Virtu Financial LLC Invests $606,000 in Capri Holdings Limited (NYSE:CPRI)

Virtu Financial LLC acquired a new stake in Capri Holdings Limited (NYSE:CPRI) in the 4th quarter, Holdings Channel reports. The firm acquired 28,778 shares of the company’s stock, valued at approximately $606,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CPRI. Sunbelt Securities Inc. purchased a new stake in shares of Capri in the third quarter valued at about $42,000. Quarry LP purchased a new stake in Capri in the 3rd quarter valued at approximately $53,000. Twin Tree Management LP acquired a new stake in Capri during the 4th quarter valued at $45,000. KBC Group NV increased its position in Capri by 63.9% during the fourth quarter. KBC Group NV now owns 5,039 shares of the company’s stock worth $106,000 after buying an additional 1,965 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Capri in the third quarter worth $224,000. 84.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently commented on the company. JPMorgan Chase & Co. increased 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. Wells Fargo & Company raised their price target on shares of Capri from $28.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Barclays cut their price objective on shares of Capri from $21.00 to $19.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Bank of America began coverage on shares of Capri in a research report on Monday, February 10th. They set a “neutral” rating and a $23.00 target price on the stock. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $23.00 price target on shares of Capri in a report on Thursday, February 20th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Capri currently has an average rating of “Hold” and a consensus target price of $25.92.

Capri Stock Down 1.1 %

Shares of NYSE CPRI opened at $21.04 on Wednesday. The stock has a market capitalization of $2.48 billion, a PE ratio of -2.46, a P/E/G 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. The firm has a fifty day moving average of $22.40 and a 200-day moving average of $26.47. Capri Holdings Limited has a 52-week low of $18.53 and a 52-week high of $46.09.

Capri (NYSE:CPRI) last issued its earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates 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 period last year, the firm posted $1.20 earnings per share. On average, analysts anticipate that Capri Holdings Limited will post 0.98 EPS for the current year.

Capri 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.