Vaughan Nelson Investment Management L.P. Buys Shares of 2,324,455 Capri Holdings Limited (NYSE:CPRI)

Vaughan Nelson Investment Management L.P. purchased a new position in Capri Holdings Limited (NYSE:CPRI) during the 4th quarter, Holdings Channel reports. The institutional investor purchased 2,324,455 shares of the company’s stock, valued at approximately $48,953,000.

Other large investors have also made changes to their positions in the company. Sunbelt Securities Inc. purchased a new position in Capri during the 3rd quarter worth $42,000. Quarry LP purchased a new stake in shares of Capri during the third quarter worth about $53,000. KBC Group NV increased its holdings in shares of Capri by 63.9% during the fourth quarter. KBC Group NV now owns 5,039 shares of the company’s stock valued at $106,000 after acquiring an additional 1,965 shares in the last quarter. CWM LLC boosted its stake in Capri by 26.9% in the 3rd quarter. CWM LLC now owns 3,112 shares of the company’s stock worth $132,000 after purchasing an additional 660 shares in the last quarter. Finally, Avior Wealth Management LLC grew its position in Capri by 15.2% during the 3rd quarter. Avior Wealth Management LLC now owns 4,033 shares of the company’s stock worth $171,000 after purchasing an additional 533 shares during the last quarter. 84.34% of the stock is owned by institutional investors and hedge funds.

Capri Stock Performance

Capri stock opened at $21.71 on Friday. Capri Holdings Limited has a 12 month low of $18.70 and a 12 month high of $47.80. The stock’s 50 day simple moving average is $22.60 and its two-hundred day simple moving average is $29.19. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.38 and a current ratio of 1.21.

Capri (NYSE:CPRI) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.27). Capri had a positive return on equity of 12.89% and a negative net margin of 21.79%. During the same quarter in the previous year, the company earned $1.20 EPS. On average, equities analysts expect that Capri Holdings Limited will post 1.51 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Robert W. Baird decreased their price target on shares of Capri from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Friday, November 8th. StockNews.com upgraded Capri from a “sell” rating to a “hold” rating in a research note on Friday. BMO Capital Markets upgraded Capri from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $25.00 to $31.00 in a research note on Monday, January 6th. Wells Fargo & Company raised their price objective on Capri from $28.00 to $30.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Finally, Guggenheim upgraded Capri from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Tuesday, November 26th. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Capri has an average rating of “Hold” and an average price target of $26.18.

Capri 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.