Proficio Capital Partners LLC Invests $344,000 in Capri Holdings Limited (NYSE:CPRI)

Proficio Capital Partners LLC purchased a new stake in shares of Capri Holdings Limited (NYSE:CPRI) during the fourth quarter, Holdings Channel.com reports. The fund purchased 16,343 shares of the company’s stock, valued at approximately $344,000.

A number of other large investors also recently made changes to their positions in CPRI. Pacer Advisors Inc. grew its stake in Capri by 22,554.7% in the 4th quarter. Pacer Advisors Inc. now owns 3,902,960 shares of the company’s stock valued at $82,196,000 after purchasing an additional 3,885,732 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Capri in the 4th quarter worth about $48,953,000. FMR LLC grew its position in Capri by 389.2% during the third quarter. FMR LLC now owns 2,858,480 shares of the company’s stock valued at $121,314,000 after buying an additional 2,274,149 shares during the period. Oddo BHF Asset Management Sas purchased a new stake in Capri during the third quarter worth about $25,888,000. Finally, Lind Value II ApS bought a new stake in Capri in the fourth quarter worth about $9,087,000. 84.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on CPRI shares. Guggenheim reissued a “buy” rating and set a $30.00 target price on shares of Capri in a research report on Wednesday, February 12th. Wells Fargo & Company increased their price objective on Capri from $28.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, January 27th. StockNews.com upgraded Capri from a “sell” rating to a “hold” rating in a research note on Friday, February 7th. BMO Capital Markets upgraded Capri from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $25.00 to $31.00 in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. boosted their price objective on Capri from $15.00 to $19.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $25.92.

Capri Stock Down 1.1 %

CPRI stock opened at $21.04 on Wednesday. The stock has a 50-day simple moving average of $22.40 and a two-hundred day simple moving average of $26.47. Capri Holdings Limited has a twelve month low of $18.53 and a twelve month high of $46.09. The firm has a market capitalization of $2.48 billion, a PE ratio of -2.46, a PEG ratio of 7.80 and a beta of 2.10. The company has a quick ratio of 0.59, a current ratio of 1.21 and a debt-to-equity ratio of 1.36.

Capri (NYSE:CPRI) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.45 EPS 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 in the previous year, the firm posted $1.20 EPS. On average, equities analysts predict that Capri Holdings Limited will post 0.98 EPS for the current fiscal year.

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.