Sciencast Management LP Invests $493,000 in Capri Holdings Ltd (NYSE:CPRI)

Sciencast Management LP bought a new stake in Capri Holdings Ltd (NYSE:CPRI) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 31,587 shares of the company’s stock, valued at approximately $493,000.

A number of other large investors have also recently modified their holdings of CPRI. Eminence Capital LP increased its position in Capri by 4.8% during the first quarter. Eminence Capital LP now owns 13,806,593 shares of the company’s stock worth $148,973,000 after buying an additional 632,054 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Capri by 3.3% during the 1st quarter. Invesco Ltd. now owns 12,063,176 shares of the company’s stock worth $130,163,000 after acquiring an additional 380,144 shares during the period. State Street Corp raised its stake in Capri by 0.7% in the 1st quarter. State Street Corp now owns 6,923,932 shares of the company’s stock valued at $74,709,000 after acquiring an additional 46,704 shares during the period. ARGA Investment Management LP raised its stake in Capri by 54.3% in the 1st quarter. ARGA Investment Management LP now owns 5,232,233 shares of the company’s stock valued at $56,456,000 after acquiring an additional 1,840,818 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Capri by 2.4% during the 1st quarter. Geode Capital Management LLC now owns 2,521,151 shares of the company’s stock valued at $27,152,000 after purchasing an additional 59,562 shares during the last quarter. Institutional investors and hedge funds own 91.79% of the company’s stock.

Several equities analysts have recently weighed in on the stock. ValuEngine raised shares of Capri from a “sell” rating to a “hold” rating in a research report on Thursday, July 2nd. Deutsche Bank increased their price target on shares of Capri from $21.00 to $25.00 and gave the company a “hold” rating in a report on Thursday, July 2nd. UBS Group reduced their price objective on Capri from $37.00 to $26.00 and set a “buy” rating for the company in a report on Thursday, July 2nd. Telsey Advisory Group reaffirmed a “market perform” rating on shares of Capri in a research report on Thursday, June 25th. Finally, Oppenheimer reissued a “hold” rating on shares of Capri in a report on Thursday, July 2nd. Thirteen analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $31.00.

CPRI opened at $14.98 on Friday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.76 and a current ratio of 1.35. Capri Holdings Ltd has a 52-week low of $5.42 and a 52-week high of $39.90. The firm has a market cap of $2.25 billion, a P/E ratio of -9.73, a price-to-earnings-growth ratio of 3.76 and a beta of 1.87. The business’s fifty day moving average is $15.84 and its 200-day moving average is $14.20.

Capri (NYSE:CPRI) last posted its quarterly earnings data on Wednesday, July 1st. The company reported $0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.21). Capri had a positive return on equity of 24.85% and a negative net margin of 4.02%. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same period in the prior year, the company earned $0.63 EPS. The company’s revenue for the quarter was down 11.3% compared to the same quarter last year. On average, research analysts predict that Capri Holdings Ltd will post 0.83 earnings per share for the current fiscal year.

About Capri

Capri Holdings Limited design, markets, distributes, and retails branded women's and men's apparel and accessories. It operates in four segments: MK Retail, MK Wholesale, MK Licensing, and Jimmy Choo. The MK Retail segment sells women's apparel; handbags and small leather goods; men's apparel; footwear; and licensed products comprising watches, jewelry, fragrances, and beauty and eyewear.

Read More: What Does Beta Mean In Stock Selection?

Want to see what other hedge funds are holding CPRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capri Holdings Ltd (NYSE:CPRI).

Institutional Ownership by Quarter for Capri (NYSE:CPRI)

Receive News & Ratings for Capri Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capri and related companies with MarketBeat.com's FREE daily email newsletter.