Quantinno Capital Management LP Takes Position in Capri Holdings Limited (NYSE:CPRI)

Quantinno Capital Management LP acquired a new position in Capri Holdings Limited (NYSE:CPRI) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 6,127 shares of the company’s stock, valued at approximately $260,000.

Several other institutional investors also recently bought and sold shares of CPRI. FMR LLC boosted its holdings in Capri by 389.2% in the third quarter. FMR LLC now owns 2,858,480 shares of the company’s stock valued at $121,314,000 after acquiring an additional 2,274,149 shares in the last quarter. Baupost Group LLC MA purchased a new position in shares of Capri in the 2nd quarter worth about $33,080,000. DME Capital Management LP bought a new position in Capri in the 2nd quarter worth about $22,652,000. Primecap Management Co. CA grew its position in Capri by 14.2% during the 3rd quarter. Primecap Management Co. CA now owns 4,140,755 shares of the company’s stock valued at $175,734,000 after purchasing an additional 515,963 shares during the last quarter. Finally, Cinctive Capital Management LP bought a new stake in Capri during the 3rd quarter valued at about $12,689,000. 84.34% of the stock is currently owned by hedge funds and other institutional investors.

Capri Stock Performance

CPRI stock opened at $22.16 on Tuesday. Capri Holdings Limited has a twelve month low of $18.70 and a twelve month high of $51.23. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of -7.24, a PEG ratio of 4.63 and a beta of 2.05. The business’s fifty day simple moving average is $26.83 and its two-hundred day simple moving average is $32.06. The company has a quick ratio of 0.38, a current ratio of 0.93 and a debt-to-equity ratio of 0.83.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on CPRI shares. JPMorgan Chase & Co. upped their target price on shares of Capri from $15.00 to $19.00 and gave the company a “neutral” rating in a research note on Monday. Wells Fargo & Company lowered their target price on Capri from $42.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, October 25th. TD Cowen dropped their price objective on shares of Capri from $57.00 to $22.00 and set a “hold” rating for the company in a research note on Friday, November 15th. Citigroup cut shares of Capri from a “buy” rating to a “neutral” rating and set a $41.00 target price on the stock. in a research report on Friday, September 13th. Finally, UBS Group reduced their price objective on Capri from $42.00 to $39.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Capri presently has an average rating of “Hold” and a consensus price target of $27.90.

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.