Capri Holdings Limited (NYSE:CPRI) Shares Sold by Swiss National Bank

Swiss National Bank lessened its position in shares of Capri Holdings Limited (NYSE:CPRI) by 0.7% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 227,800 shares of the company’s stock after selling 1,700 shares during the period. Swiss National Bank’s holdings in Capri were worth $9,668,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CPRI. Empowered Funds LLC increased its stake in shares of Capri by 63.2% in the 3rd quarter. Empowered Funds LLC now owns 23,941 shares of the company’s stock valued at $1,016,000 after purchasing an additional 9,275 shares in the last quarter. ING Groep NV grew its holdings in Capri by 6.5% in the third quarter. ING Groep NV now owns 473,400 shares of the company’s stock valued at $20,091,000 after purchasing an additional 29,000 shares during the period. Tokio Marine Asset Management Co. Ltd. increased its position in shares of Capri by 127.2% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 167,000 shares of the company’s stock valued at $7,087,000 after buying an additional 93,500 shares in the last quarter. KBC Group NV raised its stake in shares of Capri by 26.9% during the 3rd quarter. KBC Group NV now owns 3,074 shares of the company’s stock worth $130,000 after buying an additional 652 shares during the period. Finally, State of New Jersey Common Pension Fund D lifted its position in shares of Capri by 3.0% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 56,049 shares of the company’s stock valued at $2,379,000 after buying an additional 1,636 shares in the last quarter. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Capri Stock Performance

Shares of Capri stock opened at $20.48 on Monday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.38 and a current ratio of 0.93. The business’s 50 day moving average price is $32.47 and its 200 day moving average price is $33.53. The company has a market cap of $2.41 billion, a price-to-earnings ratio of -6.69, a PEG ratio of 4.20 and a beta of 2.05. Capri Holdings Limited has a one year low of $18.70 and a one year high of $51.23.

Analysts Set New Price Targets

A number of research firms have weighed in on CPRI. UBS Group reduced their price objective on shares of Capri from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Wednesday, September 11th. JPMorgan Chase & Co. decreased their price target on shares of Capri from $57.00 to $22.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Telsey Advisory Group cut their price objective on Capri from $26.00 to $23.00 and set a “market perform” rating for the company in a research note on Friday, November 15th. Citigroup downgraded Capri from a “buy” rating to a “neutral” rating and set a $41.00 target price on the stock. in a research report on Friday, September 13th. Finally, Wells Fargo & Company dropped their price target on Capri from $42.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating and nine have given a hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $28.00.

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.