Pacer Advisors Inc. Purchases 3,885,732 Shares of Capri Holdings Limited (NYSE:CPRI)

Pacer Advisors Inc. lifted its position in shares of Capri Holdings Limited (NYSE:CPRI) by 22,554.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,902,960 shares of the company’s stock after purchasing an additional 3,885,732 shares during the quarter. Pacer Advisors Inc. owned 3.31% of Capri worth $82,196,000 at the end of the most recent reporting period.

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

Capri Stock Up 0.3 %

Shares of CPRI opened at $24.93 on Monday. 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 12 month low of $18.70 and a 12 month high of $49.43. The firm’s 50 day moving average is $22.12 and its 200-day moving average is $29.87. The stock has a market capitalization of $2.94 billion, a PE ratio of -8.15, a P/E/G ratio of 5.20 and a beta of 2.06.

Capri (NYSE:CPRI) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.65 EPS 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 the consensus estimate of $1.17 billion. Capri had a positive return on equity of 16.54% and a negative net margin of 7.44%. During the same quarter last year, the business earned $1.13 EPS. Equities research analysts forecast that Capri Holdings Limited will post 1.65 EPS for the current year.

Wall Street Analyst Weigh In

CPRI has been the topic of a number of recent research reports. Wells Fargo & Company lifted their target price on Capri from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Monday. Guggenheim raised Capri from a “neutral” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Tuesday, November 26th. TD Cowen lowered their price target on Capri from $57.00 to $22.00 and set a “hold” rating on the stock in a research report on Friday, November 15th. Robert W. Baird cut their price objective on Capri from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. raised their target price 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. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $27.73.

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.