Zurcher Kantonalbank Zurich Cantonalbank increased its position in Capri Holdings Limited (NYSE:CPRI – Get Rating) by 4.6% in the first quarter, according to the company in its latest 13F filing with the Securities & Exchange Commission. The institutional investor held 20,762 shares of the company after purchasing an additional 904 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Capri were worth $1,067,000 at the end of the last quarter.
A number of other institutional investors and hedge funds have also recently changed their holdings in the company. Profund Advisors LLC increased its holdings in Capri by 2.3% in the fourth quarter. Profund Advisors LLC now owns 8,031 shares of the company worth $521,000 after buying 183 additional shares in the last quarter. Fifth Third Bancorp increased its position in shares of Capri by 14.6% in the fourth quarter. Fifth Third Bancorp now owns 1,840 shares of the company valued at $119,000 after buying 234 more shares in the last quarter. CWM LLC increased its position in Capri shares by 19.9% in the first quarter. CWM LLC now owns 2,348 shares of the company valued at $121,000 after purchasing an additional 389 shares in the last quarter. Counterpoint Mutual Funds LLC bought a new equity stake in Capri in Q4 valued at around $27,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in Capri shares by 3.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 14,496 shares of the company valued at $941,000 after purchasing an additional 418 shares in the last quarter. 88.46% of the shares are held by institutional investors and hedge funds.
Shares of Capri opened at $43.04 on Monday. The company has a market capitalization of $6.15 billion, a PE ratio of 8.03, a growth price-earnings ratio of 0.56 and a beta of 2.28. Capri Holdings Limited has a 52-week low of $36.90 and a 52-week high of $72.37. The company has a 50-day moving average price of $44.90 and a 200-day moving average price of $53.22. The company has a quick ratio of 0.51, a current ratio of 1.21 and a leverage ratio of 0.44.
Capri (NYSE:CPRI – Get Rating) last released its quarterly earnings data on Wednesday, June 1. The company reported EPS of $1.02 for the quarter, beating the consensus estimate of $0.82 by $0.20. The company posted revenue of $1.49 billion in the quarter, versus a consensus estimate of $1.41 billion. Capri had a return on equity of 36.48% and a net margin of 14.54%. The company’s quarterly revenue increased by 24.6% compared to the same quarter last year. In the same period a year earlier, the company posted earnings per share of $0.38. As a group, research analysts expect Capri Holdings Limited to post EPS of 6.83 for the current year.
Capri announced that its board of directors launched a stock buyback program on Wednesday, June 1 that allows the company to repurchase $1.00 billion in stock. This repurchase authorization allows the company to acquire up to 13.8% of its shares through purchases on the open market. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.
In related news, CEO John D. Idol sold 3,803 shares in a trade that took place on Friday, June 3. The stock was sold at an average price of $49.63, for a total transaction of $188,742.89. Following the completion of the sale, the CEO now directly owns 933,268 shares of the company, valued at $46,318,090.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink. Insiders of the company hold 2.60% of the shares of the company.
The CPRI has been the subject of a number of analyst reports. Sanford C. Bernstein launched a coverage on Capri in a research report on Monday, March 14. They issued a “market performance” rating and a $55.00 price target on the stock. TheStreet downgraded Capri from a ‘b’ rating to a ‘c+’ rating in a research report on Wednesday, June 1. Wells Fargo & Company cut its price target on Capri from $85.00 to $70.00 and gave the stock an “overweight” rating in a research report on Thursday. Telsey Advisory Group reiterated a “market performance” rating on Capri shares in a Thursday May 26 research report. Finally, Morgan Stanley cut its price target on Capri from $80.00 to $65.00 and set an “overweight” rating on the stock in a Friday, June 3 research report. Five research analysts gave the stock a hold rating and thirteen gave the stock a buy rating. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $74.31.
Company profile Capri (Get a rating)
Capri Holdings Limited designs, markets, distributes and retails branded apparel, footwear and accessories for men and women 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, shoes, handbags, scarves and belts, small leather goods, eyewear, watches, jewelry, perfumes and home furnishings through a distribution network including boutiques, department stores and specialty stores. only through e-commerce sites.
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