Capri Holdings Limited (NYSE:CPRI) Shares Acquired by Avaii Wealth Management LLC

Avaii Wealth Management LLC boosted its position in Capri Holdings Limited (NYSE:CPRI) by 95.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 13,381 shares of the company’s stock after acquiring an additional 6,546 shares during the quarter. Avaii Wealth Management LLC’s holdings in Capri were worth $282,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. bought a new stake in shares of Capri in the third quarter worth $42,000. Quarry LP acquired a new position in Capri during the 3rd quarter worth $53,000. KBC Group NV increased its position in shares of Capri by 26.9% in the 3rd quarter. KBC Group NV now owns 3,074 shares of the company’s stock worth $130,000 after purchasing an additional 652 shares during the last quarter. CWM LLC increased its position in shares of Capri by 26.9% in the 3rd quarter. CWM LLC now owns 3,112 shares of the company’s stock worth $132,000 after purchasing an additional 660 shares during the last quarter. Finally, Avior Wealth Management LLC raised its stake in shares of Capri by 15.2% in the 3rd quarter. Avior Wealth Management LLC now owns 4,033 shares of the company’s stock valued at $171,000 after purchasing an additional 533 shares in the last quarter. 84.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on CPRI. Robert W. Baird lowered their price objective on Capri from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Friday, November 8th. JPMorgan Chase & Co. lifted their target price on Capri from $15.00 to $19.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. Citigroup raised Capri from a “neutral” rating to a “buy” rating and upped their price target for the company from $21.00 to $29.00 in a research report on Friday, January 10th. Guggenheim raised shares of Capri from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Tuesday, November 26th. Finally, Barclays reissued an “equal weight” rating and set a $21.00 target price on shares of Capri in a report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $27.55.

Capri Trading Up 0.3 %

CPRI stock opened at $24.93 on Friday. The firm’s 50-day simple moving average is $22.12 and its 200 day simple moving average is $29.90. Capri Holdings Limited has a fifty-two week low of $18.70 and a fifty-two week high of $49.43. The company has a quick ratio of 0.38, a current ratio of 0.93 and a debt-to-equity ratio of 0.83.

Capri (NYSE:CPRI) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.74 by ($0.09). The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.17 billion. Capri had a negative net margin of 7.44% and a positive return on equity of 16.54%. During the same quarter in the previous year, the business posted $1.13 EPS. Analysts predict that Capri Holdings Limited will post 1.65 EPS for the current year.

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.