Ingalls & Snyder LLC Grows Stake in Capri Holdings Limited (NYSE:CPRI)

Ingalls & Snyder LLC raised its holdings in shares of Capri Holdings Limited (NYSE:CPRI) by 209.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 92,250 shares of the company’s stock after purchasing an additional 62,450 shares during the period. Ingalls & Snyder LLC’s holdings in Capri were worth $1,943,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Avior Wealth Management LLC grew its position in Capri by 15.2% during the 3rd quarter. Avior Wealth Management LLC now owns 4,033 shares of the company’s stock worth $171,000 after purchasing an additional 533 shares during the last quarter. Exchange Traded Concepts LLC grew its holdings in shares of Capri by 3.0% during the fourth 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 during the last quarter. KBC Group NV increased its position in shares of Capri by 26.9% in the 3rd quarter. KBC Group NV now owns 3,074 shares of the company’s stock valued at $130,000 after acquiring an additional 652 shares during the period. CWM LLC raised its stake in Capri by 26.9% in the 3rd quarter. CWM LLC now owns 3,112 shares of the company’s stock worth $132,000 after acquiring an additional 660 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its position in Capri by 12.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 7,260 shares of the company’s stock worth $308,000 after acquiring an additional 775 shares during the period. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CPRI. BMO Capital Markets upgraded Capri from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $25.00 to $31.00 in a research note on Monday, January 6th. TD Cowen reduced their price target 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. Robert W. Baird dropped their price objective on shares of Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Guggenheim reiterated a “buy” rating and issued a $30.00 price objective on shares of Capri in a research note on Wednesday. Finally, Barclays decreased their target price on shares of Capri from $21.00 to $19.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Capri currently has an average rating of “Hold” and an average price target of $25.92.

Capri Stock Performance

NYSE CPRI opened at $22.71 on Friday. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of -2.66, a PEG ratio of 4.97 and a beta of 2.06. The stock has a 50-day moving average of $22.55 and a 200 day moving average of $28.93. The company has a current ratio of 1.21, a quick ratio of 0.38 and a debt-to-equity ratio of 1.36. Capri Holdings Limited has a twelve month low of $18.70 and a twelve month high of $47.72.

Capri (NYSE:CPRI) last announced its earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate 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 last year, the company earned $1.20 EPS. Sell-side analysts anticipate that Capri Holdings Limited will post 1.51 EPS for the current fiscal year.

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.