Capri Holdings Limited (NYSE:CPRI) Position Increased by Potrero Capital Research LLC

Potrero Capital Research LLC boosted its stake in shares of Capri Holdings Limited (NYSE:CPRI) by 211.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 410,194 shares of the company’s stock after purchasing an additional 278,662 shares during the period. Capri makes up about 5.5% of Potrero Capital Research LLC’s portfolio, making the stock its 5th biggest position. Potrero Capital Research LLC’s holdings in Capri were worth $17,409,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd acquired a new stake in Capri during the 3rd quarter worth about $224,000. Riverwater Partners LLC acquired a new stake in Capri during the 3rd quarter worth about $1,030,000. Senvest Management LLC acquired a new stake in Capri during the 3rd quarter worth about $6,610,000. Primecap Management Co. CA grew its position in Capri by 14.2% during the 3rd quarter. Primecap Management Co. CA now owns 4,140,755 shares of the company’s stock worth $175,734,000 after purchasing an additional 515,963 shares during the period. Finally, Anthracite Investment Company Inc. acquired a new stake in Capri during the 3rd quarter worth about $7,869,000. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Capri Trading Down 2.2 %

Shares of Capri stock opened at $22.86 on Wednesday. The company has a current ratio of 0.93, a quick ratio of 0.38 and a debt-to-equity ratio of 0.83. The firm’s 50-day moving average price is $30.27 and its 200 day moving average price is $32.86. Capri Holdings Limited has a twelve month low of $18.70 and a twelve month high of $51.23. The firm has a market capitalization of $2.69 billion, a PE ratio of -7.47, a P/E/G ratio of 4.98 and a beta of 2.05.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. TD Cowen cut their price target on Capri from $57.00 to $22.00 and set a “hold” rating on the stock in a research report on Friday, November 15th. Telsey Advisory Group lowered their target price on shares of Capri from $26.00 to $23.00 and set a “market perform” rating on the stock in a research note on Friday, November 15th. Guggenheim raised shares of Capri from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Tuesday, November 26th. JPMorgan Chase & Co. lowered their target price on shares of Capri from $57.00 to $22.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Finally, StockNews.com lowered shares of Capri from a “hold” rating to a “sell” rating in a research note on Tuesday, August 27th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $28.20.

About Capri

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.