Segall Bryant & Hamill LLC Takes Position in Capri Holdings Limited (NYSE:CPRI)

Segall Bryant & Hamill LLC acquired a new stake in shares of Capri Holdings Limited (NYSE:CPRI) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 1,168,893 shares of the company’s stock, valued at approximately $24,617,000. Segall Bryant & Hamill LLC owned approximately 0.99% of Capri as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in CPRI. Pacer Advisors Inc. raised its holdings in shares of Capri by 22,554.7% during the 4th quarter. Pacer Advisors Inc. now owns 3,902,960 shares of the company’s stock valued at $82,196,000 after purchasing an additional 3,885,732 shares in the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in Capri during the fourth quarter valued at about $48,953,000. FMR LLC lifted its position in shares of Capri by 389.2% in the third quarter. FMR LLC now owns 2,858,480 shares of the company’s stock worth $121,314,000 after buying an additional 2,274,149 shares during the last quarter. Oddo BHF Asset Management Sas bought a new stake in shares of Capri during the 3rd quarter worth about $25,888,000. Finally, Primecap Management Co. CA increased its holdings in shares of Capri by 13.2% during the 4th quarter. Primecap Management Co. CA now owns 4,688,333 shares of the company’s stock valued at $98,736,000 after acquiring an additional 547,578 shares during the last quarter. 84.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have issued reports on CPRI. Wells Fargo & Company upped their target price on Capri from $28.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. Jefferies Financial Group raised their target price on shares of Capri from $20.00 to $23.00 and gave the company a “hold” rating in a research note on Tuesday, January 28th. Telsey Advisory Group reissued a “market perform” rating and set a $23.00 target price on shares of Capri in a research report on Thursday, February 20th. JPMorgan Chase & Co. raised their price target on Capri from $15.00 to $19.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. Finally, Guggenheim reissued a “buy” rating and set a $30.00 price objective on shares of Capri in a research report on Wednesday, February 12th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $25.92.

Capri Price Performance

Shares of NYSE:CPRI opened at $21.34 on Tuesday. The business’s 50 day moving average is $22.40 and its 200-day moving average is $26.47. The company has a current ratio of 1.21, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36. The firm has a market capitalization of $2.52 billion, a PE ratio of -2.50, a PEG ratio of 7.80 and a beta of 2.10. Capri Holdings Limited has a 1-year low of $18.53 and a 1-year high of $46.09.

Capri (NYSE:CPRI) last posted 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 positive return on equity of 12.89% and a negative net margin of 21.79%. During the same quarter last year, the company posted $1.20 EPS. Sell-side analysts predict that Capri Holdings Limited will post 0.98 earnings per share for the current year.

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.