Tokio Marine Asset Management Co. Ltd. Invests $5.09 Million in Capri Holdings Limited (NYSE:CPRI)

Tokio Marine Asset Management Co. Ltd. purchased a new stake in shares of Capri Holdings Limited (NYSE:CPRI) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 101,300 shares of the company’s stock, valued at approximately $5,089,000.

Several other institutional investors have also recently bought and sold shares of CPRI. SG Americas Securities LLC raised its stake in shares of Capri by 27.8% in the third quarter. SG Americas Securities LLC now owns 5,417 shares of the company’s stock worth $285,000 after acquiring an additional 1,177 shares during the last quarter. Avaii Wealth Management LLC bought a new position in Capri in the 3rd quarter worth approximately $303,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Capri by 16.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,989 shares of the company’s stock worth $1,262,000 after buying an additional 3,409 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Capri by 9.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,279 shares of the company’s stock worth $593,000 after buying an additional 1,012 shares in the last quarter. Finally, First Trust Direct Indexing L.P. bought a new position in Capri in the 3rd quarter valued at $247,000. Institutional investors own 84.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CPRI. StockNews.com started coverage on Capri in a research report on Saturday, April 13th. They set a “hold” rating for the company. Telsey Advisory Group reduced their target price on shares of Capri from $57.00 to $42.00 and set a “market perform” rating on the stock in a research note on Tuesday. Finally, OTR Global reissued a “mixed” rating on shares of Capri in a research note on Wednesday, April 17th. Thirteen research analysts have rated the stock with a hold rating, Based on data from MarketBeat, Capri has an average rating of “Hold” and a consensus price target of $49.25.

Capri Stock Down 3.0 %

Shares of NYSE:CPRI traded down $1.10 during mid-day trading on Wednesday, reaching $35.41. 4,546,883 shares of the stock were exchanged, compared to its average volume of 1,350,998. The company has a market cap of $4.13 billion, a P/E ratio of 19.89, a P/E/G ratio of 7.71 and a beta of 2.03. The stock’s 50 day simple moving average is $44.54 and its 200-day simple moving average is $47.78. The company has a quick ratio of 0.49, a current ratio of 1.06 and a debt-to-equity ratio of 0.71. Capri Holdings Limited has a one year low of $34.17 and a one year high of $54.52.

Capri (NYSE:CPRI) last released its earnings results on Thursday, February 8th. The company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.54). The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.48 billion. Capri had a return on equity of 25.79% and a net margin of 3.96%. The business’s revenue was down 5.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.84 EPS. As a group, equities research analysts predict that Capri Holdings Limited will post 3.8 EPS for the current year.

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.