36,400 Shares in Capri Holdings Limited (NYSE:CPRI) Bought by Bayesian Capital Management LP

Bayesian Capital Management LP purchased a new stake in shares of Capri Holdings Limited (NYSE:CPRI) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 36,400 shares of the company’s stock, valued at approximately $767,000.

Several other large investors have also made changes to their positions in CPRI. Arizona State Retirement System lifted its holdings in Capri by 1.8% in the 4th quarter. Arizona State Retirement System now owns 34,185 shares of the company’s stock worth $720,000 after purchasing an additional 596 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Capri by 3.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 21,767 shares of the company’s stock worth $458,000 after buying an additional 643 shares in the last quarter. Xponance Inc. boosted its position in shares of Capri by 5.7% during the fourth quarter. Xponance Inc. now owns 14,056 shares of the company’s stock worth $296,000 after acquiring an additional 757 shares during the last quarter. KBC Group NV grew its stake in Capri by 63.9% during the fourth quarter. KBC Group NV now owns 5,039 shares of the company’s stock valued at $106,000 after acquiring an additional 1,965 shares in the last quarter. Finally, Twin Tree Management LP bought a new stake in Capri in the 4th quarter valued at $45,000. 84.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. StockNews.com upgraded Capri from a “sell” rating to a “hold” rating in a research report on Friday, February 7th. Wells Fargo & Company cut their price target on Capri from $30.00 to $25.00 and set an “overweight” rating for the company in a report on Friday, April 11th. BMO Capital Markets raised Capri from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $25.00 to $31.00 in a report on Monday, January 6th. Jefferies Financial Group raised their target price on shares of Capri from $20.00 to $23.00 and gave the company a “hold” rating in a report on Tuesday, January 28th. Finally, Guggenheim reiterated a “buy” rating and set a $30.00 price objective on shares of Capri in a research report on Wednesday, February 12th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $24.08.

Capri Stock Down 1.0 %

NYSE:CPRI opened at $15.40 on Tuesday. The company has a market cap of $1.82 billion, a price-to-earnings ratio of -1.80, a price-to-earnings-growth ratio of 7.80 and a beta of 1.64. Capri Holdings Limited has a twelve month low of $11.86 and a twelve month high of $43.34. The company has a current ratio of 1.21, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36. The stock has a fifty day simple moving average of $17.76 and a 200-day simple moving average of $21.22.

Capri (NYSE:CPRI) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.27). Capri had a negative net margin of 21.79% and a positive return on equity of 12.89%. During the same quarter in the prior year, the business posted $1.20 EPS. Analysts anticipate that Capri Holdings Limited will post 0.98 EPS for the current 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.