ARGA Investment Management LP lifted its holdings in Capri Holdings Limited (NYSE:CPRI - Free Report) by 613.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,401 shares of the company's stock after purchasing an additional 78,585 shares during the quarter. ARGA Investment Management LP owned about 0.08% of Capri worth $3,879,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. CWM LLC increased its stake in Capri by 35.2% during the 2nd quarter. CWM LLC now owns 2,452 shares of the company's stock valued at $81,000 after purchasing an additional 638 shares in the last quarter. Signaturefd LLC increased its position in shares of Capri by 14.7% in the 2nd quarter. Signaturefd LLC now owns 2,734 shares of the company's stock valued at $90,000 after acquiring an additional 351 shares during the period. GAMMA Investing LLC increased its position in shares of Capri by 1,580.1% in the 2nd quarter. GAMMA Investing LLC now owns 3,713 shares of the company's stock valued at $123,000 after acquiring an additional 3,492 shares during the period. KBC Group NV raised its stake in Capri by 26.9% in the 3rd quarter. KBC Group NV now owns 3,074 shares of the company's stock worth $130,000 after acquiring an additional 652 shares during the last quarter. Finally, Avior Wealth Management LLC lifted 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 acquiring an additional 533 shares during the period. 84.34% of the stock is currently owned by hedge funds and other institutional investors.
Capri Stock Down 0.5 %
Shares of NYSE:CPRI traded down $0.11 on Friday, hitting $23.41. 2,201,400 shares of the company's stock were exchanged, compared to its average volume of 5,666,188. Capri Holdings Limited has a 1-year low of $18.70 and a 1-year high of $51.23. The company has a market capitalization of $2.76 billion, a PE ratio of -7.65, a P/E/G ratio of 4.99 and a beta of 2.05. The firm's 50-day moving average is $30.87 and its 200 day moving average is $33.04. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.38 and a current ratio of 0.93.
Wall Street Analyst Weigh In
CPRI has been the subject of several research reports. Barclays restated an "equal weight" rating and set a $21.00 price objective on shares of Capri in a research note on Wednesday, November 20th. Guggenheim raised shares of Capri from a "neutral" rating to a "buy" rating and set a $30.00 price target on the stock in a research note on Tuesday, November 26th. StockNews.com lowered Capri from a "hold" rating to a "sell" rating in a research note on Tuesday, August 27th. Wells Fargo & Company reduced their target price on shares of Capri from $42.00 to $23.00 and set an "equal weight" rating for the company in a research report on Friday, October 25th. Finally, Telsey Advisory Group reduced their price objective on 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 analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, Capri presently has a consensus rating of "Hold" and a consensus price target of $28.20.
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About Capri
(
Free Report)
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.
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