Capri Holdings Limited (NYSE:CPRI) Shares Purchased by Ameriprise Financial Inc.

Ameriprise Financial Inc. raised its position in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) by 74.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 808,997 shares of the company's stock after purchasing an additional 345,895 shares during the quarter. Ameriprise Financial Inc. owned 0.69% of Capri worth $17,037,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Arizona State Retirement System raised its position in Capri by 1.8% during the fourth quarter. Arizona State Retirement System now owns 34,185 shares of the company's stock valued at $720,000 after acquiring an additional 596 shares in the last quarter. Exchange Traded Concepts LLC raised its position in Capri by 3.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 21,767 shares of the company's stock valued at $458,000 after acquiring an additional 643 shares in the last quarter. Xponance Inc. raised its position in Capri by 5.7% during the fourth quarter. Xponance Inc. now owns 14,056 shares of the company's stock valued at $296,000 after acquiring an additional 757 shares in the last quarter. KBC Group NV raised its position in Capri by 63.9% during the fourth quarter. KBC Group NV now owns 5,039 shares of the company's stock valued at $106,000 after acquiring an additional 1,965 shares in the last quarter. Finally, Twin Tree Management LP purchased a new position in Capri during the fourth quarter valued at approximately $45,000. Hedge funds and other institutional investors own 84.34% of the company's stock.

Analyst Ratings Changes

CPRI has been the subject of a number of analyst reports. Guggenheim reiterated a "buy" rating and issued a $30.00 price objective on shares of Capri in a research report on Wednesday, February 12th. Telsey Advisory Group decreased their price objective on shares of Capri from $23.00 to $17.00 and set a "market perform" rating for the company in a research report on Friday, April 11th. Robert W. Baird decreased their price objective on shares of Capri from $26.00 to $18.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. StockNews.com upgraded Capri from a "sell" rating to a "hold" rating in a research report on Friday, February 7th. Finally, Jefferies Financial Group increased their target price on Capri from $20.00 to $23.00 and gave the company a "hold" rating in a research report on Tuesday, January 28th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $24.08.

Capri Price Performance

Shares of Capri stock traded down $0.36 during trading hours on Monday, reaching $18.21. 2,261,098 shares of the company's stock were exchanged, compared to its average volume of 3,216,417. Capri Holdings Limited has a 1 year low of $11.86 and a 1 year high of $43.34. The company has a market capitalization of $2.15 billion, a P/E ratio of -2.13, a price-to-earnings-growth ratio of 7.80 and a beta of 1.64. The business has a fifty day moving average of $16.93 and a two-hundred day moving average of $20.24. The company has a quick ratio of 0.59, a current ratio of 1.21 and a debt-to-equity ratio of 1.36.

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.