Capri Holdings Limited (NYSE:CPRI) Shares Acquired by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC lifted its holdings in Capri Holdings Limited (NYSE:CPRI) by 13.7% during the third quarter, HoldingsChannel reports. The institutional investor owned 13,512 shares of the company’s stock after purchasing an additional 1,631 shares during the period. Frank Rimerman Advisors LLC’s holdings in Capri were worth $573,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Dimensional Fund Advisors LP increased its stake in Capri by 4.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,587,602 shares of the company’s stock valued at $52,514,000 after buying an additional 68,081 shares during the period. Baupost Group LLC MA purchased a new position in shares of Capri in the second quarter worth approximately $33,080,000. Carlson Capital L P increased its position in shares of Capri by 2.1% in the first quarter. Carlson Capital L P now owns 955,000 shares of the company’s stock worth $43,262,000 after acquiring an additional 20,000 shares in the last quarter. Samlyn Capital LLC boosted its holdings in shares of Capri by 8.3% during the second quarter. Samlyn Capital LLC now owns 795,258 shares of the company’s stock worth $26,307,000 after purchasing an additional 61,232 shares during the period. Finally, DME Capital Management LP acquired a new stake in shares of Capri during the second quarter worth approximately $22,652,000. 84.34% of the stock is currently owned by institutional investors.

Capri Price Performance

Capri stock opened at $21.26 on Monday. The firm has a market capitalization of $2.50 billion, a P/E ratio of -8.54, a PEG ratio of 6.93 and a beta of 1.97. Capri Holdings Limited has a 1 year low of $20.99 and a 1 year high of $51.46. The business has a 50-day moving average of $38.74 and a 200-day moving average of $35.84. The company has a current ratio of 0.95, a quick ratio of 0.41 and a debt-to-equity ratio of 0.79.

Capri (NYSE:CPRI) last posted its earnings results on Thursday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.55). The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.16 billion. Capri had a positive return on equity of 18.72% and a negative net margin of 5.81%. Capri’s quarterly revenue was down 13.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.74 earnings per share. On average, equities analysts anticipate that Capri Holdings Limited will post 2.12 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CPRI. UBS Group reduced their target price on shares of Capri from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Wednesday, September 11th. Telsey Advisory Group dropped their target price on shares of Capri from $42.00 to $26.00 and set a “market perform” rating on the stock in a research report on Friday. JPMorgan Chase & Co. lowered their price target on shares of Capri from $57.00 to $22.00 and set a “neutral” rating on the stock in a report on Friday. Wells Fargo & Company decreased their price target on Capri from $42.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday. Finally, Citigroup cut Capri from a “buy” rating to a “neutral” rating and set a $41.00 price objective for the company. in a report on Friday, September 13th. One research analyst has rated the stock with a sell rating and six have assigned a hold 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 $31.50.

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.