Accurate Wealth Management LLC Grows Stock Position in Capri Holdings Limited (NYSE:CPRI)

Accurate Wealth Management LLC raised its holdings in shares of Capri Holdings Limited (NYSE:CPRI) by 114.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 52,431 shares of the company’s stock after purchasing an additional 27,992 shares during the period. Accurate Wealth Management LLC’s holdings in Capri were worth $1,104,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CPRI. Primecap Management Co. CA raised its holdings in shares of Capri by 14.2% in the third quarter. Primecap Management Co. CA now owns 4,140,755 shares of the company’s stock worth $175,734,000 after acquiring an additional 515,963 shares during the last quarter. FMR LLC increased its position in Capri by 389.2% during the 3rd quarter. FMR LLC now owns 2,858,480 shares of the company’s stock worth $121,314,000 after purchasing an additional 2,274,149 shares in the last quarter. Geode Capital Management LLC raised its stake in Capri by 2.2% in the 3rd 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 during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Capri by 4.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,587,602 shares of the company’s stock valued at $52,514,000 after purchasing an additional 68,081 shares in the last quarter. Finally, Baupost Group LLC MA acquired a new stake in shares of Capri during the 2nd quarter worth about $33,080,000. Institutional investors and hedge funds own 84.34% of the company’s stock.

Capri Trading Down 0.8 %

NYSE CPRI opened at $23.60 on Wednesday. The firm has a market capitalization of $2.78 billion, a price-to-earnings ratio of -7.71, a PEG ratio of 4.55 and a beta of 2.06. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.38 and a current ratio of 0.93. Capri Holdings Limited has a one year low of $18.70 and a one year high of $50.84. The company’s 50 day moving average price is $21.56 and its 200 day moving average price is $30.41.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CPRI. Barclays reissued an “equal weight” rating and issued a $21.00 price objective on shares of Capri in a research report on Wednesday, November 20th. BMO Capital Markets upgraded Capri from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $25.00 to $31.00 in a report on Monday, January 6th. Citigroup upgraded Capri from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $21.00 to $29.00 in a report on Friday, January 10th. TD Cowen lowered their price objective on Capri from $57.00 to $22.00 and set a “hold” rating for the company in a research report on Friday, November 15th. Finally, JPMorgan Chase & Co. raised their price target on Capri from $15.00 to $19.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $27.55.

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.