Legal & General Group Plc Has $5.08 Million Stake in Capri Holdings Limited (NYSE:CPRI)

Legal & General Group Plc cut its stake in Capri Holdings Limited (NYSE:CPRI - Free Report) by 46.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 241,400 shares of the company's stock after selling 210,343 shares during the period. Legal & General Group Plc owned 0.20% of Capri worth $5,084,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in CPRI. Rule One Partners LLC bought a new position in Capri in the 3rd quarter worth approximately $2,483,000. Oddo BHF Asset Management Sas acquired a new position in Capri during the 3rd quarter worth $25,888,000. Moody National Bank Trust Division bought a new position in shares of Capri in the fourth quarter worth $841,000. Accurate Wealth Management LLC grew its stake in shares of Capri by 114.5% in the fourth quarter. Accurate Wealth Management LLC now owns 52,431 shares of the company's stock worth $1,104,000 after purchasing an additional 27,992 shares in the last quarter. Finally, Lind Value II ApS acquired a new position in shares of Capri during the fourth quarter valued at $9,087,000. 84.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CPRI. Jefferies Financial Group increased their target price on shares of Capri from $20.00 to $23.00 and gave the company a "hold" rating in a research report on Tuesday, January 28th. Bank of America began coverage on Capri in a report on Monday, February 10th. They set a "neutral" rating and a $23.00 target price on the stock. Telsey Advisory Group cut their target price on Capri from $23.00 to $17.00 and set a "market perform" rating for the company in a research report on Friday, April 11th. Citigroup upgraded Capri from a "neutral" rating to a "buy" rating and lifted their price target for the company from $21.00 to $29.00 in a research report on Friday, January 10th. Finally, BMO Capital Markets upgraded Capri from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $25.00 to $31.00 in a report on Monday, January 6th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $24.08.

Capri Trading Up 0.3 %

Shares of Capri stock traded up $0.05 during trading on Friday, hitting $14.75. The stock had a trading volume of 1,254,672 shares, compared to its average volume of 3,107,543. The company has a quick ratio of 0.59, a current ratio of 1.21 and a debt-to-equity ratio of 1.36. The company has a market capitalization of $1.74 billion, a PE ratio of -1.72, a P/E/G ratio of 7.80 and a beta of 1.77. Capri Holdings Limited has a 1 year low of $11.86 and a 1 year high of $43.34. The stock has a 50 day simple moving average of $18.53 and a 200 day simple moving average of $22.67.

Capri (NYSE:CPRI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate 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 quarter in the previous year, the firm earned $1.20 EPS. On average, research analysts expect 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.