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

Swiss National Bank grew its position in Capri Holdings Limited (NYSE:CPRI) by 1.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 231,600 shares of the company’s stock after purchasing an additional 3,800 shares during the period. Swiss National Bank’s holdings in Capri were worth $4,877,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich bought a new stake in Capri during the fourth quarter worth $680,000. Machina Capital S.A.S. bought a new stake in shares of Capri during the 4th quarter worth $1,855,000. Raymond James Financial Inc. purchased a new position in shares of Capri in the 4th quarter worth about $2,167,000. Arizona State Retirement System grew its position in Capri by 1.8% during the fourth quarter. Arizona State Retirement System now owns 34,185 shares of the company’s stock valued at $720,000 after buying an additional 596 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in Capri during the fourth quarter worth about $344,000. 84.34% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CPRI shares. StockNews.com upgraded shares of Capri from a “sell” rating to a “hold” rating in a research note on Friday, February 7th. Wells Fargo & Company raised their target price on Capri from $28.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Bank of America initiated coverage on shares of Capri in a research note on Monday, February 10th. They issued a “neutral” rating and a $23.00 target price on the stock. Jefferies Financial Group lifted their price objective on Capri from $20.00 to $23.00 and gave the company a “hold” rating in a research note on Tuesday, January 28th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $23.00 target price on shares of Capri in a research note on Thursday, February 20th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $25.92.

Capri Stock Up 5.6 %

Shares of NYSE CPRI opened at $21.34 on Tuesday. The stock has a market capitalization of $2.52 billion, a P/E ratio of -2.50, a PEG ratio of 7.80 and a beta of 2.10. Capri Holdings Limited has a one year low of $18.53 and a one year high of $46.09. The firm’s 50 day simple moving average is $22.40 and its two-hundred day simple moving average is $26.47. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.21 and a quick ratio of 0.59.

Capri (NYSE:CPRI) last issued its earnings results on Wednesday, February 5th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.27). Capri had a positive return on equity of 12.89% and a negative net margin of 21.79%. During the same quarter in the previous year, the firm posted $1.20 earnings per share. As a group, analysts expect that Capri Holdings Limited will post 0.98 EPS for the current fiscal year.

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.