Y Intercept Hong Kong Ltd Makes New Investment in Capri Holdings Limited (NYSE:CPRI)

Y Intercept Hong Kong Ltd purchased a new position in Capri Holdings Limited (NYSE:CPRI - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 27,267 shares of the company's stock, valued at approximately $574,000.

Several other institutional investors and hedge funds have also modified their holdings of the business. Primecap Management Co. CA grew its stake in Capri by 14.2% during the third 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 in the last quarter. Pacer Advisors Inc. boosted its stake in 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 buying an additional 3,885,732 shares during the last quarter. FMR LLC grew its holdings in Capri by 389.2% during the 3rd 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 in the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in Capri in the 4th quarter worth approximately $48,953,000. Finally, Geode Capital Management LLC raised its holdings in shares of Capri by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,942,145 shares of the company's stock worth $82,446,000 after acquiring an additional 41,009 shares in the last quarter. Hedge funds and other institutional investors own 84.34% of the company's stock.

Wall Street Analysts Forecast Growth

CPRI has been the topic of several research reports. Bank of America started coverage on shares of Capri in a research report on Monday, February 10th. They issued a "neutral" rating and a $23.00 price target on the stock. Barclays reduced their target price on shares of Capri from $21.00 to $19.00 and set an "equal weight" rating on the stock in a report on Thursday, February 6th. JPMorgan Chase & Co. increased their price target on shares of Capri from $15.00 to $19.00 and gave the company a "neutral" rating in a report on Monday, December 16th. TD Cowen reduced their price objective on Capri from $57.00 to $22.00 and set a "hold" rating on the stock in a research note on Friday, November 15th. Finally, Wells Fargo & Company upped their price objective on Capri from $28.00 to $30.00 and gave the company an "overweight" rating in a research report on Monday, January 27th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, Capri presently has an average rating of "Hold" and an average target price of $25.92.

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Capri Stock Down 0.8 %

Shares of CPRI stock traded down $0.18 during mid-day trading on Wednesday, hitting $22.20. 4,056,833 shares of the stock traded hands, compared to its average volume of 3,393,227. Capri Holdings Limited has a 52-week low of $18.70 and a 52-week high of $47.17. The stock's fifty day moving average is $22.61 and its two-hundred day moving average is $27.91. 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 stock has a market cap of $2.62 billion, a P/E ratio of -2.60, a P/E/G ratio of 7.80 and a beta of 2.10.

Capri (NYSE:CPRI - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.45 EPS for the quarter, missing the consensus estimate 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 in the previous year, the business earned $1.20 earnings per share. Equities analysts predict that Capri Holdings Limited will post 0.98 EPS for the current year.

About Capri

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.