Swiss National Bank Reduces Stock Position in Capri Holdings Limited (NYSE:CPRI)

Swiss National Bank decreased its holdings in Capri Holdings Limited (NYSE:CPRI) by 0.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 227,800 shares of the company’s stock after selling 1,700 shares during the period. Swiss National Bank owned about 0.19% of Capri worth $9,668,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Riverwater Partners LLC bought a new position in Capri in the third quarter worth approximately $1,030,000. Aristides Capital LLC purchased a new position in shares of Capri during the second quarter valued at $1,865,000. Fortis Group Advisors LLC bought a new stake in shares of Capri in the third quarter valued at about $2,149,000. California State Teachers Retirement System lifted its stake in Capri by 116.8% in the first quarter. California State Teachers Retirement System now owns 267,131 shares of the company’s stock worth $12,101,000 after acquiring an additional 143,899 shares during the period. Finally, ING Groep NV grew its holdings in Capri by 6.5% during the 3rd quarter. ING Groep NV now owns 473,400 shares of the company’s stock worth $20,091,000 after acquiring an additional 29,000 shares in the last quarter. 84.34% of the stock is owned by hedge funds and other institutional investors.

Capri Stock Performance

CPRI opened at $20.48 on Monday. The firm’s 50-day moving average price is $32.47 and its 200-day moving average price is $33.53. The company has a market cap of $2.41 billion, a P/E ratio of -6.69, a price-to-earnings-growth ratio of 4.20 and a beta of 2.05. The company has a quick ratio of 0.38, a current ratio of 0.93 and a debt-to-equity ratio of 0.83. Capri Holdings Limited has a 52-week low of $18.70 and a 52-week high of $51.23.

Analyst Upgrades and Downgrades

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

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.