Norges Bank Purchases New Position in Capri Holdings Limited (NYSE:CPRI)

Norges Bank acquired a new stake in Capri Holdings Limited (NYSE:CPRI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 2,757,351 shares of the company's stock, valued at approximately $58,070,000. Norges Bank owned about 2.34% of Capri as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sunbelt Securities Inc. bought a new position in shares of Capri in the third quarter worth about $42,000. Twin Tree Management LP purchased a new stake in Capri in the 4th quarter valued at about $45,000. Quarry LP bought a new position in Capri in the 3rd quarter worth about $53,000. KBC Group NV increased its position in shares of Capri by 63.9% during the fourth quarter. KBC Group NV now owns 5,039 shares of the company's stock worth $106,000 after acquiring an additional 1,965 shares during the period. Finally, LexAurum Advisors LLC bought a new stake in shares of Capri during the fourth quarter valued at approximately $211,000. Hedge funds and other institutional investors own 84.34% of the company's stock.

Capri Stock Down 11.2 %

Shares of CPRI stock traded down $1.56 during trading hours on Tuesday, reaching $12.35. 6,080,339 shares of the company's stock were exchanged, compared to its average volume of 3,017,532. The stock has a market cap of $1.46 billion, a PE ratio of -1.44, a PEG ratio of 7.80 and a beta of 1.77. The company has a current ratio of 1.21, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36. The stock's fifty day moving average price is $20.73 and its two-hundred day moving average price is $24.80. Capri Holdings Limited has a 1 year low of $12.16 and a 1 year high of $44.11.

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Capri (NYSE:CPRI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.72 by ($0.27). Capri had a negative net margin of 21.79% and a positive return on equity of 12.89%. During the same quarter last year, the business posted $1.20 EPS. Research analysts predict that Capri Holdings Limited will post 0.98 EPS for the current year.

Wall Street Analysts Forecast Growth

CPRI has been the topic of several research analyst reports. BMO Capital Markets raised Capri from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $25.00 to $31.00 in a research note on Monday, January 6th. Guggenheim reissued a "buy" rating and set a $30.00 price target on shares of Capri in a research report on Wednesday, February 12th. Barclays decreased their price objective on Capri from $21.00 to $19.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. JPMorgan Chase & Co. increased their target price on shares of Capri from $15.00 to $19.00 and gave the stock a "neutral" rating in a report on Monday, December 16th. Finally, Wells Fargo & Company raised their target price on shares of Capri from $28.00 to $30.00 and gave the company an "overweight" rating in a research report on Monday, January 27th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $25.92.

Capri Company 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.