Segall Bryant & Hamill LLC Purchases Shares of 1,168,893 Capri Holdings Limited (NYSE:CPRI)

Segall Bryant & Hamill LLC acquired a new stake in shares of Capri Holdings Limited (NYSE:CPRI) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 1,168,893 shares of the company’s stock, valued at approximately $24,617,000.

Several other large investors have also made changes to their positions in CPRI. Pacer Advisors Inc. lifted its holdings in 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 during the last quarter. Vaughan Nelson Investment Management L.P. bought a new position in shares of Capri in the fourth quarter valued at approximately $48,953,000. FMR LLC boosted its holdings in shares of Capri by 389.2% in the 3rd quarter. FMR LLC now owns 2,858,480 shares of the company’s stock worth $121,314,000 after acquiring an additional 2,274,149 shares in the last quarter. Oddo BHF Asset Management Sas bought a new stake in Capri during the 3rd quarter worth approximately $25,888,000. Finally, Primecap Management Co. CA increased its holdings in 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 purchasing an additional 547,578 shares in the last quarter. Institutional investors own 84.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CPRI. BMO Capital Markets upgraded Capri from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $25.00 to $31.00 in a report on Monday, January 6th. Citigroup upgraded shares of Capri from a “neutral” rating to a “buy” rating and raised their price objective for the company from $21.00 to $29.00 in a research report on Friday, January 10th. Barclays reduced their target price on shares of Capri from $21.00 to $19.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 6th. Bank of America began coverage on shares of Capri in a report on Monday, February 10th. They issued a “neutral” rating and a $23.00 price target for the company. Finally, Guggenheim reaffirmed a “buy” rating and set a $30.00 price objective on shares of Capri in a report on Wednesday, February 12th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Capri presently has a consensus rating of “Hold” and a consensus target price of $25.92.

Capri Stock Performance

CPRI stock opened at $21.34 on Tuesday. Capri Holdings Limited has a twelve month low of $18.53 and a twelve month high of $46.09. The company has a quick ratio of 0.59, a current ratio of 1.21 and a debt-to-equity ratio of 1.36. The company has a market cap of $2.52 billion, a P/E ratio of -2.50, a price-to-earnings-growth ratio of 7.80 and a beta of 2.10. The business’s fifty day moving average is $22.40 and its 200-day moving average is $26.47.

Capri (NYSE:CPRI) last released its quarterly earnings data 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 in the prior year, the company posted $1.20 earnings per share. Equities research analysts forecast that Capri Holdings Limited will post 0.98 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.