Sherbrooke Park Advisers LLC Takes $826,000 Position in Capri Holdings Limited (NYSE:CPRI)

Sherbrooke Park Advisers LLC bought a new stake in Capri Holdings Limited (NYSE:CPRI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 39,243 shares of the company’s stock, valued at approximately $826,000.

Other hedge funds also recently modified their holdings of the company. Arizona State Retirement System raised its holdings in shares of Capri by 1.8% during the fourth quarter. Arizona State Retirement System now owns 34,185 shares of the company’s stock worth $720,000 after acquiring an additional 596 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in shares of Capri by 3.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 21,767 shares of the company’s stock worth $458,000 after acquiring an additional 643 shares in the last quarter. Xponance Inc. raised its holdings 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 in the last quarter. KBC Group NV raised its holdings in shares of Capri by 63.9% during the fourth quarter. KBC Group NV now owns 5,039 shares of the company’s stock worth $106,000 after acquiring an additional 1,965 shares in the last quarter. Finally, Twin Tree Management LP purchased a new stake in shares of Capri during the fourth quarter worth $45,000. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Analyst Ratings Changes

CPRI has been the topic of several analyst reports. StockNews.com raised shares of Capri from a “sell” rating to a “hold” rating in a research report on Friday, February 7th. Robert W. Baird lowered their target price on shares of Capri from $26.00 to $18.00 and set a “neutral” rating on the stock in a research report on Friday, April 11th. Telsey Advisory Group lowered their target price on shares of Capri from $23.00 to $17.00 and set a “market perform” rating on the stock in a research report on Friday, April 11th. Barclays lowered their target price on shares of Capri from $19.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 10th. Finally, Guggenheim reissued a “buy” rating and set a $30.00 price objective on shares of Capri in a research report on Wednesday, February 12th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $24.08.

Capri Trading Down 0.8%

CPRI stock opened at $18.49 on Friday. The firm has a market cap of $2.18 billion, a P/E ratio of -2.16, a P/E/G ratio of 7.80 and a beta of 1.64. Capri Holdings Limited has a 1-year low of $11.86 and a 1-year high of $43.34. The business’s 50 day moving average is $16.98 and its 200-day moving average is $20.26. The company has a current ratio of 1.21, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36.

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.