Accurate Wealth Management LLC Acquires 9,620 Shares of Capri Holdings Limited $CPRI

Accurate Wealth Management LLC raised its holdings in Capri Holdings Limited (NYSE:CPRI) by 26.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 46,296 shares of the company’s stock after purchasing an additional 9,620 shares during the quarter. Accurate Wealth Management LLC’s holdings in Capri were worth $819,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CPRI. Deutsche Bank AG raised its position in Capri by 84.3% in the 4th quarter. Deutsche Bank AG now owns 13,263 shares of the company’s stock valued at $279,000 after purchasing an additional 6,065 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Capri by 6.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 341,633 shares of the company’s stock worth $7,195,000 after acquiring an additional 19,799 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Capri during the fourth quarter worth $556,000. PKO Investment Management Joint Stock Co bought a new stake in shares of Capri during the fourth quarter worth $526,000. Finally, Moody National Bank Trust Division raised its position in shares of Capri by 9.8% during the first quarter. Moody National Bank Trust Division now owns 43,857 shares of the company’s stock worth $865,000 after acquiring an additional 3,920 shares during the last quarter. Institutional investors own 84.34% of the company’s stock.

Capri Stock Down 1.1%

Shares of Capri stock opened at $20.23 on Thursday. The company has a quick ratio of 0.61, a current ratio of 1.17 and a debt-to-equity ratio of 3.97. Capri Holdings Limited has a 12 month low of $11.86 and a 12 month high of $43.34. The business has a fifty day simple moving average of $20.37 and a 200 day simple moving average of $18.41. The stock has a market cap of $2.41 billion, a PE ratio of -2.15, a price-to-earnings-growth ratio of 0.44 and a beta of 1.75.

Capri (NYSE:CPRI) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.37. Capri had a negative return on equity of 53.50% and a negative net margin of 26.73%.The business had revenue of $797.00 million during the quarter, compared to analysts’ expectations of $773.18 million. During the same period in the previous year, the firm earned $0.04 earnings per share. The firm’s quarterly revenue was down 6.0% compared to the same quarter last year. Research analysts predict that Capri Holdings Limited will post 0.98 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CPRI shares. JPMorgan Chase & Co. upgraded Capri from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $21.00 to $30.00 in a research report on Wednesday, August 13th. UBS Group boosted their target price on Capri from $18.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Telsey Advisory Group restated a “market perform” rating and set a $22.00 target price (up previously from $20.00) on shares of Capri in a research report on Wednesday, August 6th. Zacks Research upgraded Capri from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 26th. Finally, Wall Street Zen upgraded Capri from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Five research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $24.08.

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.