Oddo BHF Asset Management Sas Invests $25.89 Million in Capri Holdings Limited (NYSE:CPRI)

Oddo BHF Asset Management Sas acquired a new stake in shares of Capri Holdings Limited (NYSE:CPRI) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 610,000 shares of the company’s stock, valued at approximately $25,888,000. Capri comprises approximately 1.3% of Oddo BHF Asset Management Sas’ investment portfolio, making the stock its 15th biggest position. Oddo BHF Asset Management Sas owned approximately 0.52% of Capri as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. CWM LLC lifted its stake in Capri by 35.2% in the second quarter. CWM LLC now owns 2,452 shares of the company’s stock worth $81,000 after purchasing an additional 638 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Capri by 50.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,399 shares of the company’s stock worth $278,000 after buying an additional 2,806 shares during the period. Nisa Investment Advisors LLC boosted its holdings in Capri by 12.2% during the 2nd quarter. Nisa Investment Advisors LLC now owns 6,485 shares of the company’s stock valued at $215,000 after acquiring an additional 705 shares during the period. Calamos Advisors LLC boosted its holdings in Capri by 6.2% during the 2nd quarter. Calamos Advisors LLC now owns 659,298 shares of the company’s stock valued at $21,810,000 after acquiring an additional 38,343 shares during the period. Finally, GAM Holding AG increased its stake in Capri by 20.0% in the 2nd quarter. GAM Holding AG now owns 18,000 shares of the company’s stock worth $595,000 after purchasing an additional 3,000 shares during the period. 84.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on CPRI shares. Citigroup cut shares of Capri from a “buy” rating to a “neutral” rating and set a $41.00 target price on the stock. in a report on Friday, September 13th. Robert W. Baird dropped their price target on shares of Capri from $24.00 to $23.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. JPMorgan Chase & Co. decreased their price objective on shares of Capri from $57.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Wells Fargo & Company dropped their target price on shares of Capri from $42.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, October 25th. Finally, Guggenheim upgraded Capri from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $28.20.

Capri Stock Down 0.6 %

CPRI stock opened at $21.62 on Friday. Capri Holdings Limited has a fifty-two week low of $18.70 and a fifty-two week high of $51.23. The company has a market capitalization of $2.55 billion, a price-to-earnings ratio of -7.06, a price-to-earnings-growth ratio of 4.63 and a beta of 2.05. The business’s 50 day moving average price is $27.66 and its two-hundred day moving average price is $32.27. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.38 and a current ratio of 0.93.

About Capri

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.