Moody National Bank Trust Division Takes Position in Capri Holdings Limited (NYSE:CPRI)

Moody National Bank Trust Division acquired a new position in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 39,937 shares of the company's stock, valued at approximately $841,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sunbelt Securities Inc. purchased a new position in shares of Capri in the 3rd quarter worth $42,000. Quarry LP acquired a new stake in Capri during the third quarter worth 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 worth $130,000 after purchasing an additional 652 shares during the period. CWM LLC lifted its stake in shares of Capri by 26.9% in the 3rd quarter. CWM LLC now owns 3,112 shares of the company's stock valued at $132,000 after purchasing an additional 660 shares in the last quarter. Finally, Avior Wealth Management LLC grew its holdings in shares of Capri by 15.2% during the 3rd quarter. Avior Wealth Management LLC now owns 4,033 shares of the company's stock worth $171,000 after purchasing an additional 533 shares during the period. Hedge funds and other institutional investors own 84.34% of the company's stock.

Capri Stock Down 2.0 %

CPRI traded down $0.47 on Wednesday, reaching $23.04. The company's stock had a trading volume of 2,149,271 shares, compared to its average volume of 2,775,995. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.93 and a quick ratio of 0.38. Capri Holdings Limited has a 1 year low of $18.70 and a 1 year high of $50.84. The business's 50 day moving average is $21.58 and its 200 day moving average is $30.36. The stock has a market cap of $2.72 billion, a price-to-earnings ratio of -7.53, a price-to-earnings-growth ratio of 4.55 and a beta of 2.06.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CPRI. Robert W. Baird cut their price target on shares of Capri from $24.00 to $23.00 and set a "neutral" rating on the stock in a report on Friday, November 8th. BMO Capital Markets raised shares of Capri from a "market perform" rating to an "outperform" rating and raised their target price for the company from $25.00 to $31.00 in a research note on Monday, January 6th. TD Cowen reduced their target price on shares of Capri from $57.00 to $22.00 and set a "hold" rating on the stock in a report on Friday, November 15th. Citigroup upgraded Capri from a "neutral" rating to a "buy" rating and increased their price target for the company from $21.00 to $29.00 in a report on Friday, January 10th. Finally, Wells Fargo & Company raised Capri from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $20.00 to $28.00 in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $27.55.

Capri 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.