio of 3.37 and a beta of 2.01. The stock’s fifty day moving average is $33.45 and its 200-day moving average is $39.85.

Capri (NYSE:CPRI) last posted its quarterly earnings data 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 analysts’ expectations of $1.29 billion. During the same period in the prior year, the company posted $0.97 earnings per share. Capri’s quarterly revenue was down 8.4% compared to the same quarter last year. As a group, sell-side analysts expect that Capri Holdings Limited will post 3.45 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CPRI has been the subject of a number of recent analyst reports. OTR Global reiterated a “mixed” rating on shares of Capri in a research report on Wednesday, April 17th. Telsey Advisory Group reiterated a “market perform” rating and issued a $42.00 target price on shares of Capri in a research report on Thursday, May 30th. Citigroup raised shares of Capri from a “neutral” rating to a “buy” rating and cut their price target for the company from $56.00 to $41.00 in a report on Monday, June 17th. StockNews.com initiated coverage on shares of Capri in a report on Saturday, April 13th. They issued a “hold” rating for the company. Finally, UBS Group cut their price target on shares of Capri from $41.00 to $39.00 and set a “neutral” rating for the company in a report on Wednesday. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Capri presently has an average rating of “Hold” and a consensus target price of $45.29.

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.