ING Groep NV Has $20.09 Million Holdings in Capri Holdings Limited (NYSE:CPRI)

ING Groep NV boosted its holdings in shares of Capri Holdings Limited (NYSE:CPRI) by 6.5% in the 3rd quarter, Holdings Channel reports. The firm owned 473,400 shares of the company’s stock after buying an additional 29,000 shares during the period. ING Groep NV’s holdings in Capri were worth $20,091,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CPRI. Bessemer Group Inc. boosted its position in Capri by 82.4% in the first quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock valued at $60,000 after buying an additional 601 shares in the last quarter. CWM LLC boosted its position in Capri by 35.2% during the second quarter. CWM LLC now owns 2,452 shares of the company’s stock valued at $81,000 after acquiring an additional 638 shares during the last quarter. Signaturefd LLC boosted its position in shares of Capri by 14.7% during the 2nd quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock valued at $90,000 after purchasing an additional 351 shares in the last quarter. EMC Capital Management boosted its holdings in shares of Capri by 32.7% during the 1st quarter. EMC Capital Management now owns 2,421 shares of the company’s stock worth $110,000 after buying an additional 596 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in Capri by 1,580.1% in the second quarter. GAMMA Investing LLC now owns 3,713 shares of the company’s stock worth $123,000 after purchasing an additional 3,492 shares during the period. 84.34% of the stock is currently owned by institutional investors.

Capri Price Performance

CPRI opened at $20.53 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.38 and a current ratio of 0.93. The company has a fifty day moving average price of $34.87 and a 200-day moving average price of $34.28. Capri Holdings Limited has a one year low of $18.70 and a one year high of $51.23.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on CPRI shares. Telsey Advisory Group reissued a “market perform” rating and issued a $26.00 price objective on shares of Capri in a research note on Friday, November 1st. StockNews.com downgraded shares of Capri from a “hold” rating to a “sell” rating in a research report on Tuesday, August 27th. Wells Fargo & Company decreased their target price on Capri from $42.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, October 25th. Citigroup lowered shares of Capri from a “buy” rating to a “neutral” rating and set a $41.00 price target for the company. in a research note on Friday, September 13th. Finally, Robert W. Baird lowered their price objective 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 analyst has rated the stock with a sell rating and seven have given a hold rating to the company. According to MarketBeat, Capri has an average rating of “Hold” and an average target price of $30.29.

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.