Trustmark National Bank Trust Department acquired a new stake in Capri Holdings Ltd (NYSE:CPRI) during the first quarter, according to its most recent filing with the SEC. The firm acquired 55,130 shares of the company’s stock, valued at approximately $595,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. US Bancorp DE lifted its stake in shares of Capri by 657.6% in the 1st quarter. US Bancorp DE now owns 2,826 shares of the company’s stock valued at $30,000 after purchasing an additional 2,453 shares during the period. Arden Trust Co acquired a new stake in shares of Capri in the 1st quarter valued at about $35,000. Atlas Capital Advisors LLC acquired a new stake in shares of Capri in the 1st quarter valued at about $68,000. Marshall Wace LLP bought a new position in shares of Capri in the 1st quarter valued at about $69,000. Finally, Vestcor Investment Management Corp bought a new position in shares of Capri in the 4th quarter valued at about $100,000. Hedge funds and other institutional investors own 92.34% of the company’s stock.
A number of equities analysts recently commented on the company. Citigroup reduced their price target on Capri from $26.00 to $21.00 and set a “buy” rating for the company in a report on Thursday, April 30th. Deutsche Bank dropped their price target on shares of Capri from $24.00 to $21.00 and set a “hold” rating for the company in a research report on Monday. Guggenheim dropped their price target on shares of Capri from $45.00 to $20.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. BTIG Research initiated coverage on shares of Capri in a research report on Tuesday, April 28th. They set a “neutral” rating for the company. Finally, Morgan Stanley lowered their price objective on shares of Capri from $33.00 to $15.00 and set an “equal weight” rating for the company in a research report on Tuesday, May 12th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and five have given a buy rating to the company. Capri presently has an average rating of “Hold” and an average target price of $33.85.
Shares of Capri stock traded down $2.40 on Thursday, hitting $17.08. 3,096,112 shares of the company traded hands, compared to its average volume of 4,836,717. The firm’s 50-day simple moving average is $15.65 and its 200 day simple moving average is $14.77. The company has a current ratio of 0.77, a quick ratio of 0.36 and a debt-to-equity ratio of 1.09. The company has a market cap of $2.67 billion, a P/E ratio of 7.56, a P/E/G ratio of 1.74 and a beta of 1.88. Capri Holdings Ltd has a 12-month low of $5.42 and a 12-month high of $39.90.
Capri Holdings Limited design, markets, distributes, and retails branded women's and men's apparel and accessories. It operates in four segments: MK Retail, MK Wholesale, MK Licensing, and Jimmy Choo. The MK Retail segment sells women's apparel; handbags and small leather goods; men's apparel; footwear; and licensed products comprising watches, jewelry, fragrances, and beauty and eyewear.
Want to see what other hedge funds are holding CPRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capri Holdings Ltd (NYSE:CPRI).
Receive News & Ratings for Capri Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capri and related companies with MarketBeat.com's FREE daily email newsletter.