Dupont Capital Management Corp purchased a new position in shares of Capri Holdings Limited (NYSE:CPRI - Get Rating) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,950 shares of the company's stock, valued at approximately $267,000.
→ The Humble Mineral at the Heart of the EV Revolution (Not Lithium) (From Investing Trends)
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Professional Financial Advisors LLC acquired a new position in Capri during the 2nd quarter worth $25,000. First Horizon Advisors Inc. grew its holdings in Capri by 624.7% during the 2nd quarter. First Horizon Advisors Inc. now owns 616 shares of the company's stock worth $25,000 after acquiring an additional 531 shares in the last quarter. Kistler Tiffany Companies LLC acquired a new position in Capri during the 2nd quarter worth $35,000. UMB Bank n.a. grew its holdings in Capri by 99.2% during the 3rd quarter. UMB Bank n.a. now owns 996 shares of the company's stock worth $38,000 after acquiring an additional 496 shares in the last quarter. Finally, EMC Capital Management grew its holdings in Capri by 49.5% during the 2nd quarter. EMC Capital Management now owns 1,570 shares of the company's stock worth $64,000 after acquiring an additional 520 shares in the last quarter. Hedge funds and other institutional investors own 90.28% of the company's stock.
Capri Stock Up 0.8 %
CPRI stock opened at $64.23 on Tuesday. Capri Holdings Limited has a 52 week low of $36.90 and a 52 week high of $72.37. The company has a market capitalization of $8.27 billion, a price-to-earnings ratio of 11.31, a price-to-earnings-growth ratio of 0.79 and a beta of 2.20. The firm's 50-day moving average is $56.55 and its two-hundred day moving average is $49.62. The company has a current ratio of 1.63, a quick ratio of 0.71 and a debt-to-equity ratio of 0.74.
Capri (NYSE:CPRI - Get Rating) last released its quarterly earnings results on Wednesday, November 9th. The company reported $1.79 EPS for the quarter, topping analysts' consensus estimates of $1.55 by $0.24. Capri had a net margin of 14.10% and a return on equity of 38.60%. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the previous year, the firm earned $1.53 EPS. Capri's revenue was up 8.6% on a year-over-year basis. On average, analysts forecast that Capri Holdings Limited will post 6.87 earnings per share for the current fiscal year.
Capri announced that its board has approved a share repurchase program on Wednesday, November 9th that allows the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 14.3% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's board of directors believes its shares are undervalued.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on the stock. Morgan Stanley decreased their price target on shares of Capri from $65.00 to $58.00 and set an "overweight" rating for the company in a report on Thursday, November 10th. StockNews.com assumed coverage on shares of Capri in a report on Wednesday, October 12th. They issued a "buy" rating for the company. Barclays decreased their price target on shares of Capri to $56.00 in a report on Wednesday, November 16th. Raymond James assumed coverage on shares of Capri in a report on Monday, December 19th. They issued an "outperform" rating and a $65.00 price target for the company. Finally, Citigroup decreased their price target on shares of Capri from $72.00 to $67.00 in a report on Friday, November 4th. Four research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, Capri has a consensus rating of "Moderate Buy" and a consensus target price of $67.82.
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. 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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to EMAIL.
Before you consider Capri, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Capri wasn't on the list.
While Capri currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here