Quantitative Systematic Strategies LLC Acquires 10,808 Shares of Capri Holdings Ltd (NYSE:CPRI)

Quantitative Systematic Strategies LLC increased its holdings in shares of Capri Holdings Ltd (NYSE:CPRI) by 73.6% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 25,490 shares of the company’s stock after purchasing an additional 10,808 shares during the period. Quantitative Systematic Strategies LLC’s holdings in Capri were worth $884,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in Capri during the first quarter valued at approximately $468,066,000. AQR Capital Management LLC purchased a new stake in Capri during the first quarter valued at approximately $405,282,000. FMR LLC purchased a new stake in Capri during the first quarter valued at approximately $312,693,000. Geode Capital Management LLC purchased a new stake in Capri during the fourth quarter valued at approximately $89,438,000. Finally, Northern Trust Corp purchased a new stake in Capri during the first quarter valued at approximately $94,128,000. Hedge funds and other institutional investors own 86.48% of the company’s stock.

Shares of NYSE CPRI traded up $0.13 during midday trading on Wednesday, reaching $31.72. The company had a trading volume of 106,320 shares, compared to its average volume of 2,361,115. The company’s 50-day moving average is $35.02. The company has a market cap of $5.01 billion, a PE ratio of 6.38, a P/E/G ratio of 1.03 and a beta of 0.73. Capri Holdings Ltd has a 1 year low of $31.08 and a 1 year high of $75.96. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.50 and a current ratio of 1.12.

Capri (NYSE:CPRI) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.95 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.90 by $0.05. Capri had a net margin of 10.36% and a return on equity of 33.75%. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.37 billion. During the same quarter last year, the company posted $1.32 earnings per share. The business’s quarterly revenue was up 11.9% on a year-over-year basis. Equities analysts expect that Capri Holdings Ltd will post 4.95 EPS for the current year.

In other Capri news, CFO Thomas Jr. Edwards bought 11,600 shares of Capri stock in a transaction that occurred on Tuesday, June 4th. The stock was purchased at an average price of $34.41 per share, with a total value of $399,156.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John D. Idol bought 615,000 shares of Capri stock in a transaction that occurred on Monday, June 3rd. The shares were acquired at an average cost of $32.57 per share, with a total value of $20,030,550.00. The disclosure for this purchase can be found here. Company insiders own 5.30% of the company’s stock.

CPRI has been the subject of a number of analyst reports. Argus initiated coverage on shares of Capri in a research report on Wednesday, June 12th. They set a “hold” rating for the company. Wells Fargo & Co decreased their price target on shares of Capri from $48.00 to $40.00 and set a “market perform” rating for the company in a report on Thursday, May 30th. Credit Suisse Group decreased their price target on shares of Capri from $52.00 to $40.00 and set a “neutral” rating for the company in a report on Thursday, May 30th. They noted that the move was a valuation call. Nomura decreased their price target on shares of Capri from $76.00 to $60.00 and set a “buy” rating for the company in a report on Wednesday, June 5th. Finally, MKM Partners decreased their price target on shares of Capri to $40.00 and set a “neutral” rating for the company in a report on Wednesday, June 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $52.00.

About Capri

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.

Further Reading: What is the market perform rating?

Institutional Ownership by Quarter for Capri (NYSE:CPRI)

Receive News & Ratings for Capri Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capri and related companies with MarketBeat.com's FREE daily email newsletter.