Bank Julius Baer & Co. Ltd Zurich Makes New Investment in Capri Holdings Limited (NYSE:CPRI)

Bank Julius Baer & Co. Ltd Zurich bought a new stake in shares of Capri Holdings Limited (NYSE:CPRI) in the 4th quarter, HoldingsChannel.com reports. The firm bought 29,258 shares of the company’s stock, valued at approximately $680,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd acquired a new position in Capri in the third quarter worth about $224,000. Senvest Management LLC acquired a new position in shares of Capri in the 3rd quarter worth approximately $6,610,000. Primecap Management Co. CA increased its holdings in shares of Capri by 14.2% in the 3rd quarter. Primecap Management Co. CA now owns 4,140,755 shares of the company’s stock valued at $175,734,000 after acquiring an additional 515,963 shares during the last quarter. Anthracite Investment Company Inc. bought a new stake in shares of Capri in the 3rd quarter valued at approximately $7,869,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Capri by 76.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 321,834 shares of the company’s stock valued at $13,659,000 after acquiring an additional 139,063 shares in the last quarter. 84.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on CPRI shares. JPMorgan Chase & Co. lifted their price objective on shares of Capri from $15.00 to $19.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. TD Cowen decreased 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. Barclays dropped their price objective on shares of Capri from $21.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. 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. Finally, StockNews.com upgraded Capri from a “sell” rating to a “hold” rating in a research report on Friday, February 7th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $25.92.

Capri Stock Down 8.7 %

CPRI opened at $19.06 on Tuesday. The stock’s 50 day moving average price is $22.64 and its 200 day moving average price is $27.65. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.21 and a quick ratio of 0.59. The stock has a market cap of $2.25 billion, a P/E ratio of -2.23, a P/E/G ratio of 7.80 and a beta of 2.10. Capri Holdings Limited has a 12 month low of $18.52 and a 12 month high of $46.97.

Capri (NYSE:CPRI) last issued its quarterly 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 negative net margin of 21.79% and a positive return on equity of 12.89%. During the same period last year, the business earned $1.20 EPS. As a group, research analysts predict that Capri Holdings Limited will post 0.98 earnings per share for the current 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.