Sherbrooke Park Advisers LLC Purchases New Shares in Capri Holdings Limited (NYSE:CPRI)

Sherbrooke Park Advisers LLC acquired a new stake in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 39,243 shares of the company's stock, valued at approximately $826,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Capri by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 11,377,630 shares of the company's stock valued at $239,613,000 after acquiring an additional 151,866 shares during the last quarter. Norges Bank purchased a new stake in Capri during the fourth quarter valued at approximately $58,070,000. Primecap Management Co. CA lifted its position in Capri by 13.2% during the fourth quarter. Primecap Management Co. CA now owns 4,688,333 shares of the company's stock valued at $98,736,000 after acquiring an additional 547,578 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in Capri during the fourth quarter valued at approximately $2,167,000. Finally, SWS Partners purchased a new stake in Capri during the fourth quarter valued at approximately $1,468,000. 84.34% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. StockNews.com raised shares of Capri from a "sell" rating to a "hold" rating in a research report on Friday, February 7th. Wells Fargo & Company decreased their target price on shares of Capri from $30.00 to $25.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Robert W. Baird decreased their target price on shares of Capri from $26.00 to $18.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Bank of America started coverage on shares of Capri in a research report on Monday, February 10th. They set a "neutral" rating and a $23.00 target price for the company. Finally, Jefferies Financial Group raised their price target on shares of Capri from $20.00 to $23.00 and gave the stock a "hold" rating in a report on Tuesday, January 28th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Capri currently has a consensus rating of "Hold" and an average target price of $24.08.

Capri Stock Performance

Shares of Capri stock traded down $0.36 during trading on Monday, hitting $18.21. 2,261,098 shares of the company's stock were exchanged, compared to its average volume of 3,216,417. 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 has a 50-day simple moving average of $16.93 and a 200-day simple moving average of $20.24. Capri Holdings Limited has a 52-week low of $11.86 and a 52-week high of $43.34. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of -2.13, a PEG ratio of 7.80 and a beta of 1.64.

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.