Cetera Investment Advisers Buys Shares of 52,774 Capri Holdings Limited (NYSE:CPRI)

Cetera Investment Advisers bought a new position in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 52,774 shares of the company's stock, valued at approximately $1,111,000.

Other institutional investors have also made changes to their positions in the company. Twin Tree Management LP acquired a new stake in Capri during the fourth quarter valued at approximately $45,000. Aster Capital Management DIFC Ltd acquired a new position in Capri during the 4th quarter valued at about $74,000. KBC Group NV lifted its stake in shares of Capri by 63.9% in the 4th quarter. KBC Group NV now owns 5,039 shares of the company's stock valued at $106,000 after purchasing an additional 1,965 shares during the period. Sterling Capital Management LLC raised its holdings in Capri by 58.9% in the fourth quarter. Sterling Capital Management LLC now owns 6,872 shares of the company's stock worth $145,000 after purchasing an additional 2,546 shares during the period. Finally, Triumph Capital Management acquired a new stake in Capri during the 4th quarter worth approximately $209,000. 84.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CPRI shares. Barclays decreased their target price on shares of Capri from $19.00 to $13.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. Telsey Advisory Group reduced their price target on shares of Capri from $23.00 to $17.00 and set a "market perform" rating on the stock in a research note on Friday, April 11th. Guggenheim restated a "buy" rating and issued a $30.00 price target on shares of Capri in a research report on Wednesday, February 12th. Wall Street Zen upgraded shares of Capri from a "sell" rating to a "hold" rating in a report on Friday, February 7th. Finally, Bank of America initiated coverage on Capri in a report on Monday, February 10th. They issued a "neutral" rating and a $23.00 price target on the stock. Nine 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, the stock currently has a consensus rating of "Hold" and an average price target of $24.08.

Capri Stock Performance

NYSE CPRI traded up $0.67 on Wednesday, hitting $18.22. 1,979,172 shares of the company's stock traded hands, compared to its average volume of 3,854,658. The firm has a market capitalization of $2.15 billion, a PE ratio of -2.13, a P/E/G ratio of 7.80 and a beta of 1.64. Capri Holdings Limited has a 1-year low of $11.86 and a 1-year high of $43.34. The firm's 50-day moving average price is $16.49 and its two-hundred day moving average price is $20.09. 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 announced its earnings results on Wednesday, May 28th. The company reported ($4.90) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($5.12). Capri had a negative net margin of 21.79% and a positive return on equity of 12.89%. During the same quarter last year, the business posted $0.42 earnings per share. The firm's revenue for the quarter was down 15.4% compared to the same quarter last year. As a group, analysts expect that Capri Holdings Limited will post 0.98 EPS for the current year.

Capri 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.