SG Americas Securities LLC Raises Position in Capri Holdings Limited (NYSE:CPRI)

SG Americas Securities LLC lifted its stake in Capri Holdings Limited (NYSE:CPRI) by 742.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 45,627 shares of the company’s stock after purchasing an additional 40,210 shares during the quarter. SG Americas Securities LLC’s holdings in Capri were worth $2,292,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. Northwestern Mutual Wealth Management Co. boosted its position in shares of Capri by 2.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 11,234 shares of the company’s stock valued at $644,000 after buying an additional 266 shares during the period. Blair William & Co. IL boosted its holdings in Capri by 8.0% during the 1st quarter. Blair William & Co. IL now owns 5,498 shares of the company’s stock valued at $258,000 after acquiring an additional 406 shares during the period. 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 acquiring an additional 440 shares during the last quarter. Captrust Financial Advisors increased its stake in Capri by 5.4% in the fourth quarter. Captrust Financial Advisors now owns 13,166 shares of the company’s stock worth $755,000 after purchasing an additional 676 shares during the period. Finally, M&T Bank Corp lifted its position in shares of Capri by 9.0% during the third quarter. M&T Bank Corp now owns 8,683 shares of the company’s stock worth $457,000 after purchasing an additional 716 shares during the last quarter. Institutional investors own 84.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on CPRI shares. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $57.00 price target on shares of Capri in a research note on Friday, February 9th. StockNews.com began coverage on shares of Capri in a research note on Thursday. They set a “hold” rating for the company. Thirteen equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Capri currently has an average rating of “Hold” and a consensus price target of $50.50.

Capri Stock Up 1.1 %

NYSE:CPRI opened at $45.26 on Thursday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.49 and a current ratio of 1.06. The stock has a market capitalization of $5.28 billion, a P/E ratio of 25.43, a P/E/G ratio of 10.48 and a beta of 2.03. The company’s 50-day simple moving average is $47.05 and its 200-day simple moving average is $49.22. Capri Holdings Limited has a fifty-two week low of $34.17 and a fifty-two week high of $54.52.

Capri (NYSE:CPRI) last announced its earnings results 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). The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.48 billion. Capri had a net margin of 3.96% and a return on equity of 25.79%. Capri’s revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the business earned $1.84 earnings per share. On average, equities analysts anticipate that Capri Holdings Limited will post 3.8 earnings per share for the current fiscal 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.