Bayforest Capital Ltd Sells 1,961 Shares of Capri Holdings Limited $CPRI

Bayforest Capital Ltd lessened its stake in shares of Capri Holdings Limited (NYSE:CPRI) by 5.6% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,369 shares of the company’s stock after selling 1,961 shares during the period. Bayforest Capital Ltd’s holdings in Capri were worth $591,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in CPRI. Farther Finance Advisors LLC lifted its position in shares of Capri by 758.1% in the first quarter. Farther Finance Advisors LLC now owns 1,433 shares of the company’s stock worth $28,000 after buying an additional 1,266 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Capri during the 1st quarter worth approximately $30,000. Banque Cantonale Vaudoise bought a new position in shares of Capri during the 1st quarter valued at approximately $29,000. Fifth Third Bancorp boosted its position in shares of Capri by 139.6% during the 1st quarter. Fifth Third Bancorp now owns 2,343 shares of the company’s stock valued at $46,000 after acquiring an additional 1,365 shares during the last quarter. Finally, Brooklyn Investment Group grew its holdings in shares of Capri by 267.3% in the first quarter. Brooklyn Investment Group now owns 2,351 shares of the company’s stock valued at $46,000 after purchasing an additional 1,711 shares in the last quarter. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Wall Street Analysts Forecast Growth

CPRI has been the topic of a number of recent research reports. Wall Street Zen raised shares of Capri from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. upgraded shares of Capri from a “neutral” rating to an “overweight” rating and upped their target price for the company from $21.00 to $30.00 in a research report on Wednesday, August 13th. BTIG Research initiated coverage on Capri in a research report on Tuesday. They issued a “buy” rating and a $30.00 price target for the company. Telsey Advisory Group restated a “market perform” rating and set a $22.00 price objective (up from $20.00) on shares of Capri in a research report on Wednesday, August 6th. Finally, UBS Group raised their price objective on Capri from $18.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Six investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Capri has an average rating of “Hold” and an average price target of $24.54.

Capri Price Performance

Shares of CPRI stock opened at $20.02 on Wednesday. The stock has a 50 day moving average price of $20.75 and a 200 day moving average price of $18.38. Capri Holdings Limited has a 52-week low of $11.86 and a 52-week high of $43.20. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.61 and a current ratio of 1.17. The firm has a market capitalization of $2.38 billion, a P/E ratio of -2.13, a P/E/G ratio of 0.43 and a beta of 1.82.

Capri (NYSE:CPRI) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.13 by $0.37. Capri had a negative return on equity of 53.50% and a negative net margin of 26.73%.The company had revenue of $797.00 million for the quarter, compared to the consensus estimate of $773.18 million. During the same quarter in the prior year, the company posted $0.04 EPS. Capri’s quarterly revenue was down 6.0% on a year-over-year basis. As a group, sell-side analysts predict that Capri Holdings Limited will post 0.98 earnings per share for the current 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.