CenterStar Asset Management LLC purchased a new stake in shares of Capri Holdings Ltd (NYSE:CPRI) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,055 shares of the company’s stock, valued at approximately $49,000.
Several other institutional investors have also recently made changes to their positions in the company. State of Alaska Department of Revenue purchased a new stake in shares of Capri in the first quarter valued at $1,498,000. Campbell & CO Investment Adviser LLC purchased a new stake in Capri during the fourth quarter valued at about $386,000. Nisa Investment Advisors LLC purchased a new stake in Capri during the fourth quarter valued at about $3,845,000. Investors Research Corp purchased a new stake in Capri during the first quarter valued at about $1,264,000. Finally, James Investment Research Inc. purchased a new stake in Capri during the first quarter valued at about $921,000. Hedge funds and other institutional investors own 78.76% of the company’s stock.
Shares of NYSE:CPRI traded down $0.88 during trading on Wednesday, hitting $39.74. The company’s stock had a trading volume of 1,934,650 shares, compared to its average volume of 2,609,866. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.93 and a current ratio of 2.48. The stock has a market cap of $6.03 billion, a price-to-earnings ratio of 8.79, a price-to-earnings-growth ratio of 1.22 and a beta of 0.47. Capri Holdings Ltd has a fifty-two week low of $35.68 and a fifty-two week high of $75.96.
A number of research analysts have commented on the company. UBS Group reduced their price objective on Capri from $75.00 to $73.00 and set a “buy” rating on the stock in a research note on Tuesday, April 30th. Needham & Company LLC reduced their price objective on Capri from $67.00 to $61.00 and set a “buy” rating on the stock in a research note on Friday, February 1st. Canaccord Genuity set a $76.00 price objective on Capri and gave the stock a “buy” rating in a research note on Saturday, February 2nd. Zacks Investment Research upgraded Capri from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research note on Wednesday, May 8th. Finally, Guggenheim restated a “hold” rating on shares of Capri in a research note on Wednesday, February 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $58.29.
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Capri Holdings Limited design, markets, distributes, and retails branded women's and men's apparel and accessories. It operates in four segments: MK Retail, MK Wholesale, MK Licensing, and Jimmy Choo. The MK Retail segment sells women's apparel; handbags and small leather goods; men's apparel; footwear; and licensed products comprising watches, jewelry, fragrances, and beauty and eyewear.
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