ETF Managers Group LLC Buys Shares of 2,306 Capri Holdings Ltd (CPRI)

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ETF Managers Group LLC bought a new position in shares of Capri Holdings Ltd (NYSE:CPRI) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,306 shares of the company’s stock, valued at approximately $106,000.

Several other hedge funds have also modified their holdings of CPRI. CenterStar Asset Management LLC purchased a new position in shares of Capri during the 1st quarter worth approximately $49,000. Quadrant Capital Group LLC purchased a new position in Capri in the 1st quarter valued at approximately $54,000. Asset Dedication LLC purchased a new position in Capri in the 1st quarter valued at approximately $55,000. Focused Wealth Management Inc purchased a new position in Capri in the 1st quarter valued at approximately $55,000. Finally, NuWave Investment Management LLC purchased a new position in Capri in the 1st quarter valued at approximately $76,000. 86.17% of the stock is owned by institutional investors and hedge funds.

NYSE CPRI opened at $38.99 on Monday. Capri Holdings Ltd has a 1-year low of $35.68 and a 1-year high of $75.96. The company has a market capitalization of $5.88 billion, a P/E ratio of 7.83, a PEG ratio of 1.19 and a beta of 0.47. The company has a quick ratio of 1.93, a current ratio of 2.48 and a debt-to-equity ratio of 0.86.

Several equities analysts recently weighed in on the company. Zacks Investment Research raised Capri from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research note on Wednesday, May 8th. UBS Group dropped their price objective on Capri from $75.00 to $73.00 and set a “buy” rating for the company in a research note on Tuesday, April 30th. ValuEngine downgraded Capri from a “sell” rating to a “strong sell” rating in a research note on Wednesday, April 24th. Barclays assumed coverage on Capri in a research note on Tuesday, February 26th. They issued an “overweight” rating and a $53.00 price objective for the company. Finally, Guggenheim reaffirmed a “hold” rating on shares of Capri in a research note on Wednesday, February 6th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $58.29.

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Capri Company Profile

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.

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Institutional Ownership by Quarter for Capri (NYSE:CPRI)

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