Capri Holdings Limited (NYSE:CPRI) Holdings Boosted by Baird Financial Group Inc.

Baird Financial Group Inc. raised its stake in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) by 82.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,945 shares of the company's stock after buying an additional 21,600 shares during the quarter. Baird Financial Group Inc.'s holdings in Capri were worth $1,010,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of CPRI. Twin Tree Management LP purchased a new stake in Capri in the fourth quarter worth $45,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Capri during the fourth quarter worth about $74,000. KBC Group NV grew its holdings in Capri by 63.9% during the 4th quarter. KBC Group NV now owns 5,039 shares of the company's stock valued at $106,000 after buying an additional 1,965 shares in the last quarter. Sterling Capital Management LLC lifted its stake in shares of Capri by 58.9% in the 4th quarter. Sterling Capital Management LLC now owns 6,872 shares of the company's stock valued at $145,000 after purchasing an additional 2,546 shares during the last quarter. Finally, Triumph Capital Management bought a new stake in shares of Capri during the 4th quarter worth approximately $209,000. Hedge funds and other institutional investors own 84.34% of the company's stock.

Capri Trading Up 0.3%

CPRI stock traded up $0.06 during trading on Friday, reaching $18.55. 1,724,277 shares of the stock traded hands, compared to its average volume of 3,209,763. Capri Holdings Limited has a 52-week low of $11.86 and a 52-week high of $43.34. The firm has a market capitalization of $2.19 billion, a PE ratio of -2.17, a P/E/G ratio of 7.80 and a beta of 1.64. 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 business's 50 day moving average price is $16.96 and its 200-day moving average price is $20.24.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CPRI. Robert W. Baird cut their price target on Capri from $26.00 to $18.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Telsey Advisory Group reduced their price target on Capri from $23.00 to $17.00 and set a "market perform" rating for the company in a report on Friday, April 11th. StockNews.com upgraded Capri from a "sell" rating to a "hold" rating in a research note on Friday, February 7th. Wells Fargo & Company dropped their price target on Capri from $30.00 to $25.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Finally, Bank of America assumed 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. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $24.08.

Capri Company 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.