Fmr LLC Has $121.31 Million Holdings in Capri Holdings Limited (NYSE:CPRI)

FMR LLC raised its stake in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) by 389.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,858,480 shares of the company's stock after purchasing an additional 2,274,149 shares during the period. FMR LLC owned 2.42% of Capri worth $121,314,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CPRI. Baupost Group LLC MA acquired a new stake in Capri in the 2nd quarter valued at approximately $33,080,000. DME Capital Management LP acquired a new stake in shares of Capri in the second quarter worth $22,652,000. Primecap Management Co. CA increased its position 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 acquiring an additional 515,963 shares during the period. Clearline Capital LP acquired a new position in Capri during the 2nd quarter valued at $9,362,000. Finally, Anthracite Investment Company Inc. bought a new stake in Capri in the 3rd quarter valued at $7,869,000. 84.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on CPRI. Robert W. Baird decreased their price target on shares of Capri from $24.00 to $23.00 and set a "neutral" rating on the stock in a research note on Friday, November 8th. Citigroup lowered shares of Capri from a "buy" rating to a "neutral" rating and set a $41.00 price target for the company. in a research report on Friday, September 13th. StockNews.com downgraded Capri from a "hold" rating to a "sell" rating in a report on Tuesday, August 27th. JPMorgan Chase & Co. decreased their price target on Capri from $57.00 to $22.00 and set a "neutral" rating on the stock in a research note on Friday, October 25th. Finally, Wells Fargo & Company cut their price objective on Capri from $42.00 to $23.00 and set an "equal weight" rating for the company in a report on Friday, October 25th. One investment 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. According to MarketBeat.com, Capri has a consensus rating of "Hold" and an average price target of $28.20.

Capri Stock Performance

Shares of Capri stock traded down $1.03 on Thursday, reaching $21.98. 3,368,171 shares of the company were exchanged, compared to its average volume of 2,171,410. Capri Holdings Limited has a one year low of $18.70 and a one year high of $51.23. The company has a current ratio of 0.93, a quick ratio of 0.38 and a debt-to-equity ratio of 0.83. The company has a 50-day moving average of $29.96 and a 200 day moving average of $32.79.

Capri 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.