L.M. Kohn & Company Makes New Investment in Capri Holdings Limited (NYSE:CPRI)

L.M. Kohn & Company acquired a new stake in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 11,133 shares of the company's stock, valued at approximately $234,000.

A number of other large investors have also made changes to their positions in CPRI. Pacer Advisors Inc. raised its position in shares of Capri by 22,554.7% during the fourth quarter. Pacer Advisors Inc. now owns 3,902,960 shares of the company's stock valued at $82,196,000 after buying an additional 3,885,732 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in Capri in the fourth quarter valued at about $48,953,000. FMR LLC increased its stake in 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 during the period. Oddo BHF Asset Management Sas bought a new stake in Capri in the third quarter valued at about $25,888,000. Finally, Primecap Management Co. CA increased its stake in Capri by 14.2% in the third quarter. Primecap Management Co. CA now owns 4,140,755 shares of the company's stock valued at $175,734,000 after acquiring an additional 515,963 shares during the period. Institutional investors and hedge funds own 84.34% of the company's stock.

Analyst Upgrades and Downgrades

CPRI has been the topic of a number of analyst reports. StockNews.com raised shares of Capri from a "sell" rating to a "hold" rating in a research note on Friday, February 7th. Citigroup raised shares of Capri from a "neutral" rating to a "buy" rating and upped their target price for the company from $21.00 to $29.00 in a research note on Friday, January 10th. Bank of America initiated coverage on shares of Capri in a research note on Monday, February 10th. They issued a "neutral" rating and a $23.00 target price on the stock. Robert W. Baird lowered their target price on shares of Capri from $24.00 to $23.00 and set a "neutral" rating on the stock in a research note on Friday, November 8th. Finally, JPMorgan Chase & Co. upped 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. 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, Capri has a consensus rating of "Hold" and a consensus price target of $25.92.

Capri Price Performance

Shares of CPRI stock traded down $0.68 during trading hours on Thursday, reaching $21.90. 3,388,873 shares of the company were exchanged, compared to its average volume of 3,268,539. Capri Holdings Limited has a fifty-two week low of $18.70 and a fifty-two week high of $47.17. The stock's fifty day moving average is $22.58 and its two-hundred day moving average is $28.49. The company has a market cap of $2.58 billion, a price-to-earnings ratio of -2.56, a P/E/G ratio of 7.67 and a beta of 2.06. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.21 and a quick ratio of 0.59.

Capri (NYSE:CPRI - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 last year, the business earned $1.20 EPS. Sell-side analysts forecast that Capri Holdings Limited will post 0.98 earnings per share for the current fiscal year.

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.