Capri Holdings Limited (NYSE:CPRI) Shares Bought by Primecap Management Co. CA

Primecap Management Co. CA lifted its position in Capri Holdings Limited (NYSE:CPRI - Free Report) by 13.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,688,333 shares of the company's stock after buying an additional 547,578 shares during the period. Primecap Management Co. CA owned about 3.98% of Capri worth $98,736,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Pacer Advisors Inc. lifted its position in Capri by 22,554.7% during the fourth quarter. Pacer Advisors Inc. now owns 3,902,960 shares of the company's stock valued at $82,196,000 after purchasing an additional 3,885,732 shares during the period. FMR LLC increased its stake in shares of Capri by 389.2% in the third quarter. FMR LLC now owns 2,858,480 shares of the company's stock worth $121,314,000 after purchasing an additional 2,274,149 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Capri in the fourth quarter worth $48,953,000. Geode Capital Management LLC grew its stake in 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 acquiring an additional 41,009 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Capri by 7.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,004,085 shares of the company's stock valued at $21,146,000 after acquiring an additional 73,672 shares in the last quarter. Institutional investors own 84.34% of the company's stock.

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Capri Stock Down 1.3 %

NYSE CPRI traded down $0.28 during trading on Friday, reaching $20.23. 11,423,495 shares of the company's stock traded hands, compared to its average volume of 2,752,696. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.21 and a quick ratio of 0.59. The firm has a market cap of $2.38 billion, a price-to-earnings ratio of -2.37, a price-to-earnings-growth ratio of 7.80 and a beta of 2.10. The company's 50 day simple moving average is $22.45 and its two-hundred day simple moving average is $26.70. Capri Holdings Limited has a 12-month low of $18.53 and a 12-month high of $46.09.

Capri (NYSE:CPRI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.45 earnings per share (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 previous year, the company posted $1.20 earnings per share. As a group, sell-side analysts forecast that Capri Holdings Limited will post 0.98 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CPRI. Bank of America began coverage on shares of Capri in a research note on Monday, February 10th. They set a "neutral" rating and a $23.00 target price for the company. JPMorgan Chase & Co. increased their price objective on shares of Capri from $15.00 to $19.00 and gave the company a "neutral" rating in a research report on Monday, December 16th. Citigroup upgraded shares of Capri from a "neutral" rating to a "buy" rating and increased their price objective for the company from $21.00 to $29.00 in a research report on Friday, January 10th. Jefferies Financial Group increased their price objective on shares of Capri from $20.00 to $23.00 and gave the company a "hold" rating in a research report on Tuesday, January 28th. Finally, Telsey Advisory Group reiterated a "market perform" rating and set a $23.00 price objective on shares of Capri in a research report on Thursday, February 20th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $25.92.

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.