Bank of Nova Scotia Has $6.08 Million Stock Position in Capri Holdings Limited (NYSE:CPRI)

Bank of Nova Scotia raised its stake in Capri Holdings Limited (NYSE:CPRI - Free Report) by 386.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 288,900 shares of the company's stock after buying an additional 229,500 shares during the period. Bank of Nova Scotia owned 0.25% of Capri worth $6,084,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Integrated Wealth Concepts LLC bought a new stake in Capri in the third quarter worth approximately $318,000. Quantinno Capital Management LP purchased a new stake in shares of Capri in the third quarter valued at about $260,000. Wellington Management Group LLP boosted its position in Capri by 6.5% in the third quarter. Wellington Management Group LLP now owns 112,045 shares of the company's stock worth $4,755,000 after purchasing an additional 6,846 shares during the last quarter. MML Investors Services LLC increased its stake in shares of Capri by 49.6% during the 3rd quarter. MML Investors Services LLC now owns 18,443 shares of the company's stock worth $783,000 after purchasing an additional 6,112 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Capri during the 3rd quarter valued at $3,804,000. Institutional investors own 84.34% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on CPRI shares. Bank of America began coverage on Capri in a research report on Monday, February 10th. They issued a "neutral" rating and a $23.00 price objective on the stock. Wells Fargo & Company reduced their price objective on shares of Capri from $30.00 to $25.00 and set an "overweight" rating for the company in a research note on Friday. Robert W. Baird cut their price objective on Capri from $26.00 to $18.00 and set a "neutral" rating for the company in a report on Friday. JPMorgan Chase & Co. raised their price objective on shares of Capri from $15.00 to $19.00 and gave the company a "neutral" rating in a research report on Monday, December 16th. Finally, Barclays dropped their target price on Capri from $19.00 to $13.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Capri presently has an average rating of "Hold" and an average target price of $24.08.

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Capri Trading Down 5.9 %

CPRI stock traded down $0.85 during midday trading on Tuesday, hitting $13.56. The stock had a trading volume of 3,452,939 shares, compared to its average volume of 3,127,953. The company's 50-day moving average price is $19.86 and its 200 day moving average price is $23.99. Capri Holdings Limited has a 12-month low of $11.86 and a 12-month high of $43.34. The firm has a market cap of $1.60 billion, a PE ratio of -1.59, a price-to-earnings-growth ratio of 7.80 and a beta of 1.77. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.21 and a quick ratio of 0.59.

Capri (NYSE:CPRI - Get Free Report) last posted its earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share 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 posted $1.20 EPS. On average, equities research analysts predict that Capri Holdings Limited will post 0.98 earnings per share for the current fiscal 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.