Swiss National Bank Has $14.26 Million Stock Position in Capri Holdings Limited (NYSE:CPRI)

Swiss National Bank lowered its stake in shares of Capri Holdings Limited (NYSE:CPRIGet Rating) by 2.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 347,600 shares of the company’s stock after selling 8,200 shares during the period. Swiss National Bank owned approximately 0.24% of Capri worth $14,255,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. State Street Corp raised its holdings in shares of Capri by 2.8% in the 1st quarter. State Street Corp now owns 4,421,881 shares of the company’s stock worth $227,240,000 after acquiring an additional 119,122 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Capri by 41.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,649,958 shares of the company’s stock worth $136,182,000 after purchasing an additional 782,577 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Capri by 4.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,198,021 shares of the company’s stock worth $112,981,000 after purchasing an additional 102,439 shares in the last quarter. Bank of New York Mellon Corp grew its position in Capri by 2.5% in the 1st quarter. Bank of New York Mellon Corp now owns 1,992,155 shares of the company’s stock worth $102,376,000 after purchasing an additional 48,642 shares in the last quarter. Finally, ARGA Investment Management LP grew its position in Capri by 10.2% in the 1st quarter. ARGA Investment Management LP now owns 1,746,384 shares of the company’s stock worth $89,747,000 after purchasing an additional 161,627 shares in the last quarter. Institutional investors and hedge funds own 85.20% of the company’s stock.

Capri Stock Performance

NYSE CPRI opened at $52.58 on Friday. Capri Holdings Limited has a 1 year low of $36.90 and a 1 year high of $72.37. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.63 and a quick ratio of 0.71. The stock has a market capitalization of $6.77 billion, a PE ratio of 9.26, a P/E/G ratio of 0.65 and a beta of 2.24. The company’s 50 day simple moving average is $44.89 and its two-hundred day simple moving average is $45.99.

Capri (NYSE:CPRIGet Rating) last posted its earnings results on Wednesday, November 9th. The company reported $1.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.25. Capri had a net margin of 14.10% and a return on equity of 38.60%. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the prior year, the company posted $1.53 EPS. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. Analysts predict that Capri Holdings Limited will post 6.85 earnings per share for the current fiscal year.

Capri announced that its board has authorized a stock buyback plan on Wednesday, November 9th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the company to buy up to 14.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on CPRI. StockNews.com began coverage on shares of Capri in a research report on Wednesday, October 12th. They issued a “buy” rating for the company. Telsey Advisory Group reduced their price objective on shares of Capri from $60.00 to $54.00 and set a “market perform” rating for the company in a research report on Thursday, November 10th. Morgan Stanley reduced their target price on shares of Capri from $65.00 to $58.00 and set an “overweight” rating for the company in a research report on Thursday, November 10th. Citigroup reduced their target price on shares of Capri from $72.00 to $67.00 in a research report on Friday, November 4th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Capri from $72.00 to $70.00 in a research report on Monday, November 7th. Four research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $68.25.

Insiders Place Their Bets

In other Capri news, Director Judy Gibbons sold 4,920 shares of the stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $48.88, for a total value of $240,489.60. Following the sale, the director now directly owns 24,620 shares in the company, valued at approximately $1,203,425.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.60% of the company’s stock.

Capri Profile

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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.

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Institutional Ownership by Quarter for Capri (NYSE:CPRI)

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