Scopus Asset Management L.P. Has $68.85 Million Stock Position in Capri Holdings Limited (NYSE:CPRI)

Scopus Asset Management L.P. raised its position in shares of Capri Holdings Limited (NYSE:CPRI) by 42.1% in the first quarter, Holdings Channel.com reports. The institutional investor owned 1,350,000 shares of the company’s stock after buying an additional 400,000 shares during the period. Capri comprises 0.9% of Scopus Asset Management L.P.’s holdings, making the stock its 26th largest position. Scopus Asset Management L.P.’s holdings in Capri were worth $68,850,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in CPRI. Utah Retirement Systems grew its holdings in shares of Capri by 2.7% during the first quarter. Utah Retirement Systems now owns 7,500 shares of the company’s stock valued at $383,000 after buying an additional 200 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Capri by 0.6% in the first quarter. Arizona State Retirement System now owns 41,661 shares of the company’s stock worth $2,125,000 after purchasing an additional 241 shares in the last quarter. Captrust Financial Advisors boosted its holdings in shares of Capri by 138.0% during the fourth quarter. Captrust Financial Advisors now owns 595 shares of the company’s stock worth $25,000 after purchasing an additional 345 shares during the period. O Shaughnessy Asset Management LLC grew its position in Capri by 183.2% during the first quarter. O Shaughnessy Asset Management LLC now owns 572 shares of the company’s stock valued at $29,000 after purchasing an additional 370 shares in the last quarter. Finally, San Francisco Sentry Investment Group CA increased its stake in Capri by 2.2% in the 1st quarter. San Francisco Sentry Investment Group CA now owns 17,530 shares of the company’s stock valued at $894,000 after buying an additional 380 shares during the period. Institutional investors own 86.12% of the company’s stock.

In other Capri news, SVP Daniel Purefoy sold 3,520 shares of the company’s stock in a transaction dated Friday, May 28th. The shares were sold at an average price of $56.97, for a total transaction of $200,534.40. Following the sale, the senior vice president now directly owns 14,448 shares of the company’s stock, valued at $823,102.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.70% of the stock is owned by insiders.

A number of equities analysts have recently weighed in on CPRI shares. Robert W. Baird upped their price target on shares of Capri from $66.00 to $70.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 30th. UBS Group raised their price target on Capri from $82.00 to $90.00 and gave the stock a “buy” rating in a research note on Wednesday, June 30th. MKM Partners boosted their price target on Capri from $56.00 to $58.00 and gave the company a “neutral” rating in a research note on Thursday, July 1st. OTR Global raised shares of Capri to a “positive” rating in a research report on Thursday, April 15th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Capri from $54.00 to $57.00 and gave the company a “neutral” rating in a research note on Wednesday, June 30th. Nine investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $59.57.

Shares of CPRI traded down $1.34 during mid-day trading on Thursday, reaching $50.09. The company had a trading volume of 34,989 shares, compared to its average volume of 1,600,465. The company has a quick ratio of 0.50, a current ratio of 0.95 and a debt-to-equity ratio of 0.57. The stock has a market cap of $7.58 billion, a P/E ratio of -119.25, a P/E/G ratio of 0.67 and a beta of 2.52. Capri Holdings Limited has a twelve month low of $13.80 and a twelve month high of $59.60. The stock’s 50-day moving average price is $54.18.

Capri (NYSE:CPRI) last announced its quarterly earnings results on Tuesday, May 25th. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.36. The business had revenue of $1.20 billion for the quarter, compared to analyst estimates of $1.03 billion. Capri had a positive return on equity of 13.31% and a negative net margin of 1.53%. During the same quarter in the previous year, the firm earned $0.11 EPS. On average, equities analysts predict that Capri Holdings Limited will post 3.9 earnings per share for the current fiscal year.

Capri 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, eyewear, watches, jewelry, fragrances, 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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