Bank Julius Baer & Co. Ltd Zurich Buys New Position in Capri Holdings Limited (NYSE:CPRI)

Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Capri Holdings Limited (NYSE:CPRI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 29,258 shares of the company’s stock, valued at approximately $680,000.

A number of other hedge funds and other institutional investors have also modified their holdings of CPRI. US Bancorp DE boosted its holdings in shares of Capri by 164.1% during the third quarter. US Bancorp DE now owns 5,097 shares of the company’s stock worth $216,000 after purchasing an additional 3,167 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its stake in Capri by 3.0% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 56,049 shares of the company’s stock worth $2,379,000 after buying an additional 1,636 shares during the last quarter. KBC Group NV grew its holdings in Capri by 26.9% in the 3rd quarter. KBC Group NV now owns 3,074 shares of the company’s stock valued at $130,000 after buying an additional 652 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its stake in shares of Capri by 127.2% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 167,000 shares of the company’s stock valued at $7,087,000 after acquiring an additional 93,500 shares during the last quarter. Finally, ING Groep NV lifted its holdings in shares of Capri by 6.5% during the 3rd quarter. ING Groep NV now owns 473,400 shares of the company’s stock worth $20,091,000 after acquiring an additional 29,000 shares during the period. 84.34% of the stock is currently owned by hedge funds and other institutional investors.

Capri Stock Performance

Shares of NYSE:CPRI opened at $19.06 on Tuesday. The company has a market cap of $2.25 billion, a P/E ratio of -2.23, a PEG ratio of 7.80 and a beta of 2.10. Capri Holdings Limited has a one year low of $18.52 and a one year high of $46.97. The business’s 50-day simple moving average is $22.64 and its 200 day simple moving average is $27.65. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.59 and a current ratio of 1.21.

Capri (NYSE:CPRI) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 in the previous year, the business posted $1.20 EPS. On average, sell-side analysts forecast that Capri Holdings Limited will post 0.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CPRI has been the subject of a number of recent analyst reports. Guggenheim restated a “buy” rating and issued a $30.00 target price on shares of Capri in a report on Wednesday, February 12th. Bank of America started coverage on shares of Capri in a research note on Monday, February 10th. They set a “neutral” rating and a $23.00 price objective for the company. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $23.00 target price on shares of Capri in a research report on Thursday, February 20th. TD Cowen reduced their target price on Capri from $57.00 to $22.00 and set a “hold” rating on the stock in a report on Friday, November 15th. Finally, Jefferies Financial Group upped their price target on Capri from $20.00 to $23.00 and gave the stock a “hold” rating in a research note on Tuesday, January 28th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Capri presently has an average rating of “Hold” and a consensus target price of $25.92.

Capri 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.