Bank Julius Baer & Co. Ltd Zurich Makes New Investment in Capri Holdings Limited (NYSE:CPRI)

Bank Julius Baer & Co. Ltd Zurich 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 29,258 shares of the company's stock, valued at approximately $680,000.

Several other hedge funds also recently bought and sold shares of CPRI. Avior Wealth Management LLC lifted its holdings in shares of Capri by 15.2% in the 3rd quarter. Avior Wealth Management LLC now owns 4,033 shares of the company's stock worth $171,000 after buying an additional 533 shares during the period. Arizona State Retirement System lifted its holdings in shares of Capri by 1.8% in the 4th quarter. Arizona State Retirement System now owns 34,185 shares of the company's stock worth $720,000 after buying an additional 596 shares during the period. Exchange Traded Concepts LLC lifted its holdings in shares of Capri by 3.0% in the 4th quarter. Exchange Traded Concepts LLC now owns 21,767 shares of the company's stock worth $458,000 after buying an additional 643 shares during the period. KBC Group NV lifted its holdings in shares of 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 buying an additional 652 shares during the period. Finally, Sunbelt Securities Inc. purchased a new stake in shares of Capri during the 3rd quarter worth $42,000. Institutional investors own 84.34% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CPRI. Guggenheim restated a "buy" rating and set a $30.00 price objective on shares of Capri in a research note on Wednesday, February 12th. TD Cowen decreased their price objective on Capri from $57.00 to $22.00 and set a "hold" rating for the company in a research note on Friday, November 15th. Jefferies Financial Group upped their price objective on Capri from $20.00 to $23.00 and gave the stock a "hold" rating in a research note on Tuesday, January 28th. Citigroup upgraded Capri from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $21.00 to $29.00 in a research note on Friday, January 10th. Finally, Bank of America began coverage on Capri in a research note on Monday, February 10th. They set a "neutral" rating and a $23.00 price objective for the company. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $25.92.

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Capri Stock Performance

Shares of CPRI stock traded up $0.37 during mid-day trading on Friday, reaching $21.49. The stock had a trading volume of 4,720,540 shares, compared to its average volume of 2,683,962. The business's fifty day moving average is $22.56 and its 200-day moving average is $27.32. 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 firm has a market cap of $2.53 billion, a price-to-earnings ratio of -2.51, a PEG ratio of 7.80 and a beta of 2.10. Capri Holdings Limited has a 1-year low of $18.53 and a 1-year high of $46.95.

Capri (NYSE:CPRI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.45 earnings per share 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 period last year, the business earned $1.20 earnings per share. On average, research analysts forecast that Capri Holdings Limited will post 0.98 earnings per share for the current 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.