MML Investors Services LLC Buys 6,112 Shares of Capri Holdings Limited (NYSE:CPRI)

MML Investors Services LLC increased its stake in shares of Capri Holdings Limited (NYSE:CPRI) by 49.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 18,443 shares of the company’s stock after purchasing an additional 6,112 shares during the quarter. MML Investors Services LLC’s holdings in Capri were worth $783,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of CPRI. Quarry LP purchased a new position in Capri during the third quarter worth $53,000. Signaturefd LLC lifted its holdings in shares of Capri by 14.7% in the 2nd quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock worth $90,000 after acquiring an additional 351 shares during the last quarter. KBC Group NV boosted its stake in shares of Capri by 26.9% during the 3rd quarter. KBC Group NV now owns 3,074 shares of the company’s stock worth $130,000 after purchasing an additional 652 shares during the period. CWM LLC grew its holdings in Capri by 26.9% during the 3rd quarter. CWM LLC now owns 3,112 shares of the company’s stock valued at $132,000 after purchasing an additional 660 shares during the last quarter. Finally, Avior Wealth Management LLC raised its position in Capri by 15.2% in the 3rd quarter. Avior Wealth Management LLC now owns 4,033 shares of the company’s stock worth $171,000 after purchasing an additional 533 shares during the period. Institutional investors own 84.34% of the company’s stock.

Wall Street Analysts Forecast Growth

CPRI has been the subject of several recent analyst reports. Barclays restated an “equal weight” rating and set a $21.00 target price on shares of Capri in a research report on Wednesday, November 20th. JPMorgan Chase & Co. upped their price objective on Capri from $15.00 to $19.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. TD Cowen lowered their target price on shares of Capri from $57.00 to $22.00 and set a “hold” rating for the company in a research note on Friday, November 15th. Robert W. Baird cut their price target on shares of Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Finally, Wells Fargo & Company decreased their price objective on shares of Capri from $42.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, Capri presently has a consensus rating of “Hold” and a consensus price target of $27.90.

Capri Stock Performance

Shares of CPRI stock opened at $21.10 on Friday. The firm has a market cap of $2.49 billion, a price-to-earnings ratio of -6.90, a PEG ratio of 4.63 and a beta of 2.05. Capri Holdings Limited has a 52-week low of $18.70 and a 52-week high of $51.23. The company has a quick ratio of 0.38, a current ratio of 0.93 and a debt-to-equity ratio of 0.83. The company’s 50 day moving average is $25.11 and its 200 day moving average is $31.73.

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.