Pekin Hardy Strauss Inc. Raises Position in Capri Holdings Limited (NYSE:CPRI)

Pekin Hardy Strauss Inc. grew its position in Capri Holdings Limited (NYSE:CPRI) by 129.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 45,524 shares of the company’s stock after purchasing an additional 25,662 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in Capri were worth $1,506,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Quent Capital LLC raised its holdings in shares of Capri by 171.8% during the first quarter. Quent Capital LLC now owns 1,120 shares of the company’s stock valued at $51,000 after purchasing an additional 708 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of Capri by 82.4% during the first quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock valued at $60,000 after purchasing an additional 601 shares during the last quarter. Vima LLC purchased a new position in shares of Capri during the fourth quarter valued at approximately $70,000. EMC Capital Management raised its holdings in shares of Capri by 32.7% during the first quarter. EMC Capital Management now owns 2,421 shares of the company’s stock valued at $110,000 after purchasing an additional 596 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of Capri by 35.2% during the second quarter. CWM LLC now owns 2,452 shares of the company’s stock valued at $81,000 after purchasing an additional 638 shares during the last quarter. 84.34% of the stock is owned by hedge funds and other institutional investors.

Capri Stock Performance

CPRI opened at $38.66 on Tuesday. The firm has a market cap of $4.51 billion, a P/E ratio of -19.62, a PEG ratio of 6.66 and a beta of 1.97. Capri Holdings Limited has a 1-year low of $29.28 and a 1-year high of $52.88. The company has a 50 day simple moving average of $34.41 and a two-hundred day simple moving average of $36.84. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.95 and a quick ratio of 0.41.

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

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. StockNews.com cut shares of Capri from a “hold” rating to a “sell” rating in a report on Tuesday, August 27th. Jefferies Financial Group cut their target price on shares of Capri from $57.00 to $38.00 and set a “hold” rating for the company in a research report on Thursday, May 30th. Telsey Advisory Group restated a “market perform” rating and set a $42.00 target price on shares of Capri in a research report on Thursday, May 30th. Citigroup lowered shares of Capri from a “buy” rating to a “neutral” rating and set a $41.00 target price for the company. in a research report on Friday. Finally, UBS Group dropped their price target on shares of Capri from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, Capri presently has a consensus rating of “Hold” and an average price target of $40.40.

Capri Company 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.