Marshall Wace LLP Sells 365,575 Shares of Capri Holdings Limited (NYSE:CPRI)

Marshall Wace LLP lowered its holdings in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) by 71.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 145,189 shares of the company's stock after selling 365,575 shares during the quarter. Marshall Wace LLP owned approximately 0.12% of Capri worth $3,058,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Twin Tree Management LP purchased a new stake in Capri in the 4th quarter worth approximately $45,000. Aster Capital Management DIFC Ltd purchased a new stake in Capri in the 4th quarter worth approximately $74,000. KBC Group NV boosted its stake in Capri by 63.9% in the 4th quarter. KBC Group NV now owns 5,039 shares of the company's stock worth $106,000 after purchasing an additional 1,965 shares during the period. Sterling Capital Management LLC boosted its stake in Capri by 58.9% in the 4th quarter. Sterling Capital Management LLC now owns 6,872 shares of the company's stock worth $145,000 after purchasing an additional 2,546 shares during the period. Finally, LexAurum Advisors LLC bought a new position in Capri in the 4th quarter worth approximately $211,000. Hedge funds and other institutional investors own 84.34% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on CPRI shares. Bank of America started coverage on Capri in a research note on Monday, February 10th. They issued a "neutral" rating and a $23.00 price target for the company. Guggenheim restated a "buy" rating and issued a $30.00 price target on shares of Capri in a research note on Wednesday, February 12th. BMO Capital Markets upgraded Capri from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $25.00 to $31.00 in a research note on Monday, January 6th. Barclays dropped their price target on 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, Citigroup upgraded Capri from a "neutral" rating to a "buy" rating and increased their target price for the company from $21.00 to $29.00 in a research report on Friday, January 10th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Capri currently has an average rating of "Hold" and an average target price of $24.08.

Capri Trading Down 1.1 %

NYSE:CPRI traded down $0.16 during mid-day trading on Tuesday, hitting $15.02. 2,844,597 shares of the stock traded hands, compared to its average volume of 3,121,453. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of -1.76, a PEG ratio of 7.80 and a beta of 1.77. Capri Holdings Limited has a 52 week low of $11.86 and a 52 week high of $43.34. The firm's 50 day moving average is $18.25 and its two-hundred day moving average is $22.00. The company has a quick ratio of 0.59, a current ratio of 1.21 and a debt-to-equity ratio of 1.36.

Capri (NYSE:CPRI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.45 EPS for the quarter, missing the consensus estimate 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 quarter in the prior year, the company earned $1.20 EPS. On average, equities research analysts predict that Capri Holdings Limited will post 0.98 earnings per share for the current 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.