Janney Montgomery Scott LLC Acquires 13,785 Shares of Capri Holdings Limited (NYSE:CPRI)

Janney Montgomery Scott LLC boosted its position in Capri Holdings Limited (NYSE:CPRI) by 174.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,670 shares of the company’s stock after acquiring an additional 13,785 shares during the period. Janney Montgomery Scott LLC’s holdings in Capri were worth $456,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of CPRI. Lind Value II ApS purchased a new position in Capri during the 4th quarter valued at about $9,087,000. Accurate Wealth Management LLC increased its stake in shares of Capri by 114.5% in the fourth quarter. Accurate Wealth Management LLC now owns 52,431 shares of the company’s stock worth $1,104,000 after purchasing an additional 27,992 shares in the last quarter. Moody National Bank Trust Division bought a new position in shares of Capri during the fourth quarter worth $841,000. Oddo BHF Asset Management Sas bought a new position in Capri during the third quarter valued at $25,888,000. Finally, Rule One Partners LLC bought a new position in Capri during the third quarter valued at $2,483,000. 84.34% of the stock is owned by hedge funds and other institutional investors.

Capri Stock Performance

NYSE CPRI opened at $21.71 on Monday. The business’s 50-day simple moving average is $22.60 and its 200-day simple moving average is $29.13. The firm has a market capitalization of $2.56 billion, a P/E ratio of -2.54, a P/E/G ratio of 4.97 and a beta of 2.06. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.21 and a quick ratio of 0.38. Capri Holdings Limited has a 1-year low of $18.70 and a 1-year high of $47.80.

Capri (NYSE:CPRI) last issued 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 negative net margin of 21.79% and a positive return on equity of 12.89%. During the same period in the prior year, the company earned $1.20 earnings per share. Equities analysts predict that Capri Holdings Limited will post 1.51 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. JPMorgan Chase & Co. raised their price target 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. Guggenheim raised shares of Capri from a “neutral” rating to a “buy” rating and set a $30.00 price target for the company in a report on Tuesday, November 26th. Robert W. Baird lowered their price target on shares of Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Jefferies Financial Group upped their target price on shares of Capri from $20.00 to $23.00 and gave the company a “hold” rating in a research report on Tuesday, January 28th. Finally, StockNews.com raised shares of Capri from a “sell” rating to a “hold” rating in a research report on Friday. Eight 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, the stock has an average rating of “Hold” and a consensus price target of $26.18.

Capri 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.