Patriot Financial Group Insurance Agency LLC Boosts Stock Position in Capri Holdings Limited (NYSE:CPRI)

Patriot Financial Group Insurance Agency LLC grew its holdings in Capri Holdings Limited (NYSE:CPRI) by 57.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,774 shares of the company’s stock after purchasing an additional 5,769 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Capri were worth $332,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Sunbelt Securities Inc. purchased a new position in shares of Capri during the third quarter valued at $42,000. Quarry LP purchased a new position in Capri during the 3rd quarter valued at about $53,000. KBC Group NV raised its holdings in shares of Capri by 63.9% in the 4th quarter. KBC Group NV now owns 5,039 shares of the company’s stock valued at $106,000 after purchasing an additional 1,965 shares in the last quarter. CWM LLC lifted its position in shares of Capri by 26.9% in the 3rd quarter. CWM LLC now owns 3,112 shares of the company’s stock worth $132,000 after purchasing an additional 660 shares during the period. Finally, Avior Wealth Management LLC boosted its stake in shares of Capri by 15.2% during the third quarter. Avior Wealth Management LLC now owns 4,033 shares of the company’s stock valued at $171,000 after purchasing an additional 533 shares in the last quarter. 84.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Capri from $15.00 to $19.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. BMO Capital Markets upgraded Capri from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $25.00 to $31.00 in a research note on Monday, January 6th. Guggenheim raised Capri from a “neutral” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Tuesday, November 26th. Telsey Advisory Group reiterated a “market perform” rating and issued a $23.00 target price on shares of Capri in a report on Wednesday. Finally, Barclays restated an “equal weight” rating and issued a $21.00 price target on shares of Capri in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $26.36.

Capri Stock Down 0.9 %

NYSE:CPRI opened at $25.46 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.38 and a debt-to-equity ratio of 0.83. Capri Holdings Limited has a twelve month low of $18.70 and a twelve month high of $49.36. The company has a market cap of $3.00 billion, a PE ratio of -8.32, a P/E/G ratio of 5.20 and a beta of 2.06. The company’s 50 day moving average is $22.43 and its two-hundred day moving average is $29.70.

Capri (NYSE:CPRI) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.09). The company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Capri had a negative net margin of 7.44% and a positive return on equity of 16.54%. During the same period last year, the firm earned $1.13 earnings per share. Analysts anticipate that Capri Holdings Limited will post 1.65 EPS 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.