Readystate Asset Management LP Raises Holdings in Capri Holdings Limited (NYSE:CPRI)

Readystate Asset Management LP grew its position in shares of Capri Holdings Limited (NYSE:CPRI) by 94.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 185,520 shares of the company’s stock after buying an additional 90,120 shares during the period. Readystate Asset Management LP’s holdings in Capri were worth $9,321,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in CPRI. AlphaCrest Capital Management LLC lifted its position in shares of Capri by 65.6% during the 1st quarter. AlphaCrest Capital Management LLC now owns 7,288 shares of the company’s stock valued at $375,000 after buying an additional 2,888 shares during the last quarter. Great West Life Assurance Co. Can purchased a new stake in Capri during the 1st quarter worth about $4,352,000. Dimensional Fund Advisors LP lifted its holdings in Capri by 4.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,198,021 shares of the company’s stock worth $112,981,000 after purchasing an additional 102,439 shares in the last quarter. Bridgefront Capital LLC purchased a new stake in Capri during the 1st quarter worth about $271,000. Finally, Pearl River Capital LLC purchased a new stake in Capri during the 1st quarter worth about $227,000. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Capri Price Performance

Shares of Capri stock traded down $1.06 during trading on Wednesday, hitting $37.87. 3,737,367 shares of the stock traded hands, compared to its average volume of 1,221,997. The company has a quick ratio of 0.49, a current ratio of 1.06 and a debt-to-equity ratio of 0.71. The stock has a market cap of $4.41 billion, a price-to-earnings ratio of 21.28, a PEG ratio of 7.98 and a beta of 2.03. The firm’s fifty day moving average is $45.30 and its 200-day moving average is $48.20. Capri Holdings Limited has a 52 week low of $34.17 and a 52 week high of $54.52.

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

Analysts Set New Price Targets

A number of analysts recently issued reports on CPRI shares. StockNews.com started coverage on Capri in a report on Saturday. They set a “hold” rating on the stock. OTR Global reissued a “mixed” rating on shares of Capri in a report on Wednesday. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $57.00 price objective on shares of Capri in a report on Friday, February 9th. Thirteen investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $50.50.

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.