Franklin Resources Inc. cut its position in Capri Holdings Limited (NYSE:CPRI - Free Report) by 10.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,029,719 shares of the company's stock after selling 232,049 shares during the quarter. Franklin Resources Inc. owned 1.72% of Capri worth $87,379,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also added to or reduced their stakes in the company. Blair William & Co. IL raised its position in shares of Capri by 5.8% in the 2nd quarter. Blair William & Co. IL now owns 6,362 shares of the company's stock valued at $210,000 after purchasing an additional 350 shares in the last quarter. Signaturefd LLC raised its holdings in Capri by 14.7% in the second quarter. Signaturefd LLC now owns 2,734 shares of the company's stock valued at $90,000 after acquiring an additional 351 shares in the last quarter. Avior Wealth Management LLC boosted its stake in Capri by 15.2% during the 3rd quarter. Avior Wealth Management LLC now owns 4,033 shares of the company's stock valued at $171,000 after acquiring an additional 533 shares during the last quarter. CWM LLC boosted its stake in Capri by 35.2% during the 2nd 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. Finally, KBC Group NV grew its holdings in Capri by 26.9% during the 3rd quarter. KBC Group NV now owns 3,074 shares of the company's stock worth $130,000 after acquiring an additional 652 shares in the last quarter. 84.34% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
CPRI has been the subject of a number of research reports. Robert W. Baird decreased their price target on Capri from $24.00 to $23.00 and set a "neutral" rating for the company in a research note on Friday, November 8th. StockNews.com downgraded shares of Capri from a "hold" rating to a "sell" rating in a report on Tuesday, August 27th. Guggenheim raised shares of Capri from a "neutral" rating to a "buy" rating and set a $30.00 target price on the stock in a report on Tuesday, November 26th. Wells Fargo & Company decreased their price target 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, UBS Group cut their target price on shares of Capri from $42.00 to $39.00 and set a "neutral" rating on the stock in a report on Wednesday, September 11th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $27.90.
Check Out Our Latest Research Report on CPRI
Capri Stock Performance
Shares of NYSE CPRI traded up $0.80 during midday trading on Monday, hitting $22.16. 7,583,366 shares of the company's stock were exchanged, compared to its average volume of 2,228,246. Capri Holdings Limited has a twelve month low of $18.70 and a twelve month high of $51.23. The firm has a market cap of $2.61 billion, a P/E ratio of -7.24, a PEG ratio of 4.63 and a beta of 2.05. The stock's 50 day moving average price is $26.83 and its 200-day moving average price is $32.06. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.93 and a quick ratio of 0.38.
Capri Profile
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Free Report)
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.
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