Vision One Management Partners LP Buys New Holdings in Capri Holdings Limited (NYSE:CPRI)

Vision One Management Partners LP acquired a new position in Capri Holdings Limited (NYSE:CPRI - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 821,759 shares of the company's stock, valued at approximately $17,306,000. Capri makes up approximately 9.3% of Vision One Management Partners LP's investment portfolio, making the stock its 5th biggest holding. Vision One Management Partners LP owned approximately 0.70% of Capri at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC increased its holdings in shares of Capri by 174.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 21,670 shares of the company's stock valued at $456,000 after acquiring an additional 13,785 shares in the last quarter. LexAurum Advisors LLC bought a new position in shares of Capri during the fourth quarter valued at $211,000. Exchange Traded Concepts LLC increased its holdings in shares of Capri by 3.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 21,767 shares of the company's stock valued at $458,000 after acquiring an additional 643 shares in the last quarter. Avaii Wealth Management LLC increased its holdings in shares of Capri by 95.8% during the fourth quarter. Avaii Wealth Management LLC now owns 13,381 shares of the company's stock valued at $282,000 after acquiring an additional 6,546 shares in the last quarter. Finally, KBC Group NV increased its holdings 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 acquiring an additional 1,965 shares in the last quarter. Institutional investors own 84.34% of the company's stock.

Capri Stock Performance

NYSE:CPRI traded down $0.45 on Friday, hitting $16.79. The stock had a trading volume of 3,419,596 shares, compared to its average volume of 3,247,181. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of -1.96, a price-to-earnings-growth ratio of 7.80 and a beta of 1.64. The company has a quick ratio of 0.59, a current ratio of 1.21 and a debt-to-equity ratio of 1.36. The business's 50-day simple moving average is $16.63 and its two-hundred day simple moving average is $20.16. Capri Holdings Limited has a 52-week low of $11.86 and a 52-week high of $43.34.

Analyst Ratings Changes

Several brokerages have recently weighed in on CPRI. Jefferies Financial Group raised their price target on Capri from $20.00 to $23.00 and gave the company a "hold" rating in a report on Tuesday, January 28th. Robert W. Baird reduced their price target on Capri from $26.00 to $18.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Wells Fargo & Company dropped their price objective on Capri from $30.00 to $25.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Telsey Advisory Group dropped their price objective on Capri from $23.00 to $17.00 and set a "market perform" rating on the stock in a research report on Friday, April 11th. Finally, Bank of America initiated coverage on Capri in a research report on Monday, February 10th. They set a "neutral" rating and a $23.00 price objective on the stock. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Capri presently has an average rating of "Hold" and a consensus price target 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.