Pacer Advisors Inc. Has $82.20 Million Stock Holdings in Capri Holdings Limited (NYSE:CPRI)

Pacer Advisors Inc. increased its holdings in shares of Capri Holdings Limited (NYSE:CPRI) by 22,554.7% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,902,960 shares of the company’s stock after buying an additional 3,885,732 shares during the quarter. Pacer Advisors Inc.’s holdings in Capri were worth $82,196,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CPRI. KBC Group NV grew 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 acquiring an additional 1,965 shares during the last quarter. Avaii Wealth Management LLC lifted its holdings in shares of Capri by 95.8% during the fourth quarter. Avaii Wealth Management LLC now owns 13,381 shares of the company’s stock worth $282,000 after purchasing an additional 6,546 shares during the period. Exchange Traded Concepts LLC grew its stake in shares of Capri by 3.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 21,767 shares of the company’s stock worth $458,000 after purchasing an additional 643 shares during the last quarter. LexAurum Advisors LLC acquired a new stake in Capri in the fourth quarter valued at $211,000. Finally, Janney Montgomery Scott LLC raised its position in Capri by 174.8% during the 4th quarter. Janney Montgomery Scott LLC now owns 21,670 shares of the company’s stock worth $456,000 after purchasing an additional 13,785 shares during the last quarter. 84.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Robert W. Baird reduced their price target on Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. Telsey Advisory Group decreased their target price on shares of Capri from $26.00 to $23.00 and set a “market perform” rating for the company in a research report on Friday, November 15th. Guggenheim upgraded 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. TD Cowen decreased their price objective on shares of Capri from $57.00 to $22.00 and set a “hold” rating for the company in a research report on Friday, November 15th. Finally, JPMorgan Chase & Co. upped their price target on shares of Capri from $15.00 to $19.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $27.73.

Capri Price Performance

CPRI stock opened at $24.93 on Monday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.93 and a quick ratio of 0.38. The company’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 price-to-earnings-growth ratio of 5.20 and a beta of 2.06. Capri Holdings Limited has a 1 year low of $18.70 and a 1 year high of $49.43.

Capri (NYSE:CPRI) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.09). The firm had revenue of $1.08 billion during 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 in the previous year, the company posted $1.13 EPS. Equities research analysts expect that Capri Holdings Limited will post 1.65 EPS for the current fiscal 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.