Y Intercept Hong Kong Ltd Makes New $574,000 Investment in Capri Holdings Limited (NYSE:CPRI)

Y Intercept Hong Kong Ltd acquired a new position in Capri Holdings Limited (NYSE:CPRI) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 27,267 shares of the company’s stock, valued at approximately $574,000.

A number of other large investors have also added to or reduced their stakes in CPRI. Sunbelt Securities Inc. bought a new stake in Capri in the 3rd quarter worth approximately $42,000. Quarry LP bought a new position in shares of Capri during the 3rd quarter valued at approximately $53,000. KBC Group NV increased its position in shares of Capri by 63.9% during the 4th quarter. KBC Group NV now owns 5,039 shares of the company’s stock valued at $106,000 after purchasing an additional 1,965 shares during the last quarter. Avior Wealth Management LLC increased its position in shares of Capri by 15.2% during 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 during the last quarter. Finally, LexAurum Advisors LLC bought a new position in shares of Capri during the 4th quarter valued at approximately $211,000. Institutional investors own 84.34% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CPRI shares. Jefferies Financial Group boosted their target price on Capri from $20.00 to $23.00 and gave the company a “hold” rating in a research report on Tuesday, January 28th. BMO Capital Markets raised Capri from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $25.00 to $31.00 in a research report on Monday, January 6th. TD Cowen cut their target price on Capri from $57.00 to $22.00 and set a “hold” rating on the stock in a research report on Friday, November 15th. Guggenheim reissued a “buy” rating and set a $30.00 target price on shares of Capri in a research report on Wednesday, February 12th. Finally, Citigroup raised Capri from a “neutral” rating to a “buy” rating and boosted their target price for the company from $21.00 to $29.00 in a research report on Friday, January 10th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $25.92.

Capri Price Performance

Shares of CPRI stock opened at $22.03 on Friday. Capri Holdings Limited has a twelve month low of $18.70 and a twelve month high of $47.17. The stock has a market capitalization of $2.60 billion, a price-to-earnings ratio of -2.58, a P/E/G ratio of 7.80 and a beta of 2.06. The stock has a fifty day simple moving average of $22.55 and a two-hundred day simple moving average of $28.07. The company has a current ratio of 1.21, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36.

Capri (NYSE:CPRI) last issued its earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.27). Capri had a positive return on equity of 12.89% and a negative net margin of 21.79%. During the same period in the previous year, the firm earned $1.20 earnings per share. On average, analysts predict that Capri Holdings Limited will post 0.98 EPS for the current fiscal 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.