LPL Financial LLC Has $2.52 Million Holdings in Capri Holdings Limited (NYSE:CPRI)

LPL Financial LLC lifted its holdings in Capri Holdings Limited (NYSE:CPRI - Free Report) by 49.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 119,515 shares of the company's stock after purchasing an additional 39,685 shares during the quarter. LPL Financial LLC owned 0.10% of Capri worth $2,517,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of CPRI. Sunbelt Securities Inc. acquired a new stake in Capri in the third quarter worth about $42,000. Twin Tree Management LP acquired a new stake in shares of Capri in the 4th quarter worth approximately $45,000. KBC Group NV boosted its holdings in shares of Capri by 63.9% in the fourth quarter. KBC Group NV now owns 5,039 shares of the company's stock valued at $106,000 after acquiring an additional 1,965 shares in the last quarter. LexAurum Advisors LLC acquired a new position in shares of Capri during the fourth quarter valued at approximately $211,000. Finally, L.M. Kohn & Company bought a new stake in Capri during the fourth quarter worth approximately $234,000. Institutional investors own 84.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. StockNews.com upgraded Capri from a "sell" rating to a "hold" rating in a research report on Friday, February 7th. Barclays dropped their price target on shares of Capri from $19.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. Guggenheim restated a "buy" rating and set a $30.00 price objective on shares of Capri in a research report on Wednesday, February 12th. Telsey Advisory Group dropped their target price on shares of Capri from $23.00 to $17.00 and set a "market perform" rating on the stock in a report on Friday, April 11th. Finally, Robert W. Baird reduced their target price on shares of Capri from $26.00 to $18.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $24.08.

Capri Stock Up 3.5 %

Shares of CPRI stock traded up $0.47 during trading on Friday, hitting $13.74. 2,516,026 shares of the company were exchanged, compared to its average volume of 3,119,585. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of -1.61, a P/E/G ratio of 7.80 and a beta of 1.77. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.59 and a current ratio of 1.21. The business's 50-day simple moving average is $19.37 and its 200 day simple moving average is $23.64. Capri Holdings Limited has a twelve month low of $11.86 and a twelve month high of $43.34.

Capri (NYSE:CPRI - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share 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 company earned $1.20 earnings per share. As a group, analysts forecast that Capri Holdings Limited will post 0.98 EPS 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.