Capri Holdings Limited $CPRI Stock: Penn Capital Management Company LLC Boosts Stake

Penn Capital Management Company LLC grew its stake in shares of Capri Holdings Limited (NYSE:CPRI) by 23.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,177,562 shares of the company’s stock after acquiring an additional 226,159 shares during the period. Penn Capital Management Company LLC owned about 1.14% of Capri worth $16,653,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Kestra Investment Management LLC bought a new stake in shares of Capri in the 3rd quarter worth about $506,000. Hohimer Wealth Management LLC bought a new position in shares of Capri during the third quarter worth about $1,140,000. Parallel Advisors LLC lifted its position in shares of Capri by 308.9% during the third quarter. Parallel Advisors LLC now owns 3,680 shares of the company’s stock worth $52,000 after purchasing an additional 2,780 shares during the last quarter. Kestra Advisory Services LLC acquired a new position in Capri in the third quarter worth about $287,000. Finally, Commonwealth Equity Services LLC grew its stake in Capri by 4.5% in the third quarter. Commonwealth Equity Services LLC now owns 11,863 shares of the company’s stock worth $168,000 after purchasing an additional 512 shares in the last quarter. 84.34% of the stock is owned by institutional investors and hedge funds.

Capri Trading Up 4.1%

NYSE CPRI opened at $21.38 on Tuesday. Capri Holdings Limited has a one year low of $12.40 and a one year high of $28.26. The company has a 50-day simple moving average of $15.49 and a 200-day simple moving average of $17.77. The company has a debt-to-equity ratio of 6.31, a quick ratio of 0.50 and a current ratio of 1.18. The firm has a market capitalization of $2.21 billion, a PE ratio of 12.08, a price-to-earnings-growth ratio of 0.44 and a beta of 1.27.

Capri (NYSE:CPRI) last announced its quarterly earnings data on Saturday, October 31st. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.21 by $0.21. The business had revenue of $809.00 million during the quarter, compared to the consensus estimate of $786.55 million. Capri had a net margin of 6.12% and a return on equity of 242.96%. The company’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.03) EPS. On average, equities analysts forecast that Capri Holdings Limited will post 2.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CPRI shares. Wells Fargo & Company boosted their price objective on Capri from $16.00 to $18.00 and gave the company an “equal weight” rating in a report on Monday, November 2nd. Telsey Advisory Group decreased their target price on Capri from $21.00 to $18.00 and set a “market perform” rating for the company in a research report on Thursday, August 6th. Barclays lifted their target price on Capri from $19.00 to $24.00 and gave the stock an “overweight” rating in a research report on Monday, November 2nd. BTIG Research lowered their price target on Capri from $30.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, August 6th. Finally, The Goldman Sachs Group upped their price target on Capri from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, November 2nd. Two investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Capri currently has a consensus rating of “Hold” and a consensus target price of $22.53.

Capri Company Profile

Capri Holdings Limited is a global fashion group focused on designing, marketing and distributing luxury apparel, footwear, handbags, accessories and related products. Its portfolio includes Michael Kors and Jimmy Choo, whose products are sold through company-operated stores, e-commerce platforms and wholesale partners.

The company serves customers in markets around the world, including North America, Europe and Asia. Its brands offer a range of products, including ready-to-wear clothing, shoes, bags, watches, eyewear, jewelry and fragrances.

Capri was previously known as Michael Kors Holdings Limited and adopted its current name in 2018, when it expanded its portfolio to include Versace.