BNP Paribas Financial Markets Purchases 117,944 Shares of Capri Holdings Limited (NYSE:CPRI)

BNP Paribas Financial Markets raised its holdings in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) by 347.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 151,896 shares of the company's stock after acquiring an additional 117,944 shares during the quarter. BNP Paribas Financial Markets owned about 0.13% of Capri worth $3,199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of CPRI. Twin Tree Management LP purchased a new stake in Capri during the fourth quarter valued at about $45,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Capri in the 4th quarter worth approximately $74,000. KBC Group NV increased its stake in shares of 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 buying an additional 1,965 shares during the period. Sterling Capital Management LLC raised its holdings in shares of Capri by 58.9% during the fourth quarter. Sterling Capital Management LLC now owns 6,872 shares of the company's stock valued at $145,000 after acquiring an additional 2,546 shares in the last quarter. Finally, Triumph Capital Management purchased a new stake in Capri in the fourth quarter worth $209,000. Institutional investors own 84.34% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Bank of America assumed coverage on shares of Capri in a research report on Monday, February 10th. They issued a "neutral" rating and a $23.00 target price for the company. Guggenheim reaffirmed a "buy" rating and set a $30.00 price objective on shares of Capri in a research report on Wednesday, February 12th. Wells Fargo & Company reduced their target price on Capri from $30.00 to $25.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Telsey Advisory Group lowered their target price on Capri from $23.00 to $17.00 and set a "market perform" rating for the company in a research note on Friday, April 11th. Finally, Barclays reduced their price target on Capri from $19.00 to $13.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 10th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Capri currently has an average rating of "Hold" and a consensus price target of $24.08.

Capri Stock Performance

NYSE CPRI traded up $0.06 during trading hours on Friday, hitting $18.55. The company's stock had a trading volume of 1,724,277 shares, compared to its average volume of 3,220,254. Capri Holdings Limited has a 12 month low of $11.86 and a 12 month high of $43.34. The company's 50 day simple moving average is $16.96 and its two-hundred day simple moving average is $20.25. The company has a market cap of $2.19 billion, a P/E ratio of -2.17, a price-to-earnings-growth 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.

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.