Swiss National Bank Acquires 3,800 Shares of Capri Holdings Limited (NYSE:CPRI)

Swiss National Bank raised its stake in Capri Holdings Limited (NYSE:CPRI) by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 231,600 shares of the company’s stock after acquiring an additional 3,800 shares during the quarter. Swiss National Bank owned approximately 0.20% of Capri worth $4,877,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Pacer Advisors Inc. grew its holdings in shares of Capri by 22,554.7% during the fourth quarter. Pacer Advisors Inc. now owns 3,902,960 shares of the company’s stock worth $82,196,000 after purchasing an additional 3,885,732 shares during the last quarter. FMR LLC increased its position in Capri by 389.2% in the 3rd quarter. FMR LLC now owns 2,858,480 shares of the company’s stock valued at $121,314,000 after acquiring an additional 2,274,149 shares during the period. Vaughan Nelson Investment Management L.P. bought a new position in shares of Capri during the fourth quarter valued at $48,953,000. Geode Capital Management LLC lifted its holdings in shares of Capri by 2.2% during the third quarter. Geode Capital Management LLC now owns 1,942,145 shares of the company’s stock worth $82,446,000 after purchasing an additional 41,009 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Capri by 7.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,004,085 shares of the company’s stock worth $21,146,000 after purchasing an additional 73,672 shares during the last quarter. 84.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on CPRI shares. Citigroup raised Capri from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $21.00 to $29.00 in a report on Friday, January 10th. Wells Fargo & Company upped their target price on Capri from $28.00 to $30.00 and gave the company an “overweight” rating in a report on Monday, January 27th. Bank of America assumed coverage on shares of Capri in a report on Monday, February 10th. They set a “neutral” rating and a $23.00 price target for the company. BMO Capital Markets raised shares of Capri from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $25.00 to $31.00 in a research note on Monday, January 6th. Finally, Barclays lowered their target price on shares of Capri from $21.00 to $19.00 and set an “equal weight” rating for the company in a research note on Thursday, February 6th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $25.92.

Capri Stock Performance

Shares of CPRI opened at $21.34 on Tuesday. Capri Holdings Limited has a one year low of $18.53 and a one year high of $46.09. The company has a market cap of $2.52 billion, a PE ratio of -2.50, a P/E/G ratio of 7.80 and a beta of 2.10. The stock has a 50-day moving average of $22.40 and a 200-day moving average of $26.47. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.21 and a quick ratio of 0.59.

Capri (NYSE:CPRI) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.45 EPS for the quarter, missing the consensus estimate 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 prior year, the company posted $1.20 EPS. On average, equities research analysts predict that Capri Holdings Limited will post 0.98 EPS for the current fiscal year.

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.