LexAurum Advisors LLC Makes New $211,000 Investment in Capri Holdings Limited (NYSE:CPRI)

LexAurum Advisors LLC acquired a new stake in shares of Capri Holdings Limited (NYSE:CPRI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,000 shares of the company’s stock, valued at approximately $211,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in CPRI. Sunbelt Securities Inc. purchased a new stake in Capri during the 3rd quarter valued at $42,000. Quarry LP bought a new position in shares of Capri during the third quarter valued at about $53,000. KBC Group NV boosted its holdings in shares of Capri by 26.9% during the third quarter. KBC Group NV now owns 3,074 shares of the company’s stock worth $130,000 after purchasing an additional 652 shares during the period. CWM LLC grew its stake in shares of Capri by 26.9% in the third quarter. CWM LLC now owns 3,112 shares of the company’s stock worth $132,000 after purchasing an additional 660 shares during the last quarter. Finally, Avior Wealth Management LLC increased its holdings in Capri by 15.2% during the 3rd quarter. Avior Wealth Management LLC now owns 4,033 shares of the company’s stock valued at $171,000 after purchasing an additional 533 shares during the period. Institutional investors own 84.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CPRI. Robert W. Baird dropped their price objective on Capri from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Friday, November 8th. TD Cowen cut their price target on shares of Capri from $57.00 to $22.00 and set a “hold” rating on the stock in a report on Friday, November 15th. Telsey Advisory Group decreased their price objective on shares of Capri from $26.00 to $23.00 and set a “market perform” rating for the company in a report on Friday, November 15th. Wells Fargo & Company raised shares of Capri from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $20.00 to $28.00 in a research note on Friday, January 10th. Finally, Guggenheim raised shares of Capri from a “neutral” rating to a “buy” rating and set a $30.00 price target for the company in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $27.55.

Capri Stock Performance

Shares of CPRI opened at $24.93 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.93 and a debt-to-equity ratio of 0.83. The stock has a market cap of $2.94 billion, a P/E ratio of -8.15, a P/E/G ratio of 5.20 and a beta of 2.06. The business’s 50 day moving average price is $22.12 and its 200-day moving average price is $29.93. Capri Holdings Limited has a 52 week low of $18.70 and a 52 week high of $49.43.

Capri (NYSE:CPRI) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.09). Capri had a negative net margin of 7.44% and a positive return on equity of 16.54%. The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the previous year, the firm posted $1.13 EPS. Equities research analysts anticipate that Capri Holdings Limited will post 1.65 earnings per share for the current fiscal year.

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.