Pekin Hardy Strauss Inc. Boosts Stake in Capri Holdings Limited (NYSE:CPRI)

Pekin Hardy Strauss Inc. grew its stake in shares of Capri Holdings Limited (NYSE:CPRI) by 129.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 45,524 shares of the company’s stock after buying an additional 25,662 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in Capri were worth $1,506,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in CPRI. Quent Capital LLC raised its position 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 buying an additional 708 shares in the last quarter. Bessemer Group Inc. raised its position in Capri by 82.4% in the 1st quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock worth $60,000 after purchasing an additional 601 shares during the period. Vima LLC purchased a new position in Capri in the 4th quarter worth $70,000. CWM LLC raised its position in Capri by 35.2% in the 2nd quarter. CWM LLC now owns 2,452 shares of the company’s stock worth $81,000 after purchasing an additional 638 shares during the period. Finally, Signaturefd LLC raised its position in Capri by 14.7% in the 2nd quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock worth $90,000 after purchasing an additional 351 shares during the period. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Capri Trading Up 1.2 %

NYSE:CPRI opened at $38.66 on Tuesday. Capri Holdings Limited has a one year low of $29.28 and a one year high of $52.88. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.95 and a quick ratio of 0.41. The company’s 50-day simple moving average is $34.41 and its 200 day simple moving average is $36.84. The firm has a market capitalization of $4.51 billion, a P/E ratio of -19.62, a PEG ratio of 6.66 and a beta of 1.97.

Capri (NYSE:CPRI) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.04 EPS for the quarter, missing the consensus estimate 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 business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the firm earned $0.74 EPS. The company’s revenue was down 13.2% on a year-over-year basis. As a group, analysts forecast that Capri Holdings Limited will post 2.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CPRI has been the topic of a number of analyst reports. Wells Fargo & Company decreased their target price on shares of Capri from $43.00 to $42.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Jefferies Financial Group decreased their target price 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. Telsey Advisory Group reiterated a “market perform” rating and issued a $42.00 target price on shares of Capri in a research report on Thursday, May 30th. StockNews.com lowered shares of Capri from a “hold” rating to a “sell” rating in a report on Tuesday, August 27th. Finally, Citigroup lowered shares of Capri from a “buy” rating to a “neutral” rating and set a $41.00 target price on the stock. in a research note on Friday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $40.40.

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.