Tokio Marine Asset Management Co. Ltd. Increases Holdings in Capri Holdings Limited (NYSE:CPRI)

Tokio Marine Asset Management Co. Ltd. boosted its position in shares of Capri Holdings Limited (NYSE:CPRI) by 127.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 167,000 shares of the company’s stock after purchasing an additional 93,500 shares during the quarter. Tokio Marine Asset Management Co. Ltd. owned about 0.14% of Capri worth $7,087,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CPRI. Dimensional Fund Advisors LP grew its stake in shares of Capri by 4.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,587,602 shares of the company’s stock valued at $52,514,000 after purchasing an additional 68,081 shares during the period. Baupost Group LLC MA bought a new stake in shares of Capri during the 2nd quarter valued at $33,080,000. Carlson Capital L P lifted its position in shares of Capri by 2.1% in the first quarter. Carlson Capital L P now owns 955,000 shares of the company’s stock worth $43,262,000 after buying an additional 20,000 shares in the last quarter. Samlyn Capital LLC grew its position in Capri by 8.3% in the second quarter. Samlyn Capital LLC now owns 795,258 shares of the company’s stock worth $26,307,000 after acquiring an additional 61,232 shares in the last quarter. Finally, DME Capital Management LP purchased a new stake in Capri during the 2nd quarter valued at $22,652,000. 84.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CPRI. StockNews.com downgraded Capri from a “hold” rating to a “sell” rating in a report on Tuesday, August 27th. UBS Group lowered their price target on shares of Capri from $42.00 to $39.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 11th. JPMorgan Chase & Co. reduced their price objective on Capri from $57.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Citigroup downgraded shares of Capri from a “buy” rating to a “neutral” rating and set a $41.00 price target on the stock. in a research note on Friday, September 13th. Finally, Robert W. Baird decreased their target price on Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $30.29.

Capri Price Performance

NYSE:CPRI traded down $0.65 during trading hours on Thursday, reaching $19.00. 2,507,250 shares of the company’s stock were exchanged, compared to its average volume of 1,983,765. The company has a quick ratio of 0.38, a current ratio of 0.93 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $2.24 billion, a P/E ratio of -6.42, a price-to-earnings-growth ratio of 3.84 and a beta of 2.05. Capri Holdings Limited has a 12 month low of $18.75 and a 12 month high of $51.23. The business’s 50-day simple moving average is $34.87 and its two-hundred day simple moving average is $34.28.

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.