Picton Mahoney Asset Management Raises Position in Capri Holdings Limited (NYSE:CPRI)

Picton Mahoney Asset Management increased its stake in Capri Holdings Limited (NYSE:CPRI) by 11.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 350,000 shares of the company’s stock after buying an additional 35,000 shares during the quarter. Capri comprises 0.5% of Picton Mahoney Asset Management’s portfolio, making the stock its 29th largest position. Picton Mahoney Asset Management owned about 0.30% of Capri worth $17,583,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CPRI. U S Global Investors Inc. acquired a new position in shares of Capri in the 4th quarter valued at approximately $75,000. Fifth Third Bancorp grew its position in Capri by 34.0% in the 3rd quarter. Fifth Third Bancorp now owns 1,735 shares of the company’s stock valued at $91,000 after buying an additional 440 shares in the last quarter. EMC Capital Management bought a new stake in Capri during the third quarter worth approximately $96,000. Systematic Alpha Investments LLC bought a new stake in shares of Capri in the 3rd quarter worth $204,000. Finally, Coldstream Capital Management Inc. acquired a new stake in Capri in the 3rd quarter valued at about $205,000. 84.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on CPRI. OTR Global reissued a “mixed” rating on shares of Capri in a research report on Wednesday, April 17th. Telsey Advisory Group reduced their price objective on shares of Capri from $57.00 to $42.00 and set a “market perform” rating for the company in a research note on Tuesday, April 23rd. Finally, StockNews.com assumed coverage on shares of Capri in a research note on Saturday, April 13th. They issued a “hold” rating on the stock. Eleven investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $49.25.

Capri Price Performance

CPRI stock traded up $1.23 during midday trading on Tuesday, reaching $36.96. 2,935,589 shares of the company’s stock traded hands, compared to its average volume of 1,375,531. The company has a 50-day simple moving average of $42.28 and a two-hundred day simple moving average of $46.66. The company has a quick ratio of 0.49, a current ratio of 1.06 and a debt-to-equity ratio of 0.71. Capri Holdings Limited has a 1-year low of $34.17 and a 1-year high of $54.52. The company has a market cap of $4.31 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 7.24 and a beta of 2.08.

Capri (NYSE:CPRI) last posted its quarterly earnings data on Thursday, February 8th. The company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.54). Capri had a net margin of 3.96% and a return on equity of 25.79%. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the business posted $1.84 EPS. The company’s revenue was down 5.6% compared to the same quarter last year. On average, analysts anticipate that Capri Holdings Limited will post 3.8 earnings per share for the current year.

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.