ING Groep NV Buys 29,000 Shares of Capri Holdings Limited (NYSE:CPRI)

ING Groep NV lifted its stake in Capri Holdings Limited (NYSE:CPRI - Free Report) by 6.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 473,400 shares of the company's stock after purchasing an additional 29,000 shares during the quarter. ING Groep NV owned 0.40% of Capri worth $20,091,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in CPRI. Swiss National Bank grew its stake in shares of Capri by 0.3% in the first quarter. Swiss National Bank now owns 229,500 shares of the company's stock worth $10,396,000 after acquiring an additional 600 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of Capri by 17.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 155,580 shares of the company's stock worth $7,312,000 after acquiring an additional 23,294 shares during the last quarter. Aequim Alternative Investments LP lifted its position in shares of Capri by 20.8% during the first quarter. Aequim Alternative Investments LP now owns 12,500 shares of the company's stock worth $566,000 after purchasing an additional 2,153 shares in the last quarter. Bessemer Group Inc. increased its holdings in shares of Capri by 82.4% in the first quarter. Bessemer Group Inc. now owns 1,330 shares of the company's stock valued at $60,000 after purchasing an additional 601 shares in the last quarter. Finally, Natixis raised its position in Capri by 71.6% in the 1st quarter. Natixis now owns 236,888 shares of the company's stock worth $10,731,000 after purchasing an additional 98,809 shares during the last quarter. Institutional investors and hedge funds own 84.34% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Telsey Advisory Group decreased 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. Robert W. Baird dropped 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. StockNews.com lowered shares of Capri from a "hold" rating to a "sell" rating in a research note on Tuesday, August 27th. TD Cowen dropped their price target on shares of Capri from $57.00 to $22.00 and set a "hold" rating for the company in a research note on Friday. Finally, Wells Fargo & Company cut their price objective on shares of Capri from $42.00 to $23.00 and set an "equal weight" rating on the stock in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. Based on data from MarketBeat, Capri currently has an average rating of "Hold" and a consensus target price of $28.88.

Capri Trading Up 2.3 %

Shares of CPRI traded up $0.48 during trading hours on Friday, reaching $21.00. The stock had a trading volume of 5,895,430 shares, compared to its average volume of 2,076,146. The company has a market cap of $2.48 billion, a P/E ratio of -6.86, a P/E/G ratio of 3.84 and a beta of 2.05. Capri Holdings Limited has a 52 week low of $18.70 and a 52 week high of $51.23. The company has a quick ratio of 0.38, a current ratio of 0.93 and a debt-to-equity ratio of 0.83. The firm has a 50-day moving average of $34.30 and a 200 day moving average of $34.08.

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.