Fifth Third Bancorp Purchases 1,365 Shares of Capri Holdings Limited (NYSE:CPRI)

Fifth Third Bancorp boosted its position in Capri Holdings Limited (NYSE:CPRI) by 139.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,343 shares of the company’s stock after acquiring an additional 1,365 shares during the quarter. Fifth Third Bancorp’s holdings in Capri were worth $46,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its stake in Capri by 758.1% in the first quarter. Farther Finance Advisors LLC now owns 1,433 shares of the company’s stock valued at $28,000 after acquiring an additional 1,266 shares during the last quarter. UMB Bank n.a. increased its stake in Capri by 134.9% in the first quarter. UMB Bank n.a. now owns 1,776 shares of the company’s stock valued at $35,000 after acquiring an additional 1,020 shares during the last quarter. Twin Tree Management LP bought a new stake in shares of Capri during the fourth quarter worth $45,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Capri during the fourth quarter worth $74,000. Finally, Sterling Capital Management LLC grew its stake in shares of Capri by 58.9% during the fourth quarter. Sterling Capital Management LLC now owns 6,872 shares of the company’s stock worth $145,000 after buying an additional 2,546 shares during the last quarter. 84.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CPRI. Robert W. Baird decreased their target price on shares of Capri from $26.00 to $18.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $20.00 target price (up previously from $17.00) on shares of Capri in a research note on Wednesday, May 28th. UBS Group boosted their target price on shares of Capri from $14.00 to $18.00 and gave the stock a “neutral” rating in a research note on Thursday, May 29th. JPMorgan Chase & Co. decreased their target price on shares of Capri from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, May 29th. Finally, Wells Fargo & Company decreased their target price on shares of Capri from $30.00 to $25.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Capri currently has an average rating of “Hold” and a consensus price target of $22.50.

Capri Price Performance

Shares of NYSE:CPRI opened at $16.83 on Friday. The firm has a market cap of $1.98 billion, a PE ratio of -1.69, a price-to-earnings-growth ratio of 0.35 and a beta of 1.70. The firm’s fifty day moving average is $16.50 and its 200-day moving average is $19.59. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.49 and a current ratio of 1.14. Capri Holdings Limited has a 52 week low of $11.86 and a 52 week high of $43.34.

Capri (NYSE:CPRI) last issued its quarterly earnings results on Wednesday, May 28th. The company reported ($4.90) EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($5.12). The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $989.05 million. Capri had a negative return on equity of 39.55% and a negative net margin of 26.61%. Capri’s revenue for the quarter was down 15.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.42 EPS. Sell-side analysts predict that Capri Holdings Limited will post 0.98 earnings per share 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.