Capri Holdings Limited (NYSE:CPRI) Stock Position Lifted by ING Groep NV

ING Groep NV increased its position in shares of Capri Holdings Limited (NYSE:CPRI) by 6.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 473,400 shares of the company’s stock after acquiring an additional 29,000 shares during the period. ING Groep NV owned about 0.40% of Capri worth $20,091,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Bessemer Group Inc. lifted its holdings in shares of Capri by 82.4% during the first quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock worth $60,000 after buying an additional 601 shares during the last quarter. EMC Capital Management boosted its stake in Capri by 32.7% in the 1st quarter. EMC Capital Management now owns 2,421 shares of the company’s stock valued at $110,000 after buying an additional 596 shares in the last quarter. CWM LLC grew its holdings in shares of Capri by 35.2% in the 2nd quarter. CWM LLC now owns 2,452 shares of the company’s stock worth $81,000 after purchasing an additional 638 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Capri by 14.7% during the second quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock worth $90,000 after buying an additional 351 shares in the last quarter. Finally, KBC Group NV raised its position in Capri by 26.9% in the 3rd quarter. KBC Group NV now owns 3,074 shares of the company’s stock valued at $130,000 after purchasing an additional 652 shares during the last quarter. Institutional investors and hedge funds own 84.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CPRI. JPMorgan Chase & Co. decreased their price target on shares of Capri from $57.00 to $22.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Robert W. Baird dropped their price objective on Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. UBS Group lowered their price objective on shares of Capri from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Wednesday, September 11th. Telsey Advisory Group restated a “market perform” rating and issued a $26.00 target price on shares of Capri in a research note on Friday, November 1st. Finally, Citigroup cut Capri from a “buy” rating to a “neutral” rating and set a $41.00 price objective for the company. in a report on Friday, September 13th. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $30.29.

Capri Trading Up 4.5 %

Shares of NYSE CPRI opened at $20.53 on Friday. The business’s 50 day moving average is $34.87 and its 200-day moving average is $34.28. Capri Holdings Limited has a 1-year low of $18.70 and a 1-year high of $51.23. The company has a current ratio of 0.93, a quick ratio of 0.38 and a debt-to-equity ratio of 0.83.

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.