Highbridge Capital Management LLC Sells 100,000 Shares of Capri Holdings Limited (NYSE:CPRI)

Highbridge Capital Management LLC trimmed its holdings in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) by 28.6% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 250,000 shares of the company's stock after selling 100,000 shares during the period. Highbridge Capital Management LLC owned approximately 0.21% of Capri worth $5,265,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in CPRI. Vanguard Group Inc. increased its stake in Capri by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 11,377,630 shares of the company's stock valued at $239,613,000 after purchasing an additional 151,866 shares in the last quarter. Primecap Management Co. CA increased its holdings in Capri by 13.2% in the 4th quarter. Primecap Management Co. CA now owns 4,688,333 shares of the company's stock worth $98,736,000 after buying an additional 547,578 shares in the last quarter. Pacer Advisors Inc. raised its holdings in shares of Capri by 22,554.7% during the fourth quarter. Pacer Advisors Inc. now owns 3,902,960 shares of the company's stock valued at $82,196,000 after purchasing an additional 3,885,732 shares during the last quarter. FMR LLC lifted its position in Capri by 389.2% during the third quarter. FMR LLC now owns 2,858,480 shares of the company's stock valued at $121,314,000 after purchasing an additional 2,274,149 shares during the period. Finally, Norges Bank purchased a new stake in Capri in the fourth quarter worth approximately $58,070,000. 84.34% of the stock is owned by institutional investors.

Capri Price Performance

CPRI stock traded up $0.14 during trading on Tuesday, hitting $19.87. 1,254,744 shares of the company's stock traded hands, compared to its average volume of 2,829,115. 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 52 week low of $18.53 and a 52 week high of $45.77. The business has a fifty day simple moving average of $22.09 and a 200 day simple moving average of $25.86. The stock has a market capitalization of $2.34 billion, a price-to-earnings ratio of -2.32, a P/E/G 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 (EPS) 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 company earned $1.20 EPS. As a group, research analysts expect that Capri Holdings Limited will post 0.98 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CPRI has been the topic of several research analyst reports. Guggenheim reissued a "buy" rating and set a $30.00 price target on shares of Capri in a report on Wednesday, February 12th. JPMorgan Chase & Co. raised their price objective on shares of Capri from $15.00 to $19.00 and gave the stock a "neutral" rating in a report on Monday, December 16th. BMO Capital Markets upgraded shares of Capri from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $25.00 to $31.00 in a research report on Monday, January 6th. StockNews.com raised shares of Capri from a "sell" rating to a "hold" rating in a research report on Friday, February 7th. Finally, Citigroup raised Capri from a "neutral" rating to a "buy" rating and raised their target price for the stock from $21.00 to $29.00 in a report on Friday, January 10th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $25.92.

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.