Capri Holdings Limited (NYSE:CPRI) Shares Purchased by Monaco Asset Management SAM

Monaco Asset Management SAM increased its position in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) by 850.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 200,000 shares of the company's stock after purchasing an additional 178,966 shares during the period. Capri makes up 0.6% of Monaco Asset Management SAM's portfolio, making the stock its 16th largest holding. Monaco Asset Management SAM owned about 0.17% of Capri worth $4,212,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CPRI. Sunbelt Securities Inc. bought a new stake in shares of Capri in the 3rd quarter valued at about $42,000. Quarry LP bought a new stake in shares of Capri in the 3rd quarter valued at about $53,000. KBC Group NV raised its holdings in shares of Capri by 26.9% in the 3rd quarter. KBC Group NV now owns 3,074 shares of the company's stock valued at $130,000 after purchasing an additional 652 shares in the last quarter. Avior Wealth Management LLC raised its holdings in shares of Capri by 15.2% in the 3rd quarter. Avior Wealth Management LLC now owns 4,033 shares of the company's stock valued at $171,000 after purchasing an additional 533 shares in the last quarter. Finally, US Bancorp DE raised its holdings in shares of Capri by 164.1% in the 3rd quarter. US Bancorp DE now owns 5,097 shares of the company's stock valued at $216,000 after purchasing an additional 3,167 shares in the last quarter. 84.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. BMO Capital Markets upgraded shares of Capri from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $25.00 to $31.00 in a report on Monday, January 6th. Barclays reduced their price objective on shares of Capri from $21.00 to $19.00 and set an "equal weight" rating for the company in a research note on Thursday, February 6th. StockNews.com upgraded shares of Capri from a "sell" rating to a "hold" rating in a research note on Friday, February 7th. Telsey Advisory Group reiterated a "market perform" rating and set a $23.00 price objective on shares of Capri in a research note on Thursday, February 20th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Capri from $15.00 to $19.00 and gave the stock a "neutral" rating in a research note on Monday, December 16th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Capri has an average rating of "Hold" and a consensus price target of $25.92.

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Capri Stock Performance

NYSE CPRI traded down $0.78 during mid-day trading on Tuesday, reaching $20.55. 2,585,846 shares of the stock were exchanged, compared to its average volume of 2,696,703. The business's 50 day moving average is $22.58 and its 200-day moving average is $27.10. Capri Holdings Limited has a 1 year low of $18.53 and a 1 year high of $46.91. The company has a market capitalization of $2.42 billion, a P/E ratio of -2.40, a P/E/G ratio of 7.80 and a beta of 2.10. 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 (NYSE:CPRI - Get Free Report) last announced its quarterly 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 in the previous year, the company earned $1.20 EPS. On average, equities research analysts forecast that Capri Holdings Limited will post 0.98 EPS for the current fiscal year.

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.