Accurate Wealth Management LLC Purchases 27,992 Shares of Capri Holdings Limited (NYSE:CPRI)

Accurate Wealth Management LLC lifted its position in Capri Holdings Limited (NYSE:CPRI - Free Report) by 114.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,431 shares of the company's stock after buying an additional 27,992 shares during the period. Accurate Wealth Management LLC's holdings in Capri were worth $1,104,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Sunbelt Securities Inc. acquired a new stake in shares of Capri in the 3rd quarter valued at about $42,000. Quarry LP acquired a new position in Capri during the 3rd quarter worth approximately $53,000. KBC Group NV boosted its position in Capri by 26.9% during 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. CWM LLC grew its stake in shares of Capri by 26.9% during the 3rd quarter. CWM LLC now owns 3,112 shares of the company's stock worth $132,000 after acquiring an additional 660 shares in the last quarter. Finally, Avior Wealth Management LLC raised its holdings in shares of Capri by 15.2% in the third quarter. Avior Wealth Management LLC now owns 4,033 shares of the company's stock valued at $171,000 after purchasing an additional 533 shares during the last quarter. Institutional investors and hedge funds own 84.34% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on CPRI shares. Wells Fargo & Company upgraded shares of Capri from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $20.00 to $28.00 in a research note on Friday, January 10th. JPMorgan Chase & Co. lifted their target price on Capri from $15.00 to $19.00 and gave the company a "neutral" rating in a research report on Monday, December 16th. TD Cowen reduced their price target on Capri from $57.00 to $22.00 and set a "hold" rating for the company in a research report on Friday, November 15th. Barclays reaffirmed an "equal weight" rating and set a $21.00 price target on shares of Capri in a research report on Wednesday, November 20th. Finally, Robert W. Baird cut their price objective on Capri from $24.00 to $23.00 and set a "neutral" rating for the company in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, Capri presently has an average rating of "Hold" and an average target price of $27.55.

Capri Stock Performance

Shares of CPRI stock traded down $0.44 during midday trading on Wednesday, hitting $23.07. 1,256,146 shares of the company were exchanged, compared to its average volume of 2,669,605. The firm has a market capitalization of $2.72 billion, a P/E ratio of -7.54, a PEG ratio of 4.55 and a beta of 2.06. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.38 and a current ratio of 0.93. Capri Holdings Limited has a 52 week low of $18.70 and a 52 week high of $50.84. The firm's 50 day moving average price is $21.56 and its two-hundred day moving average price is $30.41.

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.