Natixis Advisors LLC Purchases Shares of 434,350 Capri Holdings Limited (NYSE:CPRI)

Natixis Advisors LLC purchased a new stake in Capri Holdings Limited (NYSE:CPRI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 434,350 shares of the company’s stock, valued at approximately $9,148,000.

A number of other large investors also recently modified their holdings of the company. Avior Wealth Management LLC raised its holdings in shares of Capri by 15.2% during the 3rd quarter. Avior Wealth Management LLC now owns 4,033 shares of the company’s stock valued at $171,000 after buying an additional 533 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Capri by 1.8% during the 4th quarter. Arizona State Retirement System now owns 34,185 shares of the company’s stock valued at $720,000 after buying an additional 596 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of Capri by 3.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 21,767 shares of the company’s stock valued at $458,000 after buying an additional 643 shares in the last quarter. KBC Group NV raised its holdings in shares of Capri by 26.9% during the 3rd quarter. KBC Group NV now owns 3,074 shares of the company’s stock valued at $130,000 after buying an additional 652 shares in the last quarter. Finally, Sunbelt Securities Inc. purchased a new position in shares of Capri during the 3rd quarter valued at about $42,000. 84.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CPRI has been the topic of a number of research reports. Barclays decreased their price objective on Capri from $21.00 to $19.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Bank of America started coverage on Capri in a research report on Monday, February 10th. They set a “neutral” rating and a $23.00 price target on the stock. Wells Fargo & Company raised their price target on Capri from $28.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. StockNews.com upgraded Capri from a “sell” rating to a “hold” rating in a research report on Friday, February 7th. Finally, Jefferies Financial Group raised their price target on Capri from $20.00 to $23.00 and gave the stock a “hold” rating in a research report on Tuesday, January 28th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $25.92.

Capri Price Performance

Shares of CPRI stock opened at $20.53 on Friday. The firm has a market cap of $2.42 billion, a P/E ratio of -2.40, a P/E/G ratio of 7.80 and a beta of 2.10. Capri Holdings Limited has a fifty-two week low of $18.53 and a fifty-two week high of $46.09. The business’s 50 day moving average price is $22.52 and its 200-day moving average price is $26.81. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.59 and a current ratio of 1.21.

Capri (NYSE:CPRI) last issued its quarterly earnings data 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 positive return on equity of 12.89% and a negative net margin of 21.79%. During the same period in the prior year, the business earned $1.20 earnings per share. On average, equities research analysts anticipate 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.