Twin Lakes Capital Management LLC Grows Holdings in Capri Holdings Limited (NYSE:CPRI)

Twin Lakes Capital Management LLC lifted its position in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) by 88.5% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 323,736 shares of the company's stock after buying an additional 151,988 shares during the quarter. Capri comprises 3.6% of Twin Lakes Capital Management LLC's holdings, making the stock its 4th biggest position. Twin Lakes Capital Management LLC owned 0.27% of Capri worth $6,818,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Janney Montgomery Scott LLC increased its position in shares of Capri by 174.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 21,670 shares of the company's stock worth $456,000 after purchasing an additional 13,785 shares during the period. LexAurum Advisors LLC bought a new position in shares of Capri in the fourth quarter worth $211,000. Exchange Traded Concepts LLC increased its position in shares of Capri by 3.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 21,767 shares of the company's stock worth $458,000 after purchasing an additional 643 shares during the period. Avaii Wealth Management LLC increased its position in shares of Capri by 95.8% in the fourth quarter. Avaii Wealth Management LLC now owns 13,381 shares of the company's stock worth $282,000 after purchasing an additional 6,546 shares during the period. Finally, KBC Group NV increased its position in shares of Capri by 63.9% in the fourth quarter. KBC Group NV now owns 5,039 shares of the company's stock worth $106,000 after purchasing an additional 1,965 shares during the period. Institutional investors and hedge funds own 84.34% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Barclays decreased their price target on Capri from $19.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. Bank of America began coverage on Capri in a research report on Monday, February 10th. They issued a "neutral" rating and a $23.00 price target on the stock. Jefferies Financial Group lifted 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. Robert W. Baird decreased their target price on Capri from $26.00 to $18.00 and set a "neutral" rating on the stock in a research report on Friday, April 11th. Finally, Guggenheim reiterated a "buy" rating and issued a $30.00 target price on shares of Capri in a research report on Wednesday, February 12th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $24.08.

Capri Trading Up 4.0%

Shares of NYSE:CPRI traded up $0.68 during midday trading on Tuesday, hitting $17.48. 6,548,431 shares of the stock were exchanged, compared to its average volume of 3,269,435. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of -2.04, 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 quick ratio of 0.59 and a current ratio of 1.21. The business's 50-day moving average price is $16.55 and its 200 day moving average price is $20.11. Capri Holdings Limited has a 12 month low of $11.86 and a 12 month high of $43.34.

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.