Vontobel Holding Ltd. Buys 45,209 Shares of Capri Holdings Limited (NYSE:CPRI)

Vontobel Holding Ltd. grew its position in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) by 382.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,042 shares of the company's stock after purchasing an additional 45,209 shares during the quarter. Vontobel Holding Ltd.'s holdings in Capri were worth $1,201,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Dynamic Technology Lab Private Ltd bought a new stake in Capri in the third quarter worth $224,000. Riverwater Partners LLC purchased a new position in shares of Capri in the third quarter worth about $1,030,000. Senvest Management LLC bought a new stake in shares of Capri in the 3rd quarter valued at about $6,610,000. Primecap Management Co. CA boosted its holdings in Capri by 14.2% during the 3rd quarter. Primecap Management Co. CA now owns 4,140,755 shares of the company's stock valued at $175,734,000 after acquiring an additional 515,963 shares during the period. Finally, Anthracite Investment Company Inc. bought a new position in Capri during the 3rd quarter worth approximately $7,869,000. 84.34% of the stock is owned by hedge funds and other institutional investors.

Capri Trading Down 2.2 %

CPRI stock traded down $0.49 during trading on Friday, reaching $21.36. The company had a trading volume of 2,391,965 shares, compared to its average volume of 3,242,807. The business has a 50 day moving average of $22.58 and a 200 day moving average of $28.42. 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 $2.52 billion, a P/E ratio of -2.50, a PEG ratio of 8.06 and a beta of 2.06. Capri Holdings Limited has a 52 week low of $18.70 and a 52 week high of $47.17.

Capri (NYSE:CPRI - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate 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 prior year, the business posted $1.20 earnings per share. As a group, sell-side analysts forecast that Capri Holdings Limited will post 0.98 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have weighed in on CPRI. Bank of America initiated coverage on Capri in a research report on Monday, February 10th. They issued a "neutral" rating and a $23.00 price objective for the company. Wells Fargo & Company lifted their target price on shares of Capri from $28.00 to $30.00 and gave the stock an "overweight" rating in a research note on Monday, January 27th. Citigroup raised shares of Capri from a "neutral" rating to a "buy" rating and increased their price target for the company from $21.00 to $29.00 in a research report on Friday, January 10th. Robert W. Baird decreased their price objective on shares of Capri from $24.00 to $23.00 and set a "neutral" rating on the stock in a research report on Friday, November 8th. Finally, Jefferies Financial Group increased their target price on shares of Capri from $20.00 to $23.00 and gave the stock a "hold" rating in a report on Tuesday, January 28th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $25.92.

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.