Cannon Global Investment Management LLC Acquires Shares of 14,500 Capri Holdings Limited (NYSE:CPRI)

Cannon Global Investment Management LLC acquired a new stake in shares of Capri Holdings Limited (NYSE:CPRI) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 14,500 shares of the company’s stock, valued at approximately $728,000. Capri accounts for about 5.5% of Cannon Global Investment Management LLC’s investment portfolio, making the stock its 4th biggest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Itau Unibanco Holding S.A. purchased a new stake in shares of Capri in the 2nd quarter worth about $63,000. U S Global Investors Inc. purchased a new stake in shares of Capri in the 4th quarter worth about $75,000. Fifth Third Bancorp grew its position in Capri by 34.0% during the 3rd quarter. Fifth Third Bancorp now owns 1,735 shares of the company’s stock valued at $91,000 after purchasing an additional 440 shares during the last quarter. EMC Capital Management purchased a new stake in Capri during the 3rd quarter valued at about $96,000. Finally, Apollon Wealth Management LLC purchased a new stake in Capri during the 1st quarter valued at about $202,000. 84.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Telsey Advisory Group reissued a “market perform” rating and set a $57.00 price objective on shares of Capri in a research report on Friday, February 9th. StockNews.com assumed coverage on shares of Capri in a research report on Saturday, April 13th. They set a “hold” rating on the stock. Finally, OTR Global reissued a “mixed” rating on shares of Capri in a research report on Wednesday. Thirteen analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $50.50.

Capri Stock Performance

CPRI traded down $0.03 during midday trading on Friday, hitting $37.80. 462,392 shares of the company traded hands, compared to its average volume of 1,217,757. The company has a quick ratio of 0.49, a current ratio of 1.06 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $4.41 billion, a PE ratio of 21.18, a price-to-earnings-growth ratio of 7.68 and a beta of 2.03. The company’s 50-day moving average is $45.10 and its 200 day moving average is $48.13. Capri Holdings Limited has a 52 week low of $34.17 and a 52 week high of $54.52.

Capri (NYSE:CPRI) last issued its quarterly earnings data on Thursday, February 8th. The company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.54). Capri had a return on equity of 25.79% and a net margin of 3.96%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the company earned $1.84 EPS. Capri’s revenue for the quarter was down 5.6% on a year-over-year basis. On average, research analysts expect that Capri Holdings Limited will post 3.8 EPS for the current 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.