Capri Holdings Limited (NYSE:CPRI) Shares Bought by Primecap Management Co. CA

Primecap Management Co. CA raised its position in Capri Holdings Limited (NYSE:CPRI) by 14.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,140,755 shares of the company’s stock after purchasing an additional 515,963 shares during the quarter. Primecap Management Co. CA owned about 3.52% of Capri worth $175,734,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Cedar Wealth Management LLC purchased a new stake in shares of Capri in the 3rd quarter valued at approximately $957,000. Anthracite Investment Company Inc. purchased a new stake in Capri during the 3rd quarter worth approximately $7,869,000. Avior Wealth Management LLC increased its stake in Capri by 15.2% during the 3rd quarter. Avior Wealth Management LLC now owns 4,033 shares of the company’s stock worth $171,000 after buying an additional 533 shares during the period. Empowered Funds LLC increased its position in shares of Capri by 63.2% in the 3rd quarter. Empowered Funds LLC now owns 23,941 shares of the company’s stock valued at $1,016,000 after purchasing an additional 9,275 shares during the last quarter. Finally, ING Groep NV increased its position in shares of Capri by 6.5% in the 3rd quarter. ING Groep NV now owns 473,400 shares of the company’s stock valued at $20,091,000 after purchasing an additional 29,000 shares during the last quarter. 84.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Citigroup downgraded shares of Capri from a “buy” rating to a “neutral” rating and set a $41.00 price objective on the stock. in a research report on Friday, September 13th. StockNews.com downgraded shares of Capri from a “hold” rating to a “sell” rating in a research report on Tuesday, August 27th. Barclays reissued an “equal weight” rating and issued a $21.00 price objective on shares of Capri in a research report on Wednesday. Wells Fargo & Company lowered their target price on shares of Capri from $42.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Capri from $57.00 to $22.00 and set a “neutral” rating for the company in a report on Friday, October 25th. One analyst has rated the stock with a sell rating and nine have given a hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $28.00.

Capri Stock Up 0.1 %

Shares of NYSE:CPRI opened at $20.07 on Thursday. The stock has a market cap of $2.37 billion, a P/E ratio of -6.56, a P/E/G ratio of 2.76 and a beta of 2.05. The firm has a fifty day moving average price of $33.62 and a 200 day moving average price of $33.85. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.93 and a quick ratio of 0.38. Capri Holdings Limited has a 1-year low of $18.70 and a 1-year high of $51.23.

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.