Sunbelt Securities Inc. Acquires New Shares in Capri Holdings Limited (NYSE:CPRI)

Sunbelt Securities Inc. bought a new position in shares of Capri Holdings Limited (NYSE:CPRI) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 981 shares of the company’s stock, valued at approximately $42,000.

Several other large investors also recently bought and sold shares of CPRI. FMR LLC boosted its position in shares of Capri by 389.2% in the 3rd quarter. FMR LLC now owns 2,858,480 shares of the company’s stock worth $121,314,000 after buying an additional 2,274,149 shares in the last quarter. Baupost Group LLC MA purchased a new stake in shares of Capri in the second quarter valued at about $33,080,000. DME Capital Management LP acquired a new stake in shares of Capri in the second quarter valued at approximately $22,652,000. Primecap Management Co. CA increased its stake in shares of 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 in the last quarter. Finally, Cinctive Capital Management LP acquired a new position in shares of Capri during the 3rd quarter worth approximately $12,689,000. Institutional investors and hedge funds own 84.34% of the company’s stock.

Wall Street Analyst Weigh In

CPRI has been the subject of several recent research reports. StockNews.com downgraded Capri from a “hold” rating to a “sell” rating in a research report on Tuesday, August 27th. UBS Group cut their target price on shares of Capri from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Wednesday, September 11th. Barclays reaffirmed an “equal weight” rating and set a $21.00 price target on shares of Capri in a research note on Wednesday, November 20th. TD Cowen cut their price objective on shares of Capri from $57.00 to $22.00 and set a “hold” rating for the company in a research report on Friday, November 15th. Finally, Telsey Advisory Group decreased 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 report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Capri currently has an average rating of “Hold” and a consensus target price of $28.20.

Capri Stock Down 1.2 %

Shares of CPRI opened at $21.36 on Monday. Capri Holdings Limited has a fifty-two week low of $18.70 and a fifty-two week high of $51.23. The company’s fifty day moving average is $27.24 and its two-hundred day moving average is $32.15. The firm has a market cap of $2.52 billion, a PE ratio of -6.98, a price-to-earnings-growth ratio of 4.63 and a beta of 2.05. The company has a quick ratio of 0.38, a current ratio of 0.93 and a debt-to-equity ratio of 0.83.

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.