Hotchkis & Wiley Capital Management LLC Buys 36,400 Shares of Capri Holdings Limited (NYSE:CPRI)

Hotchkis & Wiley Capital Management LLC grew its holdings in Capri Holdings Limited (NYSE:CPRI - Free Report) by 53.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 104,000 shares of the company's stock after purchasing an additional 36,400 shares during the quarter. Hotchkis & Wiley Capital Management LLC owned about 0.09% of Capri worth $4,414,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the business. Cinctive Capital Management LP acquired a new position in shares of Capri during the third quarter valued at about $12,689,000. ARGA Investment Management LP raised its stake in shares of Capri by 613.2% in the third quarter. ARGA Investment Management LP now owns 91,401 shares of the company's stock valued at $3,879,000 after purchasing an additional 78,585 shares in the last quarter. Maverick Capital Ltd. acquired a new stake in Capri during the third quarter worth $2,931,000. Southpoint Capital Advisors LP bought a new stake in Capri in the 3rd quarter valued at $7,435,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Capri by 76.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 321,834 shares of the company's stock valued at $13,659,000 after buying an additional 139,063 shares in the last quarter. Institutional investors and hedge funds own 84.34% of the company's stock.

Capri Trading Up 1.4 %

Shares of CPRI traded up $0.31 during trading hours on Friday, reaching $22.29. The stock had a trading volume of 3,650,766 shares, compared to its average volume of 2,177,693. The firm has a 50-day moving average of $29.62 and a 200 day moving average of $32.72. The company has a quick ratio of 0.38, a current ratio of 0.93 and a debt-to-equity ratio of 0.83. The company has a market cap of $2.63 billion, a P/E ratio of -7.18, a P/E/G ratio of 4.87 and a beta of 2.05. Capri Holdings Limited has a 52 week low of $18.70 and a 52 week high of $51.23.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Citigroup downgraded shares of Capri from a "buy" rating to a "neutral" rating and set a $41.00 target price on the stock. in a research note on Friday, September 13th. UBS Group decreased their price target on Capri from $42.00 to $39.00 and set a "neutral" rating on the stock in a research report on Wednesday, September 11th. Guggenheim upgraded Capri from a "neutral" rating to a "buy" rating and set a $30.00 target price on the stock in a report on Tuesday, November 26th. Barclays reiterated an "equal weight" rating and set a $21.00 price target on shares of Capri in a research report on Wednesday, November 20th. Finally, StockNews.com lowered shares of Capri from a "hold" rating to a "sell" rating in a research report on Tuesday, August 27th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, Capri currently has an average rating of "Hold" and a consensus price target of $28.20.

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.