National Bank of Canada FI Increases Stock Holdings in Capri Holdings Limited (NYSE:CPRI)

Posted by Defense World Staff on Oct 24th, 2023

National Bank of Canada FI lifted its stake in shares of Capri Holdings Limited (NYSE:CPRI – Free Report) by 252.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,127 shares of the company’s stock after buying an additional 807 shares during the quarter. National Bank of Canada FI’s holdings in Capri were worth $40,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. ARGA Investment Management LP grew its stake in Capri by 135.6% during the 1st quarter. ARGA Investment Management LP now owns 2,503,564 shares of the company’s stock valued at $117,668,000 after purchasing an additional 1,440,875 shares in the last quarter. Norges Bank acquired a new stake in Capri during the 4th quarter valued at approximately $79,231,000. American Century Companies Inc. grew its stake in Capri by 381.5% during the 1st quarter. American Century Companies Inc. now owns 1,404,842 shares of the company’s stock valued at $65,992,000 after purchasing an additional 1,113,074 shares in the last quarter. Pacer Advisors Inc. grew its stake in Capri by 22,192.9% during the 2nd quarter. Pacer Advisors Inc. now owns 958,594 shares of the company’s stock valued at $34,404,000 after purchasing an additional 954,294 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in Capri by 41.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,649,958 shares of the company’s stock valued at $136,182,000 after purchasing an additional 782,577 shares in the last quarter. 86.74% of the stock is currently owned by hedge funds and other institutional investors.

Capri Trading Up 0.1 %

NYSE:CPRI opened at $51.10 on Tuesday. Capri Holdings Limited has a 12-month low of $34.17 and a 12-month high of $69.25. The firm has a market capitalization of $5.93 billion, a P/E ratio of 14.68, a P/E/G ratio of 7.82 and a beta of 2.15. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.33 and a quick ratio of 0.52. The business has a 50 day simple moving average of $52.09 and a 200 day simple moving average of $43.45.

Capri (NYSE:CPRI – Get Free Report) last announced its earnings results on Thursday, August 10th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.05. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.20 billion. Capri had a return on equity of 34.58% and a net margin of 8.44%. The firm’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.50 EPS. Equities research analysts predict that Capri Holdings Limited will post 5.78 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. UBS Group lowered Capri from a “buy” rating to a “neutral” rating and raised their price objective for the company from $55.00 to $57.00 in a research note on Friday, August 11th. StockNews.com began coverage on Capri in a research report on Friday. They issued a “hold” rating for the company. Raymond James lowered Capri from a “strong-buy” rating to a “market perform” rating in a research report on Friday, August 11th. BMO Capital Markets lowered Capri from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $68.00 to $57.00 in a research report on Monday, August 14th. Finally, Jefferies Financial Group decreased their target price on Capri from $36.00 to $34.00 in a research report on Friday, August 4th. Fifteen research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Capri presently has an average rating of “Hold” and a consensus price target of $51.14.

Get Our Latest Research Report on Capri

Capri Company Profile

(Free Report)

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.

National Bank of Canada FI Increases Stock Holdings in Capri Holdings Limited (NYSE:CPRI)

Capri Trading Up 0.1 %

Wall Street Analysts Forecast Growth

Capri Company Profile

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