Sterling Capital Management LLC Buys 2,546 Shares of Capri Holdings Limited (NYSE:CPRI)

Sterling Capital Management LLC boosted its stake in Capri Holdings Limited (NYSE:CPRI) by 58.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,872 shares of the company’s stock after buying an additional 2,546 shares during the period. Sterling Capital Management LLC’s holdings in Capri were worth $145,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Twin Tree Management LP bought a new stake in shares of Capri in the 4th quarter worth about $45,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Capri during the fourth quarter worth approximately $74,000. KBC Group NV raised its stake in shares of Capri by 63.9% in the fourth quarter. KBC Group NV now owns 5,039 shares of the company’s stock valued at $106,000 after acquiring an additional 1,965 shares during the last quarter. LexAurum Advisors LLC acquired a new position in shares of Capri in the 4th quarter worth approximately $211,000. Finally, L.M. Kohn & Company acquired a new stake in Capri during the 4th quarter valued at $234,000. 84.34% of the stock is currently owned by institutional investors.

Capri Stock Performance

Shares of CPRI opened at $13.68 on Tuesday. The firm’s 50 day moving average price is $19.02 and its two-hundred day moving average price is $22.99. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.59 and a current ratio of 1.21. Capri Holdings Limited has a twelve month low of $11.86 and a twelve month high of $43.34. The firm has a market cap of $1.61 billion, a P/E ratio of -1.60, a PEG ratio of 7.80 and a beta of 1.77.

Capri (NYSE:CPRI) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.45 EPS for the quarter, missing the consensus estimate 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 quarter in the prior year, the firm earned $1.20 earnings per share. On average, analysts forecast that Capri Holdings Limited will post 0.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CPRI. Telsey Advisory Group decreased their target price on Capri from $23.00 to $17.00 and set a “market perform” rating on the stock in a report on Friday, April 11th. Barclays reduced their target price on shares of Capri from $19.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 10th. StockNews.com raised Capri from a “sell” rating to a “hold” rating in a report on Friday, February 7th. Robert W. Baird dropped their target price on Capri from $26.00 to $18.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. Finally, Jefferies Financial Group raised their price target on Capri from $20.00 to $23.00 and gave the company a “hold” rating in a report on Tuesday, January 28th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $24.08.

Capri Profile

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.