Vision One Management Partners LP Acquires New Position in Capri Holdings Limited (NYSE:CPRI)

Vision One Management Partners LP purchased a new position in Capri Holdings Limited (NYSE:CPRI) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 821,759 shares of the company’s stock, valued at approximately $17,306,000. Capri comprises about 9.3% of Vision One Management Partners LP’s investment portfolio, making the stock its 5th largest position. Vision One Management Partners LP owned approximately 0.70% of Capri at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Arizona State Retirement System grew its position in shares of Capri by 1.8% in the 4th quarter. Arizona State Retirement System now owns 34,185 shares of the company’s stock worth $720,000 after buying an additional 596 shares during the last quarter. Exchange Traded Concepts LLC boosted its position in shares of Capri by 3.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 21,767 shares of the company’s stock valued at $458,000 after purchasing an additional 643 shares in the last quarter. Xponance Inc. boosted its position in shares of Capri by 5.7% during the fourth quarter. Xponance Inc. now owns 14,056 shares of the company’s stock valued at $296,000 after purchasing an additional 757 shares in the last quarter. KBC Group NV boosted its position 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 purchasing an additional 1,965 shares in the last quarter. Finally, Twin Tree Management LP bought a new stake in shares of Capri during the fourth quarter valued at approximately $45,000. 84.34% of the stock is currently owned by hedge funds and other institutional investors.

Capri Trading Up 0.3%

Shares of CPRI opened at $18.55 on Monday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.21 and a quick ratio of 0.59. Capri Holdings Limited has a 1 year low of $11.86 and a 1 year high of $43.34. The company has a 50 day simple moving average of $16.96 and a two-hundred day simple moving average of $20.25. The firm has a market cap of $2.19 billion, a P/E ratio of -2.17, a price-to-earnings-growth ratio of 7.80 and a beta of 1.64.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CPRI. Guggenheim reissued a “buy” rating and set a $30.00 price target on shares of Capri in a research report on Wednesday, February 12th. Telsey Advisory Group reduced their price objective on Capri from $23.00 to $17.00 and set a “market perform” rating for the company in a report on Friday, April 11th. Wells Fargo & Company lowered their target price on shares of Capri from $30.00 to $25.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Jefferies Financial Group lifted their price target on shares of Capri from $20.00 to $23.00 and gave the stock a “hold” rating in a research note on Tuesday, January 28th. Finally, Barclays lowered their price objective on shares of Capri from $19.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 10th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $24.08.

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.