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

Virtu Financial LLC bought a new stake in Capri Holdings Limited (NYSE:CPRI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 28,778 shares of the company’s stock, valued at approximately $606,000.

A number of other hedge funds have also recently modified their holdings of CPRI. Sunbelt Securities Inc. acquired a new position in Capri in the third quarter valued at $42,000. Twin Tree Management LP purchased a new stake in shares of Capri in the 4th quarter valued at about $45,000. Quarry LP acquired a new stake in shares of Capri in the 3rd quarter valued at about $53,000. KBC Group NV grew its stake in Capri by 63.9% during the 4th quarter. KBC Group NV now owns 5,039 shares of the company’s stock worth $106,000 after buying an additional 1,965 shares during the last quarter. Finally, LexAurum Advisors LLC acquired a new position in Capri during the fourth quarter worth approximately $211,000. 84.34% of the stock is owned by hedge funds and other institutional investors.

Capri Price Performance

Shares of CPRI opened at $21.04 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36. The stock’s 50 day moving average is $22.40 and its two-hundred day moving average is $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 P/E/G ratio of 7.80 and a beta of 2.10.

Capri (NYSE:CPRI) last posted its quarterly 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 in the previous year, the company earned $1.20 earnings per share. Research analysts anticipate that Capri Holdings Limited will post 0.98 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on CPRI. Citigroup upgraded shares of Capri from a “neutral” rating to a “buy” rating and raised their target price for the stock from $21.00 to $29.00 in a research report on Friday, January 10th. JPMorgan Chase & Co. raised their price objective on shares of Capri from $15.00 to $19.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. Guggenheim reaffirmed a “buy” rating and issued a $30.00 target price on shares of Capri in a report on Wednesday, February 12th. Barclays lowered their price target on Capri from $21.00 to $19.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Finally, Jefferies Financial Group boosted their price target on Capri from $20.00 to $23.00 and gave the company a “hold” rating in a research report on Tuesday, January 28th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $25.92.

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.