Raymond James Financial Inc. Invests $2.17 Million in Capri Holdings Limited (NYSE:CPRI)

Raymond James Financial Inc. purchased a new position in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 102,905 shares of the company's stock, valued at approximately $2,167,000. Raymond James Financial Inc. owned approximately 0.09% of Capri at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Arizona State Retirement System boosted its holdings in shares of Capri by 1.8% in the 4th quarter. Arizona State Retirement System now owns 34,185 shares of the company's stock valued at $720,000 after buying an additional 596 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Capri in the fourth quarter valued at $344,000. SWS Partners bought a new position in shares of Capri in the 4th quarter valued at about $1,468,000. Charles Schwab Investment Management Inc. increased its stake in shares of Capri by 7.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,004,085 shares of the company's stock worth $21,146,000 after purchasing an additional 73,672 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Capri in the 4th quarter valued at about $574,000. 84.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. BMO Capital Markets upgraded Capri from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $25.00 to $31.00 in a report on Monday, January 6th. StockNews.com upgraded Capri from a "sell" rating to a "hold" rating in a research note on Friday, February 7th. JPMorgan Chase & Co. increased their price target on Capri from $15.00 to $19.00 and gave the company a "neutral" rating in a research note on Monday, December 16th. 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 report on Thursday, February 6th. Finally, Guggenheim reiterated a "buy" rating and issued a $30.00 price objective on shares of Capri in a report on Wednesday, February 12th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Capri presently has an average rating of "Hold" and an average price target of $25.92.

Capri Stock Performance

Capri stock traded down $4.58 during midday trading on Thursday, hitting $15.06. The company's stock had a trading volume of 16,208,532 shares, compared to its average volume of 2,914,816. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.21 and a quick ratio of 0.59. The company has a market cap of $1.78 billion, a price-to-earnings ratio of -1.76, a PEG ratio of 7.80 and a beta of 1.77. Capri Holdings Limited has a 1-year low of $13.76 and a 1-year high of $45.49. The company has a 50-day moving average price of $21.70 and a two-hundred day moving average price of $25.61.

Capri (NYSE:CPRI - Get Free Report) last released 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 negative net margin of 21.79% and a positive return on equity of 12.89%. During the same quarter last year, the company earned $1.20 earnings per share. As a group, sell-side analysts predict that Capri Holdings Limited will post 0.98 earnings per share for the current 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.