American Century Companies Inc. increased its position in Capri Holdings Limited (NYSE:CPRI – Free Report) by 11.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,269,089 shares of the company’s stock after purchasing an additional 229,202 shares during the period. American Century Companies Inc. owned approximately 1.92% of Capri worth $40,163,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Geode Capital Management LLC raised its holdings in Capri by 42.2% during the second quarter. Geode Capital Management LLC now owns 2,882,813 shares of the company’s stock worth $51,032,000 after buying an additional 855,330 shares during the last quarter. Woodline Partners LP acquired a new stake in shares of Capri in the 1st quarter worth about $11,502,000. Primecap Management Co. CA lifted its position in Capri by 10.6% in the 1st quarter. Primecap Management Co. CA now owns 5,183,720 shares of the company’s stock valued at $102,275,000 after acquiring an additional 495,387 shares in the last quarter. Adage Capital Partners GP L.L.C. bought a new position in Capri in the 1st quarter valued at about $8,673,000. Finally, Allianz Asset Management GmbH increased its holdings in Capri by 53.5% during the 2nd quarter. Allianz Asset Management GmbH now owns 1,160,047 shares of the company’s stock worth $20,533,000 after purchasing an additional 404,212 shares in the last quarter. Institutional investors and hedge funds own 84.34% of the company’s stock.
Capri Stock Performance
Shares of CPRI stock opened at $25.37 on Friday. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.61 and a current ratio of 1.17. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of -2.70, a P/E/G ratio of 0.45 and a beta of 1.90. Capri Holdings Limited has a 52 week low of $11.86 and a 52 week high of $26.23. The firm’s 50-day simple moving average is $21.62 and its two-hundred day simple moving average is $19.99.
Wall Street Analyst Weigh In
A number of research analysts have recently weighed in on the company. BTIG Research initiated coverage on Capri in a report on Tuesday, October 14th. They issued a “buy” rating and a $30.00 target price on the stock. UBS Group increased their price target on Capri from $18.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. Raymond James Financial upgraded Capri from a “market perform” rating to an “outperform” rating and set a $25.00 price objective on the stock in a research note on Tuesday, October 21st. Jefferies Financial Group upped their target price on shares of Capri from $19.00 to $21.00 and gave the stock a “hold” rating in a research note on Thursday, October 23rd. Finally, JPMorgan Chase & Co. upgraded shares of Capri from a “neutral” rating to an “overweight” rating and increased their target price for the company from $21.00 to $30.00 in a report on Wednesday, August 13th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $24.69.
Read Our Latest Stock Analysis on Capri
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.
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