Raymond James Financial Inc. Purchases New Stake in Capri Holdings Limited (NYSE:CPRI)

Raymond James Financial Inc. acquired a new position in shares of Capri Holdings Limited (NYSE:CPRI) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 102,905 shares of the company’s stock, valued at approximately $2,167,000. Raymond James Financial Inc. owned 0.09% of Capri at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of CPRI. Pacer Advisors Inc. increased its position in shares of Capri by 22,554.7% in the fourth quarter. Pacer Advisors Inc. now owns 3,902,960 shares of the company’s stock valued at $82,196,000 after buying an additional 3,885,732 shares in the last quarter. FMR LLC increased its holdings in Capri by 389.2% during 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 in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in Capri during the fourth quarter worth about $48,953,000. Geode Capital Management LLC lifted its holdings in shares of Capri by 2.2% in the third quarter. Geode Capital Management LLC now owns 1,942,145 shares of the company’s stock valued at $82,446,000 after purchasing an additional 41,009 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position 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 valued at $21,146,000 after purchasing an additional 73,672 shares during the last quarter. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Capri Trading Down 1.4 %

Shares of CPRI stock opened at $20.30 on Monday. The company has a current ratio of 1.21, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36. Capri Holdings Limited has a 1 year low of $18.53 and a 1 year high of $45.77. The firm’s fifty day simple moving average is $22.17 and its 200 day simple moving average is $26.10. The firm has a market capitalization of $2.39 billion, a P/E ratio of -2.37, a price-to-earnings-growth ratio of 7.80 and a beta of 2.10.

Capri (NYSE:CPRI) last issued its earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share 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 quarter last year, the business earned $1.20 EPS. As a group, sell-side analysts predict that Capri Holdings Limited will post 0.98 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have commented on CPRI. Wells Fargo & Company increased 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. Jefferies Financial Group increased their price objective on Capri from $20.00 to $23.00 and gave the company a “hold” rating in a research note on Tuesday, January 28th. StockNews.com raised shares of Capri from a “sell” rating to a “hold” rating in a research note on Friday, February 7th. Barclays decreased their price target on shares of Capri from $21.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Finally, Guggenheim reissued a “buy” rating and issued a $30.00 price objective on shares of Capri in a research report on Wednesday, February 12th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $25.92.

About Capri

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.