Capri Holdings Limited (NYSE:CPRI) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets decreased its stake in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) by 42.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,952 shares of the company's stock after selling 25,527 shares during the quarter. BNP Paribas Financial Markets' holdings in Capri were worth $1,441,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CPRI. Primecap Management Co. CA raised its holdings in Capri by 14.2% during the third quarter. Primecap Management Co. CA now owns 4,140,755 shares of the company's stock worth $175,734,000 after purchasing an additional 515,963 shares in the last quarter. FMR LLC raised its stake in Capri by 389.2% during the 3rd quarter. FMR LLC now owns 2,858,480 shares of the company's stock worth $121,314,000 after acquiring an additional 2,274,149 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Capri by 4.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,587,602 shares of the company's stock valued at $52,514,000 after acquiring an additional 68,081 shares during the last quarter. Baupost Group LLC MA acquired a new position in Capri in the second quarter valued at $33,080,000. Finally, Samlyn Capital LLC grew its holdings in shares of Capri by 8.3% during the second quarter. Samlyn Capital LLC now owns 795,258 shares of the company's stock worth $26,307,000 after purchasing an additional 61,232 shares during the last quarter. Institutional investors and hedge funds own 84.34% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CPRI. Citigroup cut Capri from a "buy" rating to a "neutral" rating and set a $41.00 target price for the company. in a research report on Friday, September 13th. Guggenheim raised Capri from a "neutral" rating to a "buy" rating and set a $30.00 price objective for the company in a report on Tuesday, November 26th. JPMorgan Chase & Co. cut their target price on shares of Capri from $57.00 to $22.00 and set a "neutral" rating on the stock in a report on Friday, October 25th. Wells Fargo & Company dropped their target price on Capri from $42.00 to $23.00 and set an "equal weight" rating on the stock in a report on Friday, October 25th. Finally, TD Cowen lowered their price objective on Capri from $57.00 to $22.00 and set a "hold" rating on the stock in a report on Friday, November 15th. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Capri presently has an average rating of "Hold" and an average target price of $28.20.

Capri Price Performance

CPRI stock traded up $0.02 on Monday, reaching $22.31. The company had a trading volume of 4,096,709 shares, compared to its average volume of 2,183,688. Capri Holdings Limited has a 1 year low of $18.70 and a 1 year high of $51.23. The company has a market cap of $2.63 billion, a P/E ratio of -7.28, a PEG ratio of 4.75 and a beta of 2.05. The company's fifty day moving average is $29.28 and its 200 day moving average is $32.59. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.38 and a current ratio of 0.93.

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.