2 weeks Ago By ABMN Staff
Invesco Ltd. grew its stake in Capri Holdings Limited ( NYSE:CPRI – Free Report ) by 67.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 374,928 shares of the company’s stock after acquiring an additional 150,752 shares during the period. Invesco Ltd.’s holdings in Capri were worth $7,896,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC lifted its stake in Capri by 249.4% in the fourth quarter.
FMR LLC now owns 9,987,603 shares of the company’s stock valued at $210,339,000 after acquiring an additional 7,129,123 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Capri by 22,554.
7% in the fourth 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 during the last quarter.
Norges Bank acquired a new stake in shares of Capri during the 4th quarter worth about $58,070,000. Vaughan Nelson Investment Management L.P.
bought a new stake in shares of Capri during the 4th quarter worth about $48,953,000. Finally, Segall Bryant & Hamill LLC acquired a new position in Capri in the 4th quarter valued at about $24,617,000. Institutional investors and hedge funds own 84.
34% of the company’s stock. Wall Street Analyst Weigh In CPRI has been the subject of several research reports. Jefferies Financial Group lifted their price target on Capri from $20.
00 to $23.00 and gave the stock a “hold” rating in a report on Tuesday, January 28th. Wells Fargo & Company decreased their price target on shares of Capri from $30.
00 to $25.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Guggenheim reissued a “buy” rating and issued a $30.
00 price objective on shares of Capri in a report on Wednesday, February 12th. Citigroup raised shares of Capri from a “neutral” rating to a “buy” rating and raised their target price for the stock from $21.00 to $29.
00 in a report on Friday, January 10th. Finally, Bank of America began coverage on Capri in a research note on Monday, February 10th. They issued a “neutral” rating and a $23.
00 price target for the company. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.
com, the stock has an average rating of “Hold” and an average target price of $24.08. Capri Stock Performance Capri stock opened at $14.
71 on Friday. 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 stock has a market cap of $1.
73 billion, a PE ratio of -1.72, a P/E/G ratio of 7.80 and a beta of 1.
77. Capri Holdings Limited has a 12-month low of $11.86 and a 12-month high of $43.
34. The business’s 50-day moving average price is $18.68 and its two-hundred day moving average price is $22.
87. Capri ( NYSE:CPRI – Get Free Report ) last released its quarterly earnings data 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 positive return on equity of 12.89% and a negative net margin of 21.79%.
During the same quarter last year, the firm earned $1.20 EPS. As a group, analysts expect that Capri Holdings Limited will post 0.
98 earnings per share for the current fiscal year. Capri Profile ( Free Report ) 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. Recommended Stories Want to see what other hedge funds are holding CPRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capri Holdings Limited ( NYSE:CPRI – Free Report ).
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