KLP Kapitalforvaltning AS Takes Position in Capri Holdings Limited (NYSE:CPRI)

KLP Kapitalforvaltning AS purchased a new position in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 23,200 shares of the company's stock, valued at approximately $489,000.

Other large investors have also made changes to their positions in the company. Sunbelt Securities Inc. acquired a new position in Capri during the third quarter worth about $42,000. Quarry LP acquired a new stake in shares of Capri during the 3rd quarter valued at approximately $53,000. Twin Tree Management LP acquired a new stake in shares of Capri in the 4th quarter worth approximately $45,000. KBC Group NV grew its holdings in shares of Capri by 63.9% in the 4th quarter. KBC Group NV now owns 5,039 shares of the company's stock worth $106,000 after acquiring an additional 1,965 shares during the period. Finally, Quantinno Capital Management LP purchased a new position in Capri in the 3rd quarter valued at approximately $260,000. Hedge funds and other institutional investors own 84.34% of the company's stock.

Capri Trading Down 11.2 %

Capri stock traded down $1.56 during trading on Tuesday, hitting $12.35. The company's stock had a trading volume of 6,080,339 shares, compared to its average volume of 3,017,532. The stock's fifty day moving average is $20.73 and its 200 day moving average is $24.80. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.59 and a current ratio of 1.21. Capri Holdings Limited has a 1-year low of $12.16 and a 1-year high of $44.11. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of -1.44, a P/E/G ratio of 7.80 and a beta of 1.77.

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Capri (NYSE:CPRI - Get Free Report) last announced its quarterly earnings data 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 positive return on equity of 12.89% and a negative net margin of 21.79%. During the same quarter in the previous year, the business earned $1.20 EPS. As a group, equities research analysts predict that Capri Holdings Limited will post 0.98 EPS for the current year.

Wall Street Analyst Weigh In

CPRI has been the topic of several research reports. Jefferies Financial Group upped their target price on Capri from $20.00 to $23.00 and gave the company a "hold" rating in a report on Tuesday, January 28th. Wells Fargo & Company increased their price objective on shares of Capri from $28.00 to $30.00 and gave the company an "overweight" rating in a research note on Monday, January 27th. StockNews.com upgraded shares of Capri from a "sell" rating to a "hold" rating in a research report on Friday, February 7th. Bank of America began coverage on shares of Capri in a research report on Monday, February 10th. They issued a "neutral" rating and a $23.00 price target on the stock. Finally, Guggenheim restated a "buy" rating and set a $30.00 price objective on shares of Capri in a research report on Wednesday, February 12th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $25.92.

About Capri

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.