Oakbrook Investments LLC bought a new stake in shares of Capri Holdings Ltd (NYSE:CPRI) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 16,110 shares of the company’s stock, valued at approximately $737,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of CPRI. Geode Capital Management LLC bought a new stake in Capri in the fourth quarter worth $89,438,000. Portland Hill Asset Management Ltd bought a new stake in Capri in the first quarter worth $7,995,000. Martingale Asset Management L P bought a new stake in Capri in the fourth quarter worth $6,406,000. Nisa Investment Advisors LLC bought a new stake in Capri in the fourth quarter worth $3,845,000. Finally, Nuveen Asset Management LLC bought a new stake in Capri in the fourth quarter worth $3,367,000. Hedge funds and other institutional investors own 80.33% of the company’s stock.
CPRI has been the subject of a number of analyst reports. Barclays initiated coverage on Capri in a research report on Tuesday, February 26th. They issued an “overweight” rating and a $53.00 price target for the company. ValuEngine upgraded Capri from a “strong sell” rating to a “sell” rating in a research report on Wednesday, March 6th. Goldman Sachs Group began coverage on Capri in a research report on Friday, January 11th. They set a “neutral” rating and a $45.00 target price for the company. Wolfe Research reiterated an “outperform” rating and set a $53.00 target price (down from $63.00) on shares of Capri in a research report on Friday, February 1st. Finally, Canaccord Genuity set a $76.00 target price on Capri and gave the stock a “buy” rating in a research report on Saturday, February 2nd. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. Capri has a consensus rating of “Hold” and a consensus target price of $57.60.
Capri (NYSE:CPRI) last released its earnings results on Wednesday, February 6th. The company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.57 by $0.19. Capri had a return on equity of 35.44% and a net margin of 11.19%. The business had revenue of $1.44 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period last year, the company earned $1.77 earnings per share. The business’s revenue for the quarter was down .1% compared to the same quarter last year. On average, sell-side analysts anticipate that Capri Holdings Ltd will post 4.95 earnings per share for the current year.
In other news, SVP Cathy Marie Robinson sold 3,648 shares of the firm’s stock in a transaction on Friday, February 8th. The stock was sold at an average price of $47.00, for a total transaction of $171,456.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 6.00% of the company’s stock.
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Capri Holdings Limited design, markets, distributes, and retails branded women's and men's apparel and accessories. It operates in four segments: MK Retail, MK Wholesale, MK Licensing, and Jimmy Choo. The MK Retail segment sells women's apparel; handbags and small leather goods; men's apparel; footwear; and licensed products comprising watches, jewelry, fragrances, and beauty and eyewear.
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