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

Avior Wealth Management LLC grew its stake in shares of Capri Holdings Limited (NYSE:CPRI) by 15.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,033 shares of the company’s stock after acquiring an additional 533 shares during the quarter. Avior Wealth Management LLC’s holdings in Capri were worth $171,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Empowered Funds LLC grew its stake in Capri by 63.2% during 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 during the last quarter. ING Groep NV boosted its position 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 buying an additional 29,000 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its holdings in Capri by 127.2% in the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 167,000 shares of the company’s stock worth $7,087,000 after buying an additional 93,500 shares during the period. KBC Group NV raised its position in 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 last quarter. Finally, State of New Jersey Common Pension Fund D lifted its stake in 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 acquiring an additional 1,636 shares during the period. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Capri Stock Up 4.0 %

Shares of NYSE CPRI opened at $20.48 on Friday. Capri Holdings Limited has a 52-week low of $18.70 and a 52-week high of $51.23. The company has a quick ratio of 0.38, a current ratio of 0.93 and a debt-to-equity ratio of 0.83. The company’s 50-day simple moving average is $32.47 and its 200-day simple moving average is $33.55. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of -6.69, a price-to-earnings-growth ratio of 4.20 and a beta of 2.05.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CPRI. StockNews.com lowered shares of Capri from a “hold” rating to a “sell” rating in a research note on Tuesday, August 27th. Citigroup lowered Capri from a “buy” rating to a “neutral” rating and set a $41.00 price objective for the company. in a research note on Friday, September 13th. TD Cowen lowered their target price on Capri from $57.00 to $22.00 and set a “hold” rating on the stock in a research note on Friday, November 15th. Telsey Advisory Group decreased their price target on Capri from $26.00 to $23.00 and set a “market perform” rating for the company in a report on Friday, November 15th. Finally, Robert W. Baird dropped their price objective on shares of Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $28.00.

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.