Potrero Capital Research LLC lessened its stake in Capri Holdings Ltd (NYSE:CPRI) by 33.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 86,120 shares of the company’s stock after selling 42,980 shares during the period. Capri comprises about 1.7% of Potrero Capital Research LLC’s portfolio, making the stock its 20th biggest position. Potrero Capital Research LLC owned 0.06% of Capri worth $2,987,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Coastal Investment Advisors Inc. acquired a new position in Capri during the 2nd quarter worth approximately $31,000. Signaturefd LLC purchased a new stake in shares of Capri in the first quarter worth approximately $40,000. Destination Wealth Management purchased a new stake in shares of Capri in the second quarter worth approximately $31,000. Pearl River Capital LLC purchased a new stake in shares of Capri in the second quarter worth approximately $32,000. Finally, CSat Investment Advisory L.P. purchased a new stake in shares of Capri in the first quarter worth approximately $46,000. Hedge funds and other institutional investors own 85.56% of the company’s stock.
In other Capri news, CEO John D. Idol bought 363,000 shares of Capri stock in a transaction dated Thursday, August 15th. The stock was bought at an average cost of $27.48 per share, with a total value of $9,975,240.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 5.30% of the company’s stock.
Several analysts have recently commented on CPRI shares. Jefferies Financial Group increased their price objective on Capri from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday. They noted that the move was a valuation call. Guggenheim reissued a “hold” rating on shares of Capri in a research note on Wednesday, May 29th. Evercore ISI set a $50.00 price objective on Capri and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Nomura lowered their price objective on Capri from $76.00 to $60.00 and set a “buy” rating for the company in a research note on Wednesday, June 5th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $50.00 price objective (down from $54.00) on shares of Capri in a research note on Thursday, August 8th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $52.23.
Shares of CPRI stock traded down $0.19 during trading on Friday, hitting $32.39. The company’s stock had a trading volume of 1,590,546 shares, compared to its average volume of 3,159,956. The company has a market cap of $4.94 billion, a PE ratio of 6.52, a P/E/G ratio of 1.13 and a beta of 0.82. The company has a current ratio of 1.03, a quick ratio of 0.42 and a debt-to-equity ratio of 1.58. The business has a fifty day moving average of $29.50 and a 200-day moving average of $37.82. Capri Holdings Ltd has a 52 week low of $25.25 and a 52 week high of $73.80.
Capri (NYSE:CPRI) last released its earnings results on Wednesday, August 7th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.05. The company had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.37 billion. Capri had a return on equity of 30.29% and a net margin of 7.45%. Capri’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.32 earnings per share. As a group, research analysts predict that Capri Holdings Ltd will post 4.9 EPS for the current year.
Capri Company Profile
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.
Recommended Story: What are the advantages to having securities held in street name?
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.