Ingalls & Snyder LLC Buys 62,450 Shares of Capri Holdings Limited (NYSE:CPRI)

Ingalls & Snyder LLC increased its position in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) by 209.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 92,250 shares of the company's stock after buying an additional 62,450 shares during the quarter. Ingalls & Snyder LLC owned about 0.08% of Capri worth $1,943,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Sunbelt Securities Inc. bought a new stake in Capri during the 3rd quarter worth approximately $42,000. Quarry LP bought a new stake in Capri during the 3rd quarter worth approximately $53,000. KBC Group NV increased its holdings in Capri by 63.9% during the 4th quarter. KBC Group NV now owns 5,039 shares of the company's stock worth $106,000 after purchasing an additional 1,965 shares in the last quarter. CWM LLC increased its holdings in Capri by 26.9% during the 3rd quarter. CWM LLC now owns 3,112 shares of the company's stock worth $132,000 after purchasing an additional 660 shares in the last quarter. Finally, Avior Wealth Management LLC increased its holdings 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 purchasing an additional 533 shares in the last quarter. 84.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on CPRI. Jefferies Financial Group boosted their price objective on Capri from $20.00 to $23.00 and gave the stock a "hold" rating in a report on Tuesday, January 28th. Barclays reduced their target price on Capri from $21.00 to $19.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. Guggenheim reaffirmed a "buy" rating and issued a $30.00 target price on shares of Capri in a report on Wednesday, February 12th. Wells Fargo & Company increased their price objective on Capri from $28.00 to $30.00 and gave the company an "overweight" rating in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. increased their price objective on Capri from $15.00 to $19.00 and gave the company a "neutral" rating in a report on Monday, December 16th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $25.92.

Capri Stock Performance

Shares of NYSE:CPRI traded down $0.11 during trading on Monday, hitting $22.52. 2,172,176 shares of the company were exchanged, compared to its average volume of 3,453,306. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.21 and a quick ratio of 0.38. Capri Holdings Limited has a 52-week low of $18.70 and a 52-week high of $47.72. The company has a market cap of $2.66 billion, a PE ratio of -2.63, a P/E/G ratio of 4.97 and a beta of 2.06. The stock has a 50 day moving average of $22.57 and a 200 day moving average of $28.66.

Capri (NYSE:CPRI - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $0.45 EPS 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 in the prior year, the firm posted $1.20 earnings per share. As a group, equities research analysts predict that Capri Holdings Limited will post 1.51 EPS for the current 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.