Dynamic Technology Lab Private Ltd Takes $224,000 Position in Capri Holdings Limited (NYSE:CPRI)

Dynamic Technology Lab Private Ltd bought a new position in Capri Holdings Limited (NYSE:CPRI) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,274 shares of the company’s stock, valued at approximately $224,000.

A number of other hedge funds also recently made changes to their positions in the company. CWM LLC raised its position in shares of Capri by 35.2% during the 2nd quarter. CWM LLC now owns 2,452 shares of the company’s stock valued at $81,000 after buying an additional 638 shares in the last quarter. Signaturefd LLC raised its position in Capri by 14.7% during the second quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock valued at $90,000 after purchasing an additional 351 shares during the period. KBC Group NV lifted its stake in shares of Capri by 26.9% in the 3rd quarter. KBC Group NV now owns 3,074 shares of the company’s stock valued at $130,000 after purchasing an additional 652 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Capri by 1,580.1% in the 2nd quarter. GAMMA Investing LLC now owns 3,713 shares of the company’s stock worth $123,000 after purchasing an additional 3,492 shares during the period. Finally, Avior Wealth Management LLC increased 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 purchasing an additional 533 shares during the last quarter. 84.34% of the stock is currently owned by hedge funds and other institutional investors.

Capri Trading Down 0.1 %

NYSE:CPRI opened at $23.38 on Tuesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.38 and a current ratio of 0.93. The firm has a 50-day simple moving average of $30.57 and a 200-day simple moving average of $32.95. Capri Holdings Limited has a one year low of $18.70 and a one year high of $51.23. The firm has a market cap of $2.76 billion, a P/E ratio of -7.64, a P/E/G ratio of 4.99 and a beta of 2.05.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CPRI. Citigroup downgraded Capri from a “buy” rating to a “neutral” rating and set a $41.00 price target for the company. in a research report on Friday, September 13th. Robert W. Baird dropped their price target on shares of Capri from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Guggenheim raised shares of Capri from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Tuesday, November 26th. StockNews.com lowered Capri from a “hold” rating to a “sell” rating in a research report on Tuesday, August 27th. Finally, Telsey Advisory Group reduced their price target on Capri from $26.00 to $23.00 and set a “market perform” rating on the stock in a report on Friday, November 15th. One investment 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. Based on data from MarketBeat.com, Capri has a consensus rating of “Hold” and a consensus target price of $28.20.

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.