Charles Schwab Investment Management Inc. Grows Stock Position in Capri Holdings Limited (NYSE:CPRI)

Charles Schwab Investment Management Inc. raised its position in Capri Holdings Limited (NYSE:CPRI - Free Report) by 7.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,004,085 shares of the company's stock after acquiring an additional 73,672 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.85% of Capri worth $21,146,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd acquired a new position in Capri in the 3rd quarter valued at about $224,000. Senvest Management LLC acquired a new position in Capri in the 3rd quarter valued at about $6,610,000. Primecap Management Co. CA grew its position in Capri by 14.2% in the 3rd 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 in the last quarter. Anthracite Investment Company Inc. acquired a new position in shares of Capri during the third quarter worth about $7,869,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of 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 worth $13,659,000 after buying an additional 139,063 shares in the last quarter. 84.34% of the stock is owned by institutional investors and hedge funds.

Capri Stock Performance

NYSE CPRI traded down $0.28 on Friday, reaching $20.23. The stock had a trading volume of 11,423,495 shares, compared to its average volume of 2,760,779. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.59 and a current ratio of 1.21. Capri Holdings Limited has a 12-month low of $18.53 and a 12-month high of $46.09. The business's 50-day moving average price is $22.45 and its 200 day moving average price is $26.64. The stock has a market cap of $2.38 billion, a P/E ratio of -2.37, a price-to-earnings-growth ratio of 7.80 and a beta of 2.10.

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Capri (NYSE:CPRI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates of $0.72 by ($0.27). Capri had a negative net margin of 21.79% and a positive return on equity of 12.89%. During the same period in the previous year, the firm posted $1.20 earnings per share. As a group, equities analysts expect that Capri Holdings Limited will post 0.98 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CPRI has been the subject of a number of analyst reports. Guggenheim reissued a "buy" rating and set a $30.00 price objective on shares of Capri in a research report on Wednesday, February 12th. Telsey Advisory Group reissued a "market perform" rating and set a $23.00 price objective on shares of Capri in a research report on Thursday, February 20th. Bank of America initiated coverage on Capri in a research report on Monday, February 10th. They set a "neutral" rating and a $23.00 price objective for the company. Wells Fargo & Company boosted their price objective on Capri from $28.00 to $30.00 and gave the stock an "overweight" rating in a research report on Monday, January 27th. Finally, BMO Capital Markets raised Capri from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $25.00 to $31.00 in a research report on Monday, January 6th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target 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.