Capri Holdings Limited (NYSE:CPRI) Shares Bought by US Bancorp DE

US Bancorp DE increased its position in shares of Capri Holdings Limited (NYSE:CPRI) by 164.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,097 shares of the company’s stock after acquiring an additional 3,167 shares during the quarter. US Bancorp DE’s holdings in Capri were worth $216,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Nisa Investment Advisors LLC raised its holdings in shares of Capri by 12.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 7,260 shares of the company’s stock valued at $308,000 after buying an additional 775 shares during the period. Patriot Financial Group Insurance Agency LLC acquired a new stake in Capri during the 3rd quarter worth approximately $425,000. Frank Rimerman Advisors LLC boosted its position in Capri by 13.7% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 13,512 shares of the company’s stock valued at $573,000 after buying an additional 1,631 shares during the period. Arkadios Wealth Advisors grew its stake in shares of Capri by 12.9% in the third quarter. Arkadios Wealth Advisors now owns 26,339 shares of the company’s stock worth $1,118,000 after acquiring an additional 3,013 shares in the last quarter. Finally, Riverwater Partners LLC purchased a new stake in shares of Capri during the third quarter worth $1,030,000. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Wells Fargo & Company decreased their target price on Capri from $42.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, October 25th. JPMorgan Chase & Co. lowered their price objective on Capri from $57.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $26.00 target price on shares of Capri in a report on Friday, November 1st. Citigroup cut shares of Capri from a “buy” rating to a “neutral” rating and set a $41.00 price target for the company. in a report on Friday, September 13th. Finally, StockNews.com lowered shares of Capri from a “hold” rating to a “sell” rating in a report on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $30.29.

Capri Stock Up 4.5 %

CPRI opened at $20.53 on Friday. The stock has a market capitalization of $2.42 billion, a P/E ratio of -6.71, a price-to-earnings-growth ratio of 3.84 and a beta of 2.05. 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 $51.23. The business’s 50-day simple moving average is $34.87 and its 200-day simple moving average is $34.28.

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.