Cetera Investment Advisers Takes $1.11 Million Position in Capri Holdings Limited (NYSE:CPRI)

Cetera Investment Advisers acquired a new stake in shares of Capri Holdings Limited (NYSE:CPRI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 52,774 shares of the company’s stock, valued at approximately $1,111,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Twin Tree Management LP bought a new stake in shares of Capri during the fourth quarter valued at approximately $45,000. Aster Capital Management DIFC Ltd bought a new stake in Capri during the fourth quarter worth $74,000. KBC Group NV grew its holdings in Capri by 63.9% during the fourth quarter. KBC Group NV now owns 5,039 shares of the company’s stock worth $106,000 after buying an additional 1,965 shares in the last quarter. Sterling Capital Management LLC grew its holdings in Capri by 58.9% during the fourth quarter. Sterling Capital Management LLC now owns 6,872 shares of the company’s stock worth $145,000 after buying an additional 2,546 shares in the last quarter. Finally, Triumph Capital Management bought a new stake in Capri during the fourth quarter worth $209,000. Institutional investors own 84.34% of the company’s stock.

Capri Stock Down 0.6%

CPRI stock opened at $17.22 on Friday. Capri Holdings Limited has a 1-year low of $11.86 and a 1-year high of $43.34. 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’s fifty day simple moving average is $16.71 and its two-hundred day simple moving average is $20.18. The stock has a market cap of $2.03 billion, a P/E ratio of -2.01, a P/E/G ratio of 7.80 and a beta of 1.64.

Analyst Upgrades and Downgrades

CPRI has been the subject of several recent research reports. Bank of America initiated coverage on Capri in a report on Monday, February 10th. They set a “neutral” rating and a $23.00 price target for the company. Wall Street Zen upgraded Capri from a “sell” rating to a “hold” rating in a report on Friday, February 7th. Robert W. Baird decreased their price target on Capri from $26.00 to $18.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Telsey Advisory Group decreased their price target on Capri from $23.00 to $17.00 and set a “market perform” rating for the company in a report on Friday, April 11th. Finally, Barclays decreased their price target on Capri from $19.00 to $13.00 and set an “equal weight” rating for the company in a report on Thursday, April 10th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $24.08.

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.