11,000 Shares in Capri Holdings Limited (NYSE:CPRI) Purchased by Contrarian Capital Management L.L.C.

Contrarian Capital Management L.L.C. acquired a new stake in shares of Capri Holdings Limited (NYSE:CPRI) during the fourth quarter, Holdings Channel reports. The firm acquired 11,000 shares of the company’s stock, valued at approximately $232,000.

A number of other hedge funds have also modified their holdings of the stock. Arizona State Retirement System grew its position in Capri by 1.8% during the 4th quarter. Arizona State Retirement System now owns 34,185 shares of the company’s stock worth $720,000 after acquiring an additional 596 shares during the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of Capri by 3.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 21,767 shares of the company’s stock valued at $458,000 after buying an additional 643 shares during the last quarter. Xponance Inc. lifted its position in Capri by 5.7% during the 4th quarter. Xponance Inc. now owns 14,056 shares of the company’s stock worth $296,000 after buying an additional 757 shares in the last quarter. M&T Bank Corp grew its holdings in Capri by 21.5% during the 3rd quarter. M&T Bank Corp now owns 8,419 shares of the company’s stock worth $357,000 after acquiring an additional 1,488 shares during the last quarter. Finally, KBC Group NV increased its position in Capri by 63.9% in the 4th quarter. KBC Group NV now owns 5,039 shares of the company’s stock valued at $106,000 after acquiring an additional 1,965 shares in the last quarter. 84.34% of the stock is owned by institutional investors and hedge funds.

Capri Trading Up 3.5 %

NYSE:CPRI opened at $13.74 on Friday. The business’s 50-day simple moving average is $19.53 and its 200-day simple moving average is $23.84. Capri Holdings Limited has a fifty-two week low of $11.86 and a fifty-two week high of $43.34. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.21 and a quick ratio of 0.59. The stock has a market capitalization of $1.62 billion, a PE ratio of -1.61, a price-to-earnings-growth ratio of 7.80 and a beta of 1.77.

Capri (NYSE:CPRI) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate 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 last year, the firm posted $1.20 earnings per share. Sell-side analysts expect that Capri Holdings Limited will post 0.98 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently commented on CPRI shares. Citigroup raised shares of Capri from a “neutral” rating to a “buy” rating and increased their price target for the company from $21.00 to $29.00 in a research note on Friday, January 10th. Robert W. Baird cut their price target on Capri from $26.00 to $18.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. Barclays lowered their price objective on Capri from $19.00 to $13.00 and set an “equal weight” rating for the company in a research report on Thursday, April 10th. Wells Fargo & Company lowered their price target on shares of Capri from $30.00 to $25.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. Finally, Telsey Advisory Group dropped their target price on shares of Capri from $23.00 to $17.00 and set a “market perform” rating for the company in a research report on Friday, April 11th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $24.08.

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.