UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 139,063 Shares of Capri Holdings Limited (NYSE:CPRI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Capri Holdings Limited (NYSE:CPRI - Free Report) by 76.1% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 321,834 shares of the company's stock after buying an additional 139,063 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.27% of Capri worth $13,659,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. 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 valued at $121,314,000 after buying an additional 2,274,149 shares during the period. Baupost Group LLC MA bought a new stake in Capri during the 2nd quarter worth approximately $33,080,000. DME Capital Management LP acquired a new position in Capri in the 2nd quarter valued at approximately $22,652,000. Primecap Management Co. CA raised its stake in shares of Capri by 14.2% during the third quarter. Primecap Management Co. CA now owns 4,140,755 shares of the company's stock valued at $175,734,000 after acquiring an additional 515,963 shares during the last quarter. Finally, Clearline Capital LP acquired a new position in shares of Capri during the second quarter worth $9,362,000. Institutional investors own 84.34% of the company's stock.

Capri Stock Up 1.4 %

NYSE:CPRI traded up $0.31 during trading hours on Friday, reaching $22.29. The company had a trading volume of 3,651,073 shares, compared to its average volume of 4,988,252. The firm has a market cap of $2.63 billion, a price-to-earnings ratio of -7.28, a P/E/G ratio of 4.90 and a beta of 2.05. The business's 50-day simple moving average is $29.28 and its two-hundred day simple moving average is $32.61. The company has a quick ratio of 0.38, a current ratio of 0.93 and a debt-to-equity ratio of 0.83. Capri Holdings Limited has a twelve month low of $18.70 and a twelve month high of $51.23.

Analysts Set New Price Targets

A number of research firms recently weighed in on CPRI. JPMorgan Chase & Co. decreased their price objective on Capri from $57.00 to $22.00 and set a "neutral" rating for the company in a report on Friday, October 25th. Barclays reissued an "equal weight" rating and issued a $21.00 price target on shares of Capri in a research note on Wednesday, November 20th. Guggenheim raised Capri from a "neutral" rating to a "buy" rating and set a $30.00 price objective on the stock in a research note on Tuesday, November 26th. Robert W. Baird decreased their target price 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. Finally, Wells Fargo & Company dropped their price target on shares of Capri from $42.00 to $23.00 and set an "equal weight" rating on the stock in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $28.20.

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.