69,721 Shares in Capri Holdings Limited (NYSE:CPRI) Acquired by SWS Partners

SWS Partners bought a new stake in Capri Holdings Limited (NYSE:CPRI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 69,721 shares of the company's stock, valued at approximately $1,468,000. SWS Partners owned approximately 0.06% of Capri at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Pacer Advisors Inc. lifted its stake in Capri by 22,554.7% in the fourth quarter. Pacer Advisors Inc. now owns 3,902,960 shares of the company's stock valued at $82,196,000 after buying an additional 3,885,732 shares during the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in Capri in the 4th quarter valued at $48,953,000. FMR LLC boosted its stake in Capri by 389.2% during the 3rd quarter. FMR LLC now owns 2,858,480 shares of the company's stock worth $121,314,000 after purchasing an additional 2,274,149 shares during the period. Oddo BHF Asset Management Sas purchased a new position in Capri during the 3rd quarter worth $25,888,000. Finally, Primecap Management Co. CA increased its stake in Capri by 14.2% in the third 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 period. 84.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CPRI. BMO Capital Markets upgraded Capri from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $25.00 to $31.00 in a research report on Monday, January 6th. Jefferies Financial Group upped their price target on Capri from $20.00 to $23.00 and gave the stock a "hold" rating in a research note on Tuesday, January 28th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $23.00 price target on shares of Capri in a report on Thursday, February 20th. StockNews.com raised shares of Capri from a "sell" rating to a "hold" rating in a research note on Friday, February 7th. Finally, Wells Fargo & Company raised their target price on shares of Capri from $28.00 to $30.00 and gave the stock an "overweight" rating in a research note on Monday, January 27th. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $25.92.

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Capri Price Performance

Shares of Capri stock traded down $0.83 on Friday, hitting $20.89. The company's stock had a trading volume of 3,801,606 shares, compared to its average volume of 3,391,518. The company has a quick ratio of 0.59, a current ratio of 1.21 and a debt-to-equity ratio of 1.36. The firm has a fifty day moving average price of $22.64 and a 200-day moving average price of $27.82. Capri Holdings Limited has a 52-week low of $18.70 and a 52-week high of $47.17. The company has a market capitalization of $2.46 billion, a P/E ratio of -2.44, a price-to-earnings-growth ratio of 7.80 and a beta of 2.10.

Capri (NYSE:CPRI - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.45 EPS for the quarter, missing the consensus estimate 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 earned $1.20 earnings per share. On average, equities research analysts expect that Capri Holdings Limited will post 0.98 earnings per share 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.