Potrero Capital Research LLC Has $17.41 Million Stock Holdings in Capri Holdings Limited (NYSE:CPRI)

Potrero Capital Research LLC lifted its position in Capri Holdings Limited (NYSE:CPRI) by 211.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 410,194 shares of the company’s stock after acquiring an additional 278,662 shares during the quarter. Capri accounts for 5.5% of Potrero Capital Research LLC’s portfolio, making the stock its 5th largest position. Potrero Capital Research LLC owned about 0.35% of Capri worth $17,409,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CPRI. FMR LLC lifted its holdings in shares of Capri by 389.2% in the 3rd quarter. FMR LLC now owns 2,858,480 shares of the company’s stock worth $121,314,000 after acquiring an additional 2,274,149 shares during the last quarter. Baupost Group LLC MA bought a new stake in Capri during the 2nd quarter valued at about $33,080,000. DME Capital Management LP bought a new stake in Capri during the 2nd quarter valued at about $22,652,000. Primecap Management Co. CA lifted its holdings in Capri by 14.2% during the 3rd quarter. Primecap Management Co. CA now owns 4,140,755 shares of the company’s stock valued at $175,734,000 after buying an additional 515,963 shares in the last quarter. Finally, Cinctive Capital Management LP bought a new stake in Capri during the 3rd quarter valued at about $12,689,000. Institutional investors own 84.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CPRI shares. StockNews.com lowered shares of Capri from a “hold” rating to a “sell” rating in a report on Tuesday, August 27th. Wells Fargo & Company decreased their price objective on shares of Capri from $42.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, October 25th. Guggenheim upgraded shares of Capri from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Tuesday, November 26th. Barclays reiterated an “equal weight” rating and set a $21.00 price objective on shares of Capri in a report on Wednesday, November 20th. Finally, Telsey Advisory Group reduced their price target on shares of Capri from $26.00 to $23.00 and set a “market perform” rating for the company in a report on Friday, November 15th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $28.20.

Capri Stock Down 2.2 %

Shares of Capri stock opened at $22.86 on Wednesday. The firm’s 50 day moving average price is $30.27 and its 200-day moving average price is $32.86. The company has a quick ratio of 0.38, a current ratio of 0.93 and a debt-to-equity ratio of 0.83. Capri Holdings Limited has a 52-week low of $18.70 and a 52-week high of $51.23. The company has a market cap of $2.69 billion, a P/E ratio of -7.47, a PEG ratio of 4.98 and a beta of 2.05.

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.