Bank of Nova Scotia Grows Stake in Capri Holdings Limited (NYSE:CPRI)

Bank of Nova Scotia lifted its stake in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) by 386.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 288,900 shares of the company's stock after acquiring an additional 229,500 shares during the quarter. Bank of Nova Scotia owned approximately 0.25% of Capri worth $6,084,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also bought and sold shares of CPRI. Integrated Wealth Concepts LLC purchased a new stake in Capri in the 3rd quarter valued at $318,000. Quantinno Capital Management LP bought a new position in shares of Capri in the third quarter worth $260,000. Wellington Management Group LLP increased its position in shares of Capri by 6.5% during the third quarter. Wellington Management Group LLP now owns 112,045 shares of the company's stock valued at $4,755,000 after buying an additional 6,846 shares during the period. MML Investors Services LLC lifted its stake in Capri by 49.6% in the 3rd quarter. MML Investors Services LLC now owns 18,443 shares of the company's stock worth $783,000 after purchasing an additional 6,112 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new stake in Capri during the third quarter valued at $3,804,000. Institutional investors own 84.34% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CPRI shares. Barclays decreased their target price on shares of Capri from $19.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. Jefferies Financial Group lifted their price target on Capri from $20.00 to $23.00 and gave the company a "hold" rating in a research report on Tuesday, January 28th. Wells Fargo & Company cut their price target on Capri from $30.00 to $25.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. BMO Capital Markets upgraded shares of Capri from a "market perform" rating to an "outperform" rating and increased their price target for the company from $25.00 to $31.00 in a report on Monday, January 6th. Finally, Telsey Advisory Group dropped their price target on shares of Capri from $23.00 to $17.00 and set a "market perform" rating on the stock in a report on Friday, April 11th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Capri currently has an average rating of "Hold" and a consensus target price of $24.08.

Capri Stock Up 4.5 %

CPRI traded up $0.60 on Thursday, hitting $13.87. 754,709 shares of the company were exchanged, compared to its average volume of 3,109,685. The firm has a 50-day moving average price of $19.53 and a two-hundred day moving average price of $23.84. The company has a market cap of $1.63 billion, a price-to-earnings ratio of -1.62, a price-to-earnings-growth ratio of 7.80 and a beta of 1.77. Capri Holdings Limited has a twelve month low of $11.86 and a twelve month high of $43.34. The company has a current ratio of 1.21, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36.

Capri (NYSE:CPRI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates of $0.72 by ($0.27). Capri had a positive return on equity of 12.89% and a negative net margin of 21.79%. During the same period last year, the firm earned $1.20 EPS. On average, equities analysts predict that Capri Holdings Limited will post 0.98 earnings per share for the current year.

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.