Frontier Capital Management Co. LLC acquired a new stake in shares of Capri Holdings Ltd (NYSE:CPRI) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,330,780 shares of the company’s stock, valued at approximately $60,883,000.
Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Geode Capital Management LLC acquired a new stake in Capri in the 4th quarter worth about $89,438,000. Janus Henderson Group PLC acquired a new stake in Capri in the 1st quarter worth about $43,256,000. Teacher Retirement System of Texas acquired a new stake in Capri in the 1st quarter worth about $41,733,000. Robeco Institutional Asset Management B.V. acquired a new stake in Capri in the 1st quarter worth about $33,653,000. Finally, Systematic Financial Management LP acquired a new stake in Capri in the 1st quarter worth about $30,418,000. 78.76% of the stock is currently owned by institutional investors and hedge funds.
A number of brokerages have issued reports on CPRI. Zacks Investment Research raised Capri from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research note on Wednesday, May 8th. Barclays began coverage on Capri in a research note on Tuesday, February 26th. They issued an “overweight” rating and a $53.00 price target on the stock. ValuEngine raised Capri from a “strong sell” rating to a “sell” rating in a research note on Friday, February 8th. Guggenheim reaffirmed a “hold” rating on shares of Capri in a research note on Wednesday, February 6th. Finally, 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. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. Capri presently has an average rating of “Buy” and a consensus price target of $58.29.
NYSE CPRI opened at $40.28 on Friday. The stock has a market capitalization of $6.06 billion, a PE ratio of 8.91, a PEG ratio of 1.22 and a beta of 0.47. Capri Holdings Ltd has a 1-year low of $35.68 and a 1-year high of $75.96. The company has a current ratio of 2.48, a quick ratio of 1.93 and a debt-to-equity ratio of 0.86.
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Capri Company Profile
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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