Charles Schwab Investment Management Inc. Decreases Stake in Capri Holdings Limited (NYSE:CPRI)

Charles Schwab Investment Management Inc. decreased its stake in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) by 23.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 930,413 shares of the company's stock after selling 282,838 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.79% of Capri worth $39,487,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Riverwater Partners LLC purchased a new position in shares of Capri in the third quarter worth $1,030,000. Primecap Management Co. CA raised its stake in shares of Capri by 14.2% in 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 during the last quarter. Anthracite Investment Company Inc. purchased a new position in shares of Capri in the third quarter worth $7,869,000. Aristides Capital LLC bought a new stake in shares of Capri in the second quarter worth $1,865,000. Finally, Fortis Group Advisors LLC bought a new stake in shares of Capri in the third quarter worth $2,149,000. Hedge funds and other institutional investors own 84.34% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on CPRI shares. Robert W. Baird cut their price objective on Capri from $24.00 to $23.00 and set a "neutral" rating for the company in a report on Friday, November 8th. UBS Group cut their price objective on Capri from $42.00 to $39.00 and set a "neutral" rating for the company in a report on Wednesday, September 11th. 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. TD Cowen cut their price objective on Capri from $57.00 to $22.00 and set a "hold" rating for the company in a report on Friday, November 15th. Finally, Citigroup lowered Capri from a "buy" rating to a "neutral" rating and set a $41.00 price target for the company. in a report on Friday, September 13th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $28.20.

Capri Stock Performance

Shares of Capri stock traded down $0.52 during trading hours on Tuesday, hitting $22.86. The company's stock had a trading volume of 2,534,469 shares, compared to its average volume of 2,165,757. The business has a 50 day moving average price of $30.57 and a two-hundred day moving average price of $32.95. Capri Holdings Limited has a 12-month low of $18.70 and a 12-month high of $51.23. 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 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.