610,000 Shares in Capri Holdings Limited (NYSE:CPRI) Purchased by Oddo BHF Asset Management Sas

Oddo BHF Asset Management Sas purchased a new stake in Capri Holdings Limited (NYSE:CPRI - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 610,000 shares of the company's stock, valued at approximately $25,888,000. Capri accounts for 1.3% of Oddo BHF Asset Management Sas' investment portfolio, making the stock its 15th biggest holding. Oddo BHF Asset Management Sas owned about 0.52% of Capri as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently made changes to their positions in CPRI. Rule One Partners LLC acquired a new position in Capri during the 3rd quarter valued at about $2,483,000. Sunbelt Securities Inc. acquired a new position in shares of Capri during the third quarter valued at approximately $42,000. Geode Capital Management LLC raised its holdings in Capri by 2.2% during the third quarter. Geode Capital Management LLC now owns 1,942,145 shares of the company's stock worth $82,446,000 after purchasing an additional 41,009 shares in the last quarter. M&T Bank Corp lifted its position in Capri by 21.5% in the third quarter. M&T Bank Corp now owns 8,419 shares of the company's stock worth $357,000 after purchasing an additional 1,488 shares during the period. Finally, Public Employees Retirement System of Ohio bought a new position in Capri during the 3rd quarter valued at $3,804,000. Institutional investors own 84.34% of the company's stock.

Capri Stock Performance

Shares of NYSE:CPRI traded down $0.25 on Friday, hitting $21.36. 2,745,307 shares of the company were exchanged, compared to its average volume of 2,205,540. Capri Holdings Limited has a one year low of $18.70 and a one year high of $51.23. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of -7.06, a PEG ratio of 4.63 and a beta of 2.05. The company's 50 day moving average price is $27.66 and its two-hundred day moving average price is $32.27. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.38 and a current ratio of 0.93.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. TD Cowen cut their price objective on Capri from $57.00 to $22.00 and set a "hold" rating for the company in a report on Friday, November 15th. 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. JPMorgan Chase & Co. dropped their target price on shares of Capri from $57.00 to $22.00 and set a "neutral" rating on the stock in a report on Friday, October 25th. StockNews.com cut shares of Capri from a "hold" rating to a "sell" rating in a report on Tuesday, August 27th. Finally, Guggenheim raised Capri from a "neutral" rating to a "buy" rating and set a $30.00 price target on the stock in a report on Tuesday, November 26th. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Capri has a consensus rating of "Hold" and a consensus price target of $28.20.

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.