Toronto Dominion Bank purchased a new position in Capri Holdings Ltd (NYSE:CPRI) during the first quarter, HoldingsChannel.com reports. The firm purchased 118,139 shares of the company’s stock, valued at approximately $5,404,000.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. CenterStar Asset Management LLC bought a new position in Capri in the first quarter valued at about $49,000. Quadrant Capital Group LLC bought a new position in Capri in the first quarter valued at about $54,000. Focused Wealth Management Inc bought a new position in Capri in the first quarter valued at about $55,000. Asset Dedication LLC bought a new position in Capri in the first quarter valued at about $55,000. Finally, NuWave Investment Management LLC acquired a new stake in shares of Capri during the first quarter valued at about $76,000. Institutional investors own 78.76% of the company’s stock.
Shares of NYSE CPRI traded down $0.32 during trading hours on Wednesday, reaching $40.30. The stock had a trading volume of 19,630 shares, compared to its average volume of 2,616,388. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.93 and a current ratio of 2.48. The firm has a market capitalization of $6.03 billion, a price-to-earnings ratio of 8.87, a PEG ratio of 1.22 and a beta of 0.47. Capri Holdings Ltd has a 52-week low of $35.68 and a 52-week high of $75.96.
Several equities research analysts have weighed in on the company. Zacks Investment Research raised Capri from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research note on Wednesday, May 8th. Barclays assumed coverage on Capri in a research note on Tuesday, February 26th. They set an “overweight” rating and a $53.00 target price on the stock. ValuEngine raised Capri from a “strong sell” rating to a “sell” rating in a research note on Friday, February 8th. Guggenheim reaffirmed a “hold” rating on shares of Capri in a research note on Wednesday, February 6th. Finally, Needham & Company LLC cut their target price on Capri from $67.00 to $61.00 and set a “buy” rating on the stock in a research note on Friday, February 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $58.29.
ILLEGAL ACTIVITY WARNING: This piece of content was first posted by Zolmax and is the property of of Zolmax. If you are viewing this piece of content on another website, it was illegally copied and reposted in violation of international copyright laws. The original version of this piece of content can be accessed at https://zolmax.com/investing/toronto-dominion-bank-takes-position-in-capri-holdings-ltd-cpri/3092067.html.
Capri Holdings Limited design, markets, distributes, and retails branded women's and men's apparel and accessories. It operates in four segments: MK Retail, MK Wholesale, MK Licensing, and Jimmy Choo. The MK Retail segment sells women's apparel; handbags and small leather goods; men's apparel; footwear; and licensed products comprising watches, jewelry, fragrances, and beauty and eyewear.
Further Reading: Return on Investment (ROI) Defined, Explained
Want to see what other hedge funds are holding CPRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capri Holdings Ltd (NYSE:CPRI).
Receive News & Ratings for Capri Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capri and related companies with MarketBeat.com's FREE daily email newsletter.