American Century Companies Inc. Lowers Stock Position in Capri Holdings Limited (NYSE:CPRI)

American Century Companies Inc. cut its holdings in Capri Holdings Limited (NYSE:CPRI - Free Report) by 8.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 838,399 shares of the company's stock after selling 80,525 shares during the period. American Century Companies Inc. owned 0.71% of Capri worth $17,657,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd bought a new stake in Capri in the 3rd quarter worth approximately $224,000. Primecap Management Co. CA lifted its stake in Capri by 13.2% in the fourth quarter. Primecap Management Co. CA now owns 4,688,333 shares of the company's stock worth $98,736,000 after purchasing an additional 547,578 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Capri by 76.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 321,834 shares of the company's stock valued at $13,659,000 after buying an additional 139,063 shares during the period. Geode Capital Management LLC grew its stake in shares of Capri by 2.2% during the third quarter. Geode Capital Management LLC now owns 1,942,145 shares of the company's stock valued at $82,446,000 after buying an additional 41,009 shares during the last quarter. Finally, Rule One Partners LLC purchased a new position in shares of Capri in the third quarter worth about $2,483,000. Institutional investors own 84.34% of the company's stock.

Analyst Ratings Changes

CPRI has been the subject of a number of recent analyst reports. Barclays lowered their price target on Capri from $21.00 to $19.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. Guggenheim reissued a "buy" rating and issued a $30.00 target price on shares of Capri in a research report on Wednesday, February 12th. Jefferies Financial Group boosted their price target on Capri from $20.00 to $23.00 and gave the company a "hold" rating in a research note on Tuesday, January 28th. JPMorgan Chase & Co. lifted their price objective on Capri from $15.00 to $19.00 and gave the company a "neutral" rating in a research report on Monday, December 16th. Finally, Citigroup raised shares of Capri from a "neutral" rating to a "buy" rating and increased their target price for the stock from $21.00 to $29.00 in a report on Friday, January 10th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $25.92.

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Capri Stock Down 23.3 %

Shares of NYSE CPRI traded down $4.58 during midday trading on Thursday, reaching $15.06. 16,203,320 shares of the company's stock traded hands, compared to its average volume of 2,906,798. The company has a market cap of $1.78 billion, a price-to-earnings ratio of -1.76, a P/E/G ratio of 7.80 and a beta of 2.10. Capri Holdings Limited has a one year low of $13.76 and a one year high of $45.70. The company has a quick ratio of 0.59, a current ratio of 1.21 and a debt-to-equity ratio of 1.36. The stock's 50 day simple moving average is $21.89 and its 200-day simple moving average is $25.69.

Capri (NYSE:CPRI - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.72 by ($0.27). Capri had a positive return on equity of 12.89% and a negative net margin of 21.79%. During the same quarter in the prior year, the company earned $1.20 earnings per share. On average, analysts predict that Capri Holdings Limited will post 0.98 EPS for the current fiscal 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.