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

Natixis Advisors LLC acquired a new position in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 434,350 shares of the company's stock, valued at approximately $9,148,000. Natixis Advisors LLC owned about 0.37% of Capri as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd bought a new position in Capri during the third quarter valued at approximately $224,000. Senvest Management LLC purchased a new stake in shares of Capri in the 3rd quarter valued at $6,610,000. Primecap Management Co. CA grew its holdings 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 valued at $175,734,000 after purchasing an additional 515,963 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Capri by 76.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 321,834 shares of the company's stock worth $13,659,000 after purchasing an additional 139,063 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Capri by 2.2% in the third quarter. Geode Capital Management LLC now owns 1,942,145 shares of the company's stock worth $82,446,000 after purchasing an additional 41,009 shares during the last quarter. 84.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on CPRI. Citigroup upgraded Capri from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $21.00 to $29.00 in a report on Friday, January 10th. JPMorgan Chase & Co. raised their price target on Capri from $15.00 to $19.00 and gave the stock a "neutral" rating in a research report on Monday, December 16th. Barclays lowered their price objective on Capri from $21.00 to $19.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. Guggenheim restated a "buy" rating and issued a $30.00 target price on shares of Capri in a report on Wednesday, February 12th. Finally, Jefferies Financial Group upped their price target on shares of Capri from $20.00 to $23.00 and gave the company a "hold" rating in a report on Tuesday, January 28th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $25.92.

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Capri Trading Down 1.1 %

NYSE CPRI traded down $0.23 during trading on Tuesday, hitting $21.04. The company had a trading volume of 2,505,969 shares, compared to its average volume of 2,761,561. The company's fifty day moving average is $22.40 and its 200-day moving average is $26.47. The company has a market cap of $2.48 billion, a price-to-earnings ratio of -2.46, a price-to-earnings-growth ratio of 7.80 and a beta of 2.10. The company has a current ratio of 1.21, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36. Capri Holdings Limited has a one year low of $18.53 and a one year high of $46.09.

Capri (NYSE:CPRI - Get Free Report) last released 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 positive return on equity of 12.89% and a negative net margin of 21.79%. During the same quarter in the prior year, the company earned $1.20 earnings per share. On average, sell-side analysts predict that Capri Holdings Limited will post 0.98 earnings per share for the current year.

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.