Tokio Marine Asset Management Co. Ltd. Increases Position in Capri Holdings Limited (NYSE:CPRI)

Tokio Marine Asset Management Co. Ltd. raised its holdings in Capri Holdings Limited (NYSE:CPRI - Free Report) by 127.2% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 167,000 shares of the company's stock after purchasing an additional 93,500 shares during the quarter. Tokio Marine Asset Management Co. Ltd. owned 0.14% of Capri worth $7,087,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. KBC Group NV lifted its holdings in Capri by 26.9% during the 3rd quarter. KBC Group NV now owns 3,074 shares of the company's stock worth $130,000 after buying an additional 652 shares in the last quarter. State of New Jersey Common Pension Fund D increased its position in shares of Capri by 3.0% during the third quarter. State of New Jersey Common Pension Fund D now owns 56,049 shares of the company's stock worth $2,379,000 after acquiring an additional 1,636 shares during the period. Olympiad Research LP raised its stake in shares of Capri by 47.5% in the third quarter. Olympiad Research LP now owns 41,864 shares of the company's stock valued at $1,777,000 after acquiring an additional 13,482 shares in the last quarter. US Bancorp DE boosted its holdings in Capri by 164.1% in the third quarter. US Bancorp DE now owns 5,097 shares of the company's stock valued at $216,000 after purchasing an additional 3,167 shares during the period. Finally, Nisa Investment Advisors LLC increased its holdings in Capri by 12.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 7,260 shares of the company's stock worth $308,000 after purchasing an additional 775 shares during the period. 84.34% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CPRI has been the subject of a number of analyst reports. Robert W. Baird lowered their price objective on Capri from $24.00 to $23.00 and set a "neutral" rating for the company in a research report on Friday, November 8th. UBS Group decreased their price objective on shares of Capri from $42.00 to $39.00 and set a "neutral" rating for the company in a research report on Wednesday, September 11th. Telsey Advisory Group reissued a "market perform" rating and issued a $26.00 target price on shares of Capri in a report on Friday, November 1st. Wells Fargo & Company cut their target price on Capri from $42.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Friday, October 25th. Finally, StockNews.com downgraded Capri from a "hold" rating to a "sell" rating in a report on Tuesday, August 27th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $30.29.

Capri Stock Performance

Shares of NYSE:CPRI traded up $0.88 during trading on Thursday, reaching $20.53. The company had a trading volume of 19,098,603 shares, compared to its average volume of 2,058,835. Capri Holdings Limited has a fifty-two week low of $18.70 and a fifty-two week high of $51.23. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.93 and a quick ratio of 0.38. The stock's fifty day moving average price is $34.87 and its 200 day moving average price is $34.28. The firm has a market capitalization of $2.42 billion, a price-to-earnings ratio of -6.71, a price-to-earnings-growth ratio of 3.84 and a beta of 2.05.

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.