Kestra Investment Management LLC Acquires 35,852 Shares of Capri Holdings Limited $CPRI

Kestra Investment Management LLC acquired a new position in Capri Holdings Limited (NYSE:CPRI) in the third quarter, Holdings Channel reports. The institutional investor acquired 35,852 shares of the company’s stock, valued at approximately $506,000.

Several other hedge funds have also recently made changes to their positions in CPRI. Hohimer Wealth Management LLC purchased a new position in Capri in the third quarter worth about $1,140,000. Parallel Advisors LLC boosted its holdings in shares of Capri by 308.9% in the 3rd quarter. Parallel Advisors LLC now owns 3,680 shares of the company’s stock worth $52,000 after purchasing an additional 2,780 shares during the period. Kestra Advisory Services LLC purchased a new position in shares of Capri in the 3rd quarter worth approximately $287,000. Commonwealth Equity Services LLC increased its position in shares of Capri by 4.5% during the 3rd quarter. Commonwealth Equity Services LLC now owns 11,863 shares of the company’s stock valued at $168,000 after purchasing an additional 512 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund raised its holdings in Capri by 3.5% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 25,500 shares of the company’s stock valued at $360,000 after buying an additional 856 shares during the period. 84.34% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on CPRI shares. JPMorgan Chase & Co. lowered their price target on Capri from $29.00 to $22.00 and set an “overweight” rating for the company in a research report on Tuesday, August 4th. BTIG Research cut their price objective on shares of Capri from $30.00 to $25.00 and set a “buy” rating on the stock in a research report on Thursday, August 6th. Jefferies Financial Group reissued a “hold” rating on shares of Capri in a research note on Tuesday, September 22nd. UBS Group increased their target price on shares of Capri from $17.00 to $19.00 and gave the company a “neutral” rating in a research note on Monday, November 2nd. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Capri in a research note on Tuesday, August 25th. Two analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $22.53.

Capri Trading Down 3.5%

CPRI opened at $20.97 on Thursday. The stock has a market cap of $2.17 billion, a price-to-earnings ratio of 10.25, a P/E/G ratio of 0.45 and a beta of 1.27. The stock’s 50 day moving average price is $15.83 and its 200-day moving average price is $17.73. Capri Holdings Limited has a one year low of $12.40 and a one year high of $28.26. The company has a debt-to-equity ratio of 6.31, a quick ratio of 0.50 and a current ratio of 1.18.

Capri (NYSE:CPRI) last issued its quarterly earnings results on Saturday, October 31st. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.21. Capri had a return on equity of 242.96% and a net margin of 6.12%. The firm had revenue of $809.00 million for the quarter, compared to the consensus estimate of $786.55 million. During the same period in the prior year, the business posted ($0.03) earnings per share. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. On average, equities analysts forecast that Capri Holdings Limited will post 2.18 EPS for the current year.

Capri Profile

Capri Holdings Limited is a global fashion group focused on designing, marketing and distributing luxury apparel, footwear, handbags, accessories and related products. Its portfolio includes Michael Kors and Jimmy Choo, whose products are sold through company-operated stores, e-commerce platforms and wholesale partners. The company serves customers in markets around the world, including North America, Europe and Asia. Its brands offer a range of products, including ready-to-wear clothing, shoes, bags, watches, eyewear, jewelry and fragrances.