Capri Holdings Limited (NYSE:CPRI) Shares Acquired by Federated Hermes Inc.

Federated Hermes Inc. increased its position in shares of Capri Holdings Limited (NYSE:CPRI) by 34.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,172 shares of the company’s stock after purchasing an additional 3,370 shares during the quarter. Federated Hermes Inc.’s holdings in Capri were worth $436,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. TIG Advisors LLC boosted its holdings in shares of Capri by 9.3% in the 4th quarter. TIG Advisors LLC now owns 1,863,562 shares of the company’s stock valued at $93,625,000 after acquiring an additional 158,303 shares during the last quarter. PSquared Asset Management AG grew its position 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 during the period. Carlson Capital L P raised its stake in shares of Capri by 2.1% during the 1st quarter. Carlson Capital L P now owns 955,000 shares of the company’s stock valued at $43,262,000 after buying an additional 20,000 shares during the last quarter. Water Island Capital LLC lifted its holdings in shares of Capri by 16.8% in the 4th quarter. Water Island Capital LLC now owns 841,071 shares of the company’s stock valued at $42,255,000 after buying an additional 121,228 shares during the period. Finally, KRYGER CAPITAL Ltd grew its holdings in Capri by 19.9% during the fourth quarter. KRYGER CAPITAL Ltd now owns 812,543 shares of the company’s stock worth $40,822,000 after acquiring an additional 135,074 shares during the period. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CPRI. Wells Fargo & Company decreased their price target on Capri from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Friday, August 9th. StockNews.com lowered shares of Capri from a “hold” rating to a “sell” rating in a research report on Tuesday, August 27th. Telsey Advisory Group reissued a “market perform” rating and set a $42.00 target price on shares of Capri in a research note on Thursday, May 30th. Jefferies Financial Group cut their price target on Capri from $57.00 to $38.00 and set a “hold” rating for the company in a research note on Thursday, May 30th. Finally, UBS Group lowered their price target on Capri from $42.00 to $39.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 11th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $40.40.

Capri Price Performance

NYSE:CPRI opened at $38.10 on Tuesday. The firm has a market cap of $4.44 billion, a P/E ratio of -19.34, a price-to-earnings-growth ratio of 6.66 and a beta of 1.97. The stock has a 50 day moving average of $34.81 and a two-hundred day moving average of $36.59. Capri Holdings Limited has a 12 month low of $29.28 and a 12 month high of $52.88. 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 (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 negative net margin of 5.81% and a positive return on equity of 18.72%. The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period in the prior year, the company posted $0.74 earnings per share. The firm’s revenue for the quarter was down 13.2% compared to the same quarter last year. On average, analysts expect that Capri Holdings Limited will post 2.12 earnings per share 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.