Cowen AND Company LLC Acquires New Stake in Capri Holdings Limited (NYSE:CPRI)

Cowen AND Company LLC purchased a new stake in shares of Capri Holdings Limited (NYSE:CPRI) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 55,346 shares of the company’s stock, valued at approximately $1,831,000.

Several other large investors have also bought and sold shares of CPRI. Private Wealth Management Group LLC acquired a new stake in Capri during the 4th quarter worth about $25,000. Quent Capital LLC grew its holdings in shares of Capri by 171.8% during the 1st quarter. Quent Capital LLC now owns 1,120 shares of the company’s stock valued at $51,000 after acquiring an additional 708 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of Capri by 82.4% in the first quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock worth $60,000 after acquiring an additional 601 shares during the last quarter. Vima LLC purchased a new stake in shares of Capri during the fourth quarter worth $70,000. Finally, EMC Capital Management boosted its position in 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. Institutional investors own 84.34% of the company’s stock.

Capri Price Performance

Shares of Capri stock traded down $0.16 during midday trading on Monday, hitting $34.61. 129,590 shares of the company were exchanged, compared to its average volume of 1,271,581. The firm has a 50 day simple moving average of $33.82 and a 200-day simple moving average of $37.17. Capri Holdings Limited has a 52 week low of $29.28 and a 52 week high of $53.06. The firm has a market cap of $4.04 billion, a P/E ratio of -17.65, a PEG ratio of 5.73 and a beta of 1.97. 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 announced its earnings results on Thursday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.55). The firm 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%. The company’s revenue for the quarter was down 13.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.74 EPS. Research analysts forecast that Capri Holdings Limited will post 2.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CPRI. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $42.00 target price on shares of Capri in a research report on Thursday, May 30th. Jefferies Financial Group cut their price objective on shares of Capri from $57.00 to $38.00 and set a “hold” rating on the stock in a research report on Thursday, May 30th. Wells Fargo & Company decreased their target price on shares of Capri from $43.00 to $42.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. UBS Group reduced their price objective on shares of Capri from $41.00 to $39.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. Finally, Citigroup upgraded Capri from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $56.00 to $41.00 in a research note on Monday, June 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus 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.