Trexquant Investment LP Acquires New Holdings in Capri Holdings Limited (NYSE:CPRI)

Trexquant Investment LP bought a new position in shares of Capri Holdings Limited (NYSE:CPRI) in the fourth quarter, Holdings Channel reports. The firm bought 12,764 shares of the company’s stock, valued at approximately $269,000.

A number of other large investors have also recently added to or reduced their stakes in CPRI. Vanguard Group Inc. lifted its stake in shares of Capri by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 11,377,630 shares of the company’s stock worth $239,613,000 after buying an additional 151,866 shares during the last quarter. Primecap Management Co. CA lifted its position in Capri by 13.2% during the 4th quarter. Primecap Management Co. CA now owns 4,688,333 shares of the company’s stock worth $98,736,000 after acquiring an additional 547,578 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in Capri by 22,554.7% during the fourth quarter. Pacer Advisors Inc. now owns 3,902,960 shares of the company’s stock valued at $82,196,000 after acquiring an additional 3,885,732 shares during the period. Norges Bank acquired a new stake in shares of Capri in the fourth quarter valued at about $58,070,000. Finally, Vaughan Nelson Investment Management L.P. bought a new position in shares of Capri in the fourth quarter worth about $48,953,000. Institutional investors own 84.34% of the company’s stock.

Capri Trading Up 0.2 %

CPRI stock opened at $14.66 on Monday. The company has a current ratio of 1.21, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36. The firm has a market cap of $1.73 billion, a P/E ratio of -1.71, a P/E/G ratio of 7.80 and a beta of 1.77. Capri Holdings Limited has a 1-year low of $11.86 and a 1-year high of $43.34. The business’s 50 day moving average is $20.00 and its 200-day moving average is $24.16.

Capri (NYSE:CPRI) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.27). Capri had a negative net margin of 21.79% and a positive return on equity of 12.89%. During the same period in the prior year, the firm earned $1.20 EPS. Equities analysts anticipate that Capri Holdings Limited will post 0.98 earnings per share for the current fiscal year.

Analyst Ratings Changes

CPRI has been the subject of several recent analyst reports. Wells Fargo & Company decreased their target price on Capri from $30.00 to $25.00 and set an “overweight” rating for the company in a research note on Friday. Citigroup upgraded shares of Capri from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $21.00 to $29.00 in a research note on Friday, January 10th. Robert W. Baird cut their target price on shares of Capri from $26.00 to $18.00 and set a “neutral” rating for the company in a research note on Friday. Jefferies Financial Group increased their price target on shares of Capri from $20.00 to $23.00 and gave the company a “hold” rating in a report on Tuesday, January 28th. Finally, Guggenheim restated a “buy” rating and set a $30.00 price objective on shares of Capri in a report on Wednesday, February 12th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $24.08.

About Capri

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.