Ingalls & Snyder LLC Acquires 62,450 Shares of Capri Holdings Limited (NYSE:CPRI)

Ingalls & Snyder LLC raised its stake in shares of Capri Holdings Limited (NYSE:CPRI) by 209.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,250 shares of the company’s stock after buying an additional 62,450 shares during the quarter. Ingalls & Snyder LLC owned about 0.08% of Capri worth $1,943,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Sunbelt Securities Inc. purchased a new position in Capri during the 3rd quarter valued at approximately $42,000. Quarry LP bought a new position in Capri during the third quarter valued at $53,000. KBC Group NV grew its stake in shares of Capri by 63.9% in the 4th quarter. KBC Group NV now owns 5,039 shares of the company’s stock worth $106,000 after buying an additional 1,965 shares in the last quarter. CWM LLC increased its holdings in shares of Capri by 26.9% in the 3rd quarter. CWM LLC now owns 3,112 shares of the company’s stock worth $132,000 after buying an additional 660 shares during the last quarter. Finally, Avior Wealth Management LLC raised its position in shares of Capri by 15.2% during the 3rd quarter. Avior Wealth Management LLC now owns 4,033 shares of the company’s stock valued at $171,000 after buying an additional 533 shares in the last quarter. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Wall Street Analysts Forecast Growth

CPRI has been the subject of several recent research reports. TD Cowen dropped their price target on Capri from $57.00 to $22.00 and set a “hold” rating for the company in a research report on Friday, November 15th. Jefferies Financial Group lifted their price objective on shares of Capri from $20.00 to $23.00 and gave the stock a “hold” rating in a research note on Tuesday, January 28th. Guggenheim reissued a “buy” rating and issued a $30.00 target price on shares of Capri in a research note on Wednesday. JPMorgan Chase & Co. lifted their price target on shares of Capri from $15.00 to $19.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. Finally, Wells Fargo & Company boosted their target price on Capri from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Capri has a consensus rating of “Hold” and an average target price of $25.92.

Capri Trading Up 0.4 %

NYSE CPRI opened at $22.71 on Friday. The company’s 50-day simple moving average is $22.55 and its two-hundred day simple moving average is $28.93. Capri Holdings Limited has a one year low of $18.70 and a one year high of $47.72. The company has a market capitalization of $2.68 billion, a price-to-earnings ratio of -2.66, a price-to-earnings-growth ratio of 4.97 and a beta of 2.06. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.38 and a current ratio of 1.21.

Capri (NYSE:CPRI) last announced 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 period in the previous year, the company earned $1.20 earnings per share. Equities analysts forecast that Capri Holdings Limited will post 1.51 EPS for the current fiscal 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.