Raymond James Financial Inc. Buys New Shares in Capri Holdings Limited (NYSE:CPRI)

Raymond James Financial Inc. purchased a new position in shares of Capri Holdings Limited (NYSE:CPRI) during the 4th quarter, Holdings Channel.com reports. The fund purchased 102,905 shares of the company’s stock, valued at approximately $2,167,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Arizona State Retirement System grew its holdings in 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 purchasing an additional 596 shares during the period. Exchange Traded Concepts LLC lifted its position 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 valued at $458,000 after buying an additional 643 shares during the last quarter. Sunbelt Securities Inc. acquired a new stake in shares of Capri in the third quarter valued at approximately $42,000. Quarry LP bought a new position in shares of Capri during the 3rd quarter worth approximately $53,000. Finally, M&T Bank Corp increased its holdings in shares of Capri by 21.5% during the 3rd quarter. M&T Bank Corp now owns 8,419 shares of the company’s stock worth $357,000 after acquiring an additional 1,488 shares during the last quarter. Institutional investors and hedge funds own 84.34% of the company’s stock.

Capri Price Performance

Capri stock opened at $20.30 on Monday. The business has a 50-day simple moving average of $22.17 and a 200 day simple moving average of $26.10. Capri Holdings Limited has a 52 week low of $18.53 and a 52 week high of $45.77. The stock has a market cap of $2.39 billion, a price-to-earnings ratio of -2.37, a PEG ratio of 7.80 and a beta of 2.10. The company has a quick ratio of 0.59, a current ratio of 1.21 and a debt-to-equity ratio of 1.36.

Capri (NYSE:CPRI) last released its quarterly earnings results 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 period in the previous year, the company posted $1.20 EPS. On average, research analysts forecast that Capri Holdings Limited will post 0.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CPRI shares. Guggenheim restated a “buy” rating and set a $30.00 target price on shares of Capri in a research note on Wednesday, February 12th. Citigroup upgraded shares of Capri from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $21.00 to $29.00 in a research report on Friday, January 10th. BMO Capital Markets upgraded Capri from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $25.00 to $31.00 in a report on Monday, January 6th. Barclays lowered their target price on Capri from $21.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. Finally, Jefferies Financial Group boosted their price target on Capri from $20.00 to $23.00 and gave the company a “hold” rating in a research note on Tuesday, January 28th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $25.92.

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.