Invesco Ltd. Acquires 150,752 Shares of Capri Holdings Limited (NYSE:CPRI)

Invesco Ltd. boosted its stake in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) by 67.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 374,928 shares of the company's stock after purchasing an additional 150,752 shares during the quarter. Invesco Ltd. owned about 0.32% of Capri worth $7,896,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CPRI. Twin Tree Management LP bought a new position in Capri in the 4th quarter worth approximately $45,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Capri in the fourth quarter worth $74,000. KBC Group NV increased its position in Capri by 63.9% during the fourth quarter. KBC Group NV now owns 5,039 shares of the company's stock worth $106,000 after acquiring an additional 1,965 shares during the period. LexAurum Advisors LLC acquired a new stake in Capri in the 4th quarter worth $211,000. Finally, L.M. Kohn & Company bought a new position in shares of Capri during the 4th quarter worth about $234,000. Institutional investors and hedge funds own 84.34% of the company's stock.

Analyst Upgrades and Downgrades

CPRI has been the topic of a number of recent research reports. Jefferies Financial Group lifted their target price on Capri from $20.00 to $23.00 and gave the stock a "hold" rating in a research report on Tuesday, January 28th. BMO Capital Markets upgraded Capri from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $25.00 to $31.00 in a research report on Monday, January 6th. Guggenheim reiterated a "buy" rating and set a $30.00 price target on shares of Capri in a research note on Wednesday, February 12th. StockNews.com upgraded shares of Capri from a "sell" rating to a "hold" rating in a research note on Friday, February 7th. Finally, Wells Fargo & Company reduced their price objective on shares of Capri from $30.00 to $25.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $24.08.

Capri Price Performance

Shares of CPRI stock traded up $0.02 during trading hours on Wednesday, hitting $15.04. 2,948,151 shares of the company's stock were exchanged, compared to its average volume of 3,125,671. Capri Holdings Limited has a 52 week low of $11.86 and a 52 week high of $43.34. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of -1.76, a price-to-earnings-growth ratio of 7.80 and a beta of 1.77. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.21 and a quick ratio of 0.59. The stock's 50-day moving average is $18.11 and its 200-day moving average is $21.95.

Capri (NYSE:CPRI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate 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 quarter last year, the company posted $1.20 EPS. As a group, research analysts forecast 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.