Fmr LLC Purchases 7,129,123 Shares of Capri Holdings Limited (NYSE:CPRI)

FMR LLC raised its stake in Capri Holdings Limited (NYSE:CPRI - Free Report) by 249.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,987,603 shares of the company's stock after buying an additional 7,129,123 shares during the quarter. FMR LLC owned 8.47% of Capri worth $210,339,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. bought a new position in Capri during the 3rd quarter worth approximately $42,000. Twin Tree Management LP bought a new position in shares of Capri during the fourth quarter worth $45,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Capri in the 4th quarter valued at $74,000. KBC Group NV increased its position in shares of Capri by 63.9% in the 4th quarter. KBC Group NV now owns 5,039 shares of the company's stock valued at $106,000 after buying an additional 1,965 shares in the last quarter. Finally, LexAurum Advisors LLC acquired a new stake in Capri during the 4th quarter worth $211,000. Institutional investors own 84.34% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Robert W. Baird lowered their price target on Capri from $26.00 to $18.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Bank of America began coverage on shares of Capri in a research note on Monday, February 10th. They issued a "neutral" rating and a $23.00 price target on the stock. Guggenheim reissued a "buy" rating and set a $30.00 price objective on shares of Capri in a research report on Wednesday, February 12th. Barclays reduced their target price on shares of Capri from $19.00 to $13.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. Finally, BMO Capital Markets raised Capri from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $25.00 to $31.00 in a research note on Monday, January 6th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Capri presently has an average rating of "Hold" and an average price target of $24.08.

Capri Stock Performance

CPRI stock traded up $0.47 during trading hours on Friday, reaching $13.74. The stock had a trading volume of 2,516,026 shares, compared to its average volume of 3,113,937. The stock has a 50-day simple moving average of $19.37 and a 200 day simple moving average of $23.64. Capri Holdings Limited has a fifty-two week low of $11.86 and a fifty-two week high of $43.34. The stock has a market capitalization of $1.62 billion, a PE ratio of -1.61, a price-to-earnings-growth ratio of 7.80 and a beta of 1.77. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.21 and a quick ratio of 0.59.

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

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.