Quantbot Technologies LP Makes New $2.32 Million Investment in Capri Holdings Limited (NYSE:CPRI)

Quantbot Technologies LP acquired a new position in shares of Capri Holdings Limited (NYSE:CPRI) during the fourth quarter, Holdings Channel reports. The fund acquired 109,990 shares of the company’s stock, valued at approximately $2,316,000.

A number of other hedge funds have also recently bought and sold shares of CPRI. Primecap Management Co. CA boosted its holdings in shares of Capri by 13.2% in the 4th quarter. Primecap Management Co. CA now owns 4,688,333 shares of the company’s stock worth $98,736,000 after buying an additional 547,578 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Capri by 22,554.7% in the 4th quarter. Pacer Advisors Inc. now owns 3,902,960 shares of the company’s stock worth $82,196,000 after buying an additional 3,885,732 shares during the last quarter. FMR LLC boosted its holdings in shares of Capri by 389.2% in the 3rd quarter. FMR LLC now owns 2,858,480 shares of the company’s stock worth $121,314,000 after buying an additional 2,274,149 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Capri in the 4th quarter worth about $48,953,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Capri by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,942,145 shares of the company’s stock worth $82,446,000 after buying an additional 41,009 shares during the last quarter. 84.34% of the stock is owned by hedge funds and other institutional investors.

Capri Stock Down 1.3 %

CPRI opened at $20.23 on Monday. The company has a fifty day moving average price of $22.45 and a 200-day moving average price of $26.57. The firm has a market capitalization of $2.38 billion, a P/E ratio of -2.37, a price-to-earnings-growth ratio of 7.80 and a beta of 2.10. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.21 and a quick ratio of 0.59. Capri Holdings Limited has a one year low of $18.53 and a one year high of $46.09.

Capri (NYSE:CPRI) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.27). Capri had a negative net margin of 21.79% and a positive return on equity of 12.89%. During the same quarter in the previous year, the business earned $1.20 EPS. Equities research analysts expect that Capri Holdings Limited will post 0.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CPRI has been the topic of a number of research reports. BMO Capital Markets upgraded Capri from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $25.00 to $31.00 in a research note on Monday, January 6th. Wells Fargo & Company increased their target price on shares of Capri from $28.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. Telsey Advisory Group reiterated a “market perform” rating and issued a $23.00 price objective on shares of Capri in a research note on Thursday, February 20th. StockNews.com upgraded shares of Capri from a “sell” rating to a “hold” rating in a research note on Friday, February 7th. Finally, Citigroup upgraded shares of Capri from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $21.00 to $29.00 in a research note on Friday, January 10th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Capri has an average rating of “Hold” and an average target price of $25.92.

About Capri

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.