KBC Group NV Has $130,000 Stake in Capri Holdings Limited (NYSE:CPRI)

KBC Group NV boosted its stake in shares of Capri Holdings Limited (NYSE:CPRI) by 26.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,074 shares of the company’s stock after buying an additional 652 shares during the quarter. KBC Group NV’s holdings in Capri were worth $130,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Baupost Group LLC MA bought a new position in Capri during the second quarter worth $33,080,000. DME Capital Management LP bought a new position in shares of Capri in the 2nd quarter worth about $22,652,000. Khrom Capital Management LLC acquired a new position in shares of Capri in the 1st quarter valued at about $17,681,000. Absolute Gestao de Investimentos Ltda. bought a new stake in shares of Capri during the 1st quarter valued at about $13,008,000. Finally, Clearline Capital LP acquired a new stake in Capri during the second quarter worth approximately $9,362,000. Institutional investors own 84.34% of the company’s stock.

Analysts Set New Price Targets

CPRI has been the topic of several recent analyst reports. UBS Group dropped their price target on Capri from $42.00 to $39.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 11th. Robert W. Baird dropped their target price on shares of Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. TD Cowen reduced their price target on shares of Capri from $57.00 to $22.00 and set a “hold” rating for the company in a report on Friday, November 15th. Wells Fargo & Company dropped their price objective on shares of Capri from $42.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, October 25th. Finally, Telsey Advisory Group reduced their target price on Capri from $26.00 to $23.00 and set a “market perform” rating for the company in a research note on Friday, November 15th. One analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $28.00.

Capri Price Performance

CPRI stock opened at $19.70 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.38 and a current ratio of 0.93. The business has a 50-day simple moving average of $33.22 and a two-hundred day simple moving average of $33.76. The company has a market capitalization of $2.32 billion, a P/E ratio of -6.56, a price-to-earnings-growth ratio of 2.76 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.

Capri Company Profile

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.