Samlyn Capital LLC Buys 61,232 Shares of Capri Holdings Limited (NYSE:CPRI)

Samlyn Capital LLC grew its stake in Capri Holdings Limited (NYSE:CPRI) by 8.3% in the second quarter, HoldingsChannel.com reports. The fund owned 795,258 shares of the company’s stock after acquiring an additional 61,232 shares during the period. Samlyn Capital LLC’s holdings in Capri were worth $26,307,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of CPRI. TIG Advisors LLC increased its stake in Capri by 9.3% during the 4th quarter. TIG Advisors LLC now owns 1,863,562 shares of the company’s stock worth $93,625,000 after purchasing an additional 158,303 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Capri by 4.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,587,602 shares of the company’s stock worth $52,514,000 after purchasing an additional 68,081 shares in the last quarter. PSquared Asset Management AG increased its stake in Capri by 21.5% during the 4th quarter. PSquared Asset Management AG now owns 1,410,515 shares of the company’s stock worth $64,807,000 after purchasing an additional 249,327 shares in the last quarter. Baupost Group LLC MA bought a new stake in Capri during the 2nd quarter worth approximately $33,080,000. Finally, Carlson Capital L P increased its stake in Capri by 2.1% during the 1st quarter. Carlson Capital L P now owns 955,000 shares of the company’s stock worth $43,262,000 after purchasing an additional 20,000 shares in the last quarter. 84.34% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on CPRI shares. Citigroup cut Capri from a “buy” rating to a “neutral” rating and set a $41.00 target price for the company. in a research note on Friday, September 13th. UBS Group reduced their price target on Capri from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Wednesday, September 11th. Wells Fargo & Company reduced their price target on Capri from $43.00 to $42.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. Jefferies Financial Group reduced their price target on Capri from $57.00 to $38.00 and set a “hold” rating for the company in a research report on Thursday, May 30th. Finally, StockNews.com downgraded Capri from a “hold” rating to a “sell” rating in a research report on Tuesday, August 27th. One 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. Based on data from MarketBeat, Capri has a consensus rating of “Hold” and a consensus target price of $40.40.

Capri Trading Down 0.5 %

NYSE CPRI opened at $38.10 on Tuesday. The company has a market cap of $4.44 billion, a PE ratio of -19.34, a PEG ratio of 6.66 and a beta of 1.97. The company has a current ratio of 0.95, a quick ratio of 0.41 and a debt-to-equity ratio of 0.79. Capri Holdings Limited has a 12 month low of $29.28 and a 12 month high of $52.88. The stock has a 50 day moving average of $34.81 and a 200-day moving average of $36.59.

Capri (NYSE:CPRI) last released 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). The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.16 billion. Capri had a negative net margin of 5.81% and a positive return on equity of 18.72%. The company’s quarterly revenue was down 13.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.74 EPS. On average, equities research analysts anticipate that Capri Holdings Limited will post 2.12 EPS for the current fiscal year.

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.