Lind Value II ApS Makes New $9.09 Million Investment in Capri Holdings Limited (NYSE:CPRI)

Lind Value II ApS acquired a new position in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 431,470 shares of the company's stock, valued at approximately $9,087,000. Capri comprises 4.0% of Lind Value II ApS's investment portfolio, making the stock its 6th biggest holding. Lind Value II ApS owned about 0.37% of Capri as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Accurate Wealth Management LLC lifted its position in Capri by 114.5% in the 4th quarter. Accurate Wealth Management LLC now owns 52,431 shares of the company's stock valued at $1,104,000 after acquiring an additional 27,992 shares in the last quarter. Moody National Bank Trust Division bought a new position in Capri in the fourth quarter valued at $841,000. Oddo BHF Asset Management Sas acquired a new position in shares of Capri during the 3rd quarter worth about $25,888,000. Rule One Partners LLC acquired a new position in Capri during the third quarter valued at approximately $2,483,000. Finally, Sunbelt Securities Inc. acquired a new position in shares of Capri during the 3rd quarter worth approximately $42,000. 84.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have issued reports on CPRI shares. Guggenheim raised shares of Capri from a "neutral" rating to a "buy" rating and set a $30.00 price target on the stock in a research report on Tuesday, November 26th. JPMorgan Chase & Co. raised their target price on shares of Capri from $15.00 to $19.00 and gave the company a "neutral" rating in a research note on Monday, December 16th. Wells Fargo & Company raised Capri from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $20.00 to $28.00 in a report on Friday, January 10th. Telsey Advisory Group reduced their price objective on shares of Capri from $26.00 to $23.00 and set a "market perform" rating for the company in a research report on Friday, November 15th. Finally, 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 note on Friday, November 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $27.55.

Capri Stock Performance

Shares of NYSE:CPRI traded down $0.47 on Wednesday, reaching $23.04. 2,149,271 shares of the company's stock were exchanged, compared to its average volume of 2,775,995. Capri Holdings Limited has a twelve month low of $18.70 and a twelve month high of $50.84. The company has a fifty day moving average of $21.56 and a 200-day moving average of $30.41. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of -7.53, a PEG ratio of 4.55 and a beta of 2.06. The company has a current ratio of 0.93, a quick ratio of 0.38 and a debt-to-equity ratio of 0.83.

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.