Charles Schwab Investment Management Inc. Boosts Holdings in Capri Holdings Limited (NYSE:CPRI)

Charles Schwab Investment Management Inc. increased its holdings in Capri Holdings Limited (NYSE:CPRI) by 7.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,004,085 shares of the company’s stock after purchasing an additional 73,672 shares during the period. Charles Schwab Investment Management Inc. owned 0.85% of Capri worth $21,146,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. Proficio Capital Partners LLC purchased a new position in Capri in the 4th quarter worth approximately $344,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Capri during the 4th quarter worth approximately $574,000. State of New Jersey Common Pension Fund D raised its holdings in shares of Capri by 86.8% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 104,696 shares of the company’s stock worth $2,205,000 after acquiring an additional 48,647 shares in the last quarter. L.M. Kohn & Company purchased a new stake in shares of Capri during the 4th quarter worth approximately $234,000. Finally, Hourglass Capital LLC purchased a new stake in shares of Capri during the 4th quarter worth approximately $2,034,000. 84.34% of the stock is owned by hedge funds and other institutional investors.

Capri Trading Up 1.7 %

NYSE CPRI opened at $20.85 on Thursday. The company’s 50-day moving average price is $22.56 and its 200-day moving average price is $26.90. The company has a current ratio of 1.21, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36. The stock has a market cap of $2.46 billion, a PE ratio of -2.44, a PEG ratio of 7.80 and a beta of 2.10. Capri Holdings Limited has a 12 month low of $18.53 and a 12 month high of $46.15.

Capri (NYSE:CPRI) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.45 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 in the prior year, the firm earned $1.20 earnings per share. Equities research analysts forecast that Capri Holdings Limited will post 0.98 earnings per share for the current year.

Analyst Upgrades and Downgrades

CPRI has been the topic of several recent research reports. Citigroup raised Capri from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $21.00 to $29.00 in a report on Friday, January 10th. JPMorgan Chase & Co. upped their price objective on Capri from $15.00 to $19.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. Guggenheim reaffirmed a “buy” rating and set a $30.00 price objective on shares of Capri in a report on Wednesday, February 12th. Barclays decreased their price objective on Capri from $21.00 to $19.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $23.00 price target on shares of Capri in a research report on Thursday, February 20th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $25.92.

Capri Company 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.