Senvest Management LLC Takes Position in Capri Holdings Limited (NYSE:CPRI)

Senvest Management LLC acquired a new position in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 155,751 shares of the company's stock, valued at approximately $6,610,000. Senvest Management LLC owned 0.13% of Capri at the end of the most recent quarter.

Several other large investors have also modified their holdings of CPRI. Bessemer Group Inc. boosted its holdings in shares of Capri by 82.4% during the 1st quarter. Bessemer Group Inc. now owns 1,330 shares of the company's stock worth $60,000 after buying an additional 601 shares during the period. CWM LLC boosted its holdings in Capri by 35.2% in the 2nd quarter. CWM LLC now owns 2,452 shares of the company's stock valued at $81,000 after purchasing an additional 638 shares during the period. Signaturefd LLC boosted its holdings in Capri by 14.7% in the 2nd quarter. Signaturefd LLC now owns 2,734 shares of the company's stock valued at $90,000 after purchasing an additional 351 shares during the period. EMC Capital Management boosted its holdings in Capri by 32.7% in the 1st quarter. EMC Capital Management now owns 2,421 shares of the company's stock valued at $110,000 after purchasing an additional 596 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Capri by 1,580.1% in the 2nd quarter. GAMMA Investing LLC now owns 3,713 shares of the company's stock valued at $123,000 after purchasing an additional 3,492 shares during the period. 84.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CPRI has been the subject of a number of analyst reports. Barclays reaffirmed an "equal weight" rating and set a $21.00 price objective on shares of Capri in a report on Wednesday. Wells Fargo & Company reduced their price objective on shares of Capri from $42.00 to $23.00 and set an "equal weight" rating for the company in a report on Friday, October 25th. Telsey Advisory Group dropped their target price 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. Robert W. Baird dropped their target price on shares of Capri from $24.00 to $23.00 and set a "neutral" rating for the company in a research report on Friday, November 8th. Finally, TD Cowen dropped their target price on shares of Capri from $57.00 to $22.00 and set a "hold" rating for the company in a research report on Friday, November 15th. One investment analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $28.00.

Capri Trading Up 4.0 %

Capri stock traded up $0.78 during midday trading on Friday, hitting $20.48. 3,490,987 shares of the stock were exchanged, compared to its average volume of 9,060,261. The company has a fifty day simple moving average of $32.47 and a two-hundred day simple moving average of $33.53. Capri Holdings Limited has a 52 week low of $18.70 and a 52 week high of $51.23. The stock has a market capitalization of $2.41 billion, a PE ratio of -6.69, a P/E/G ratio of 4.20 and a beta of 2.05. The company has a quick ratio of 0.38, a current ratio of 0.93 and a debt-to-equity ratio of 0.83.

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.