Hourglass Capital LLC Makes New Investment in Capri Holdings Limited (NYSE:CPRI)

Hourglass Capital LLC bought a new position in shares of Capri Holdings Limited (NYSE:CPRI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 96,570 shares of the company’s stock, valued at approximately $2,034,000. Hourglass Capital LLC owned about 0.08% of Capri as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of CPRI. Rhumbline Advisers increased its stake in shares of Capri by 1.3% during the 4th quarter. Rhumbline Advisers now owns 304,624 shares of the company’s stock valued at $6,415,000 after acquiring an additional 3,993 shares during the last quarter. Vontobel Holding Ltd. raised its stake in Capri by 382.1% during the fourth quarter. Vontobel Holding Ltd. now owns 57,042 shares of the company’s stock worth $1,201,000 after purchasing an additional 45,209 shares during the period. Ingalls & Snyder LLC grew its stake in shares of Capri by 209.6% during the 4th quarter. Ingalls & Snyder LLC now owns 92,250 shares of the company’s stock valued at $1,943,000 after buying an additional 62,450 shares during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Capri during the 4th quarter worth $48,953,000. Finally, ARGA Investment Management LP raised its position in shares of Capri by 149.4% in the 4th quarter. ARGA Investment Management LP now owns 227,957 shares of the company’s stock worth $4,801,000 after buying an additional 136,556 shares during the period. 84.34% of the stock is owned by hedge funds and other institutional investors.

Capri Trading Down 0.5 %

CPRI stock opened at $22.52 on Friday. The firm’s 50-day simple moving average is $22.57 and its 200 day simple moving average is $28.77. Capri Holdings Limited has a fifty-two week low of $18.70 and a fifty-two week high of $47.72. The company has a quick ratio of 0.38, 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 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.27). Capri had a negative net margin of 21.79% and a positive return on equity of 12.89%. During the same period in the prior year, the firm posted $1.20 EPS. Analysts predict that Capri Holdings Limited will post 1.51 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Jefferies Financial Group increased their price objective on shares of Capri from $20.00 to $23.00 and gave the stock a “hold” rating in a research report on Tuesday, January 28th. Telsey Advisory Group reiterated a “market perform” rating and issued a $23.00 target price on shares of Capri in a research note on Wednesday, February 5th. StockNews.com upgraded Capri from a “sell” rating to a “hold” rating in a report on Friday, February 7th. Bank of America started coverage on shares of Capri in a research report on Monday, February 10th. They issued a “neutral” rating and a $23.00 price objective for the company. Finally, Guggenheim reaffirmed a “buy” rating and set a $30.00 price target on shares of Capri in a report on Wednesday. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $25.92.

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.