102,905 Shares in Capri Holdings Limited (NYSE:CPRI) Purchased by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 102,905 shares of the company's stock, valued at approximately $2,167,000. Raymond James Financial Inc. owned 0.09% of Capri as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. FMR LLC increased its position in shares of Capri by 249.4% during the fourth quarter. FMR LLC now owns 9,987,603 shares of the company's stock worth $210,339,000 after acquiring an additional 7,129,123 shares during the period. Pacer Advisors Inc. raised its position in Capri by 22,554.7% in the 4th quarter. Pacer Advisors Inc. now owns 3,902,960 shares of the company's stock valued at $82,196,000 after purchasing an additional 3,885,732 shares in the last quarter. Norges Bank acquired a new stake in Capri in the 4th quarter valued at about $58,070,000. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Capri in the 4th quarter valued at about $48,953,000. Finally, Segall Bryant & Hamill LLC acquired a new position in shares of Capri during the fourth quarter worth about $24,617,000. 84.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on CPRI. Guggenheim reiterated a "buy" rating and issued a $30.00 price target on shares of Capri in a research note on Wednesday, February 12th. Robert W. Baird lowered their target price on shares of Capri from $26.00 to $18.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. Jefferies Financial Group increased their target price on Capri from $20.00 to $23.00 and gave the company a "hold" rating in a report on Tuesday, January 28th. Bank of America began coverage on Capri in a report on Monday, February 10th. They set a "neutral" rating and a $23.00 price target for the company. Finally, Barclays cut their target price 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. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $24.08.

Capri Stock Performance

Shares of NYSE:CPRI traded up $0.48 during trading on Friday, reaching $15.53. The company had a trading volume of 2,991,005 shares, compared to its average volume of 3,137,333. 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 firm has a market capitalization of $1.83 billion, a price-to-earnings ratio of -1.82, a price-to-earnings-growth ratio of 7.80 and a beta of 1.77. The stock's fifty day moving average price is $17.76 and its 200 day moving average price is $21.37. Capri Holdings Limited has a fifty-two week low of $11.86 and a fifty-two week high of $43.34.

Capri (NYSE:CPRI - Get Free Report) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.72 by ($0.27). 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 company earned $1.20 EPS. As a group, equities research analysts predict that Capri Holdings Limited will post 0.98 EPS 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.