Janney Montgomery Scott LLC Grows Stock Holdings in Capri Holdings Limited (NYSE:CPRI)

Janney Montgomery Scott LLC boosted its holdings in Capri Holdings Limited (NYSE:CPRI - Free Report) by 174.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,670 shares of the company's stock after buying an additional 13,785 shares during the quarter. Janney Montgomery Scott LLC's holdings in Capri were worth $456,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Sunbelt Securities Inc. bought a new stake in Capri during the third quarter worth $42,000. Quarry LP bought a new stake in Capri during the third quarter worth $53,000. KBC Group NV lifted its holdings in Capri by 26.9% during the third 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 period. CWM LLC lifted its holdings in Capri by 26.9% during the third quarter. CWM LLC now owns 3,112 shares of the company's stock worth $132,000 after acquiring an additional 660 shares during the period. Finally, Avior Wealth Management LLC lifted its holdings in Capri by 15.2% during the third quarter. Avior Wealth Management LLC now owns 4,033 shares of the company's stock worth $171,000 after acquiring an additional 533 shares during the period. 84.34% of the stock is owned by institutional investors and hedge funds.

Capri Price Performance

NYSE:CPRI traded up $0.09 during trading hours on Thursday, hitting $22.71. 2,808,060 shares of the stock traded hands, compared to its average volume of 3,287,584. The company has a quick ratio of 0.38, a current ratio of 1.21 and a debt-to-equity ratio of 1.36. Capri Holdings Limited has a 1 year low of $18.70 and a 1 year high of $47.72. The company has a market cap of $2.68 billion, a price-to-earnings ratio of -2.66, a price-to-earnings-growth ratio of 4.97 and a beta of 2.06. The stock has a 50 day moving average price of $22.55 and a 200 day moving average price of $28.93.

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Capri (NYSE:CPRI - Get Free Report) last issued its quarterly 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 in the previous year, the company posted $1.20 EPS. Sell-side analysts forecast that Capri Holdings Limited will post 1.51 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on CPRI shares. Bank of America started coverage on Capri in a report on Monday. They set a "neutral" rating and a $23.00 price target on the stock. Robert W. Baird cut their target price on shares of Capri from $24.00 to $23.00 and set a "neutral" rating for the company in a research report on Friday, November 8th. Guggenheim restated a "buy" rating and set a $30.00 price target on shares of Capri in a research note on Wednesday. Telsey Advisory Group reaffirmed a "market perform" rating and set a $23.00 target price on shares of Capri in a report on Wednesday, February 5th. Finally, Wells Fargo & Company upped their target price on shares of Capri from $28.00 to $30.00 and gave the stock an "overweight" rating in a report on Monday, January 27th. Nine equities research 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, the company has an average rating of "Hold" and a consensus price target of $25.92.

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.