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

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

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Pacer Advisors Inc. lifted its holdings in shares of Capri by 22,554.7% during the fourth quarter. Pacer Advisors Inc. now owns 3,902,960 shares of the company's stock valued at $82,196,000 after purchasing an additional 3,885,732 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in Capri during the 4th quarter valued at approximately $48,953,000. FMR LLC raised its stake in Capri by 389.2% during the third quarter. FMR LLC now owns 2,858,480 shares of the company's stock valued at $121,314,000 after buying an additional 2,274,149 shares during the last quarter. Oddo BHF Asset Management Sas bought a new stake in Capri in the third quarter worth $25,888,000. Finally, Lind Value II ApS bought a new position in shares of Capri during the fourth quarter valued at $9,087,000. Hedge funds and other institutional investors own 84.34% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on CPRI shares. Guggenheim reiterated a "buy" rating and issued a $30.00 price target on shares of Capri in a research note on Wednesday, February 12th. Barclays reduced their price target 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. StockNews.com upgraded Capri from a "sell" rating to a "hold" rating in a research note on Friday, February 7th. Citigroup raised Capri from a "neutral" rating to a "buy" rating and upped their price target for the company from $21.00 to $29.00 in a report on Friday, January 10th. Finally, Bank of America initiated coverage on Capri in a report on Monday, February 10th. They issued a "neutral" rating and a $23.00 price objective for the company. Nine equities research 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 a consensus price target of $25.92.

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Capri Stock Performance

Shares of CPRI stock traded up $0.15 during mid-day trading on Wednesday, reaching $19.51. 1,529,990 shares of the company's stock traded hands, compared to its average volume of 3,438,591. Capri Holdings Limited has a 12 month low of $18.52 and a 12 month high of $45.70. The firm has a 50 day moving average price of $22.09 and a two-hundred day moving average price of $25.86. The firm has a market capitalization of $2.30 billion, a PE ratio of -2.28, a price-to-earnings-growth 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 issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.45 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 period in the previous year, the firm posted $1.20 earnings per share. On average, research analysts forecast that Capri Holdings Limited will post 0.98 EPS for the current year.

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.