Ingalls & Snyder LLC Takes Position in Capri Holdings Limited (NYSE:CPRI)

Ingalls & Snyder LLC purchased a new position in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 29,800 shares of the company's stock, valued at approximately $1,265,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Primecap Management Co. CA boosted its holdings in shares of Capri by 14.2% in the 3rd quarter. Primecap Management Co. CA now owns 4,140,755 shares of the company's stock valued at $175,734,000 after buying an additional 515,963 shares in the last quarter. FMR LLC boosted its holdings in shares of Capri by 389.2% in the third quarter. FMR LLC now owns 2,858,480 shares of the company's stock valued at $121,314,000 after acquiring an additional 2,274,149 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Capri by 4.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,587,602 shares of the company's stock valued at $52,514,000 after purchasing an additional 68,081 shares during the period. Baupost Group LLC MA acquired a new position in Capri during the second quarter worth about $33,080,000. Finally, Samlyn Capital LLC raised its position in Capri by 8.3% during the second quarter. Samlyn Capital LLC now owns 795,258 shares of the company's stock worth $26,307,000 after acquiring an additional 61,232 shares during the last quarter. 84.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CPRI shares. Robert W. Baird decreased their price objective on shares of Capri from $24.00 to $23.00 and set a "neutral" rating for the company in a research note on Friday, November 8th. StockNews.com cut shares of Capri from a "hold" rating to a "sell" rating in a report on Tuesday, August 27th. Guggenheim upgraded shares of Capri from a "neutral" rating to a "buy" rating and set a $30.00 target price for the company in a research report on Tuesday, November 26th. Citigroup lowered shares of Capri from a "buy" rating to a "neutral" rating and set a $41.00 target price for the company. in a research report on Friday, September 13th. Finally, Wells Fargo & Company reduced their price objective on shares of Capri from $42.00 to $23.00 and set an "equal weight" rating for the company in a research report on Friday, October 25th. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $28.20.

Capri Stock Performance

Shares of CPRI traded up $0.05 during trading hours on Wednesday, hitting $22.91. The stock had a trading volume of 1,304,007 shares, compared to its average volume of 2,162,000. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.93 and a quick ratio of 0.38. Capri Holdings Limited has a 12 month low of $18.70 and a 12 month high of $51.23. The firm has a market capitalization of $2.70 billion, a PE ratio of -7.47, a PEG ratio of 4.98 and a beta of 2.05. The stock has a fifty day moving average price of $30.27 and a 200 day moving average price of $32.86.

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.