Eaton Vance Management Buys Shares of 918,191 Capri Holdings Limited (NYSE:CPRI)

Eaton Vance Management bought a new stake in Capri Holdings Limited (NYSE:CPRI) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 918,191 shares of the company’s stock, valued at approximately $38,564,000. Eaton Vance Management owned 0.61% of Capri as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Captrust Financial Advisors grew its holdings in shares of Capri by 138.0% during the 4th quarter. Captrust Financial Advisors now owns 595 shares of the company’s stock valued at $25,000 after purchasing an additional 345 shares during the last quarter. Perigon Wealth Management LLC bought a new stake in shares of Capri during the 4th quarter valued at approximately $30,000. Flagship Private Wealth LLC bought a new stake in shares of Capri during the 4th quarter valued at approximately $30,000. Regent Peak Wealth Advisors LLC bought a new stake in shares of Capri during the 4th quarter valued at approximately $36,000. Finally, Archer Investment Corp bought a new stake in shares of Capri during the 4th quarter valued at approximately $37,000. 84.80% of the stock is currently owned by institutional investors.

A number of equities research analysts have weighed in on CPRI shares. Deutsche Bank Aktiengesellschaft raised shares of Capri from a “hold” rating to a “buy” rating and boosted their target price for the stock from $28.00 to $56.00 in a report on Thursday, January 21st. Zacks Investment Research lowered shares of Capri from a “strong-buy” rating to a “hold” rating and set a $43.00 target price on the stock. in a report on Wednesday, January 6th. Robert W. Baird raised shares of Capri from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $48.00 to $58.00 in a report on Friday, January 29th. Guggenheim boosted their target price on shares of Capri from $28.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, December 30th. Finally, Wells Fargo & Company boosted their target price on shares of Capri from $60.00 to $65.00 and gave the stock an “overweight” rating in a report on Tuesday, March 23rd. Nine analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Capri presently has a consensus rating of “Buy” and an average target price of $44.89.

Capri stock opened at $50.74 on Thursday. The company has a quick ratio of 0.45, a current ratio of 1.03 and a debt-to-equity ratio of 0.72. Capri Holdings Limited has a 12-month low of $11.04 and a 12-month high of $58.58. The firm’s fifty day moving average is $49.99 and its 200 day moving average is $38.00. The company has a market capitalization of $7.66 billion, a PE ratio of -18.72, a PEG ratio of 6.29 and a beta of 2.31.

Capri (NYSE:CPRI) last released its earnings results on Tuesday, February 2nd. The company reported $1.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.64. Capri had a negative net margin of 9.23% and a positive return on equity of 11.13%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.34 billion. During the same quarter in the previous year, the company earned $1.66 EPS. Capri’s quarterly revenue was down 17.1% compared to the same quarter last year. Sell-side analysts expect that Capri Holdings Limited will post 1.21 EPS for the current fiscal year.

In related news, SVP Daniel Purefoy sold 687 shares of the business’s stock in a transaction on Tuesday, March 9th. The shares were sold at an average price of $53.60, for a total transaction of $36,823.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.50% of the stock is owned by insiders.

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. The company's Versace segment offers ready-to-wear, accessories, footwear, and home furnishings through a distribution network, including boutiques; and department and specialty stores, as well as through Versace e-commerce sites.

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Institutional Ownership by Quarter for Capri (NYSE:CPRI)

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