Dimensional Fund Advisors LP Boosts Stock Holdings in Capri Holdings Limited (NYSE:CPRI)

Dimensional Fund Advisors LP raised its position in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) by 72.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,595,029 shares of the company's stock after purchasing an additional 1,088,051 shares during the period. Dimensional Fund Advisors LP owned approximately 2.20% of Capri worth $54,647,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Capri by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 11,377,630 shares of the company's stock worth $239,613,000 after buying an additional 151,866 shares in the last quarter. Norges Bank acquired a new position in Capri during the fourth quarter worth about $58,070,000. Primecap Management Co. CA lifted its holdings in shares of Capri by 13.2% in the fourth quarter. Primecap Management Co. CA now owns 4,688,333 shares of the company's stock worth $98,736,000 after acquiring an additional 547,578 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Capri in the 4th quarter valued at approximately $2,167,000. Finally, Lind Value II ApS bought a new stake in shares of Capri during the 4th quarter valued at approximately $9,087,000. 84.34% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

CPRI has been the topic of a number of research analyst reports. BMO Capital Markets upgraded shares of Capri from a "market perform" rating to an "outperform" rating and raised their target price for the company from $25.00 to $31.00 in a research report on Monday, January 6th. Guggenheim restated a "buy" rating and set a $30.00 price objective on shares of Capri in a research report on Wednesday, February 12th. 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. Telsey Advisory Group reduced their price target on Capri from $23.00 to $17.00 and set a "market perform" rating on the stock in a report on Friday, April 11th. Finally, Barclays dropped their price objective on shares of Capri from $19.00 to $13.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Capri currently has an average rating of "Hold" and a consensus target price of $24.08.

Capri Stock Down 1.0 %

NYSE:CPRI traded down $0.15 during trading hours on Monday, hitting $15.40. 3,729,170 shares of the company traded hands, compared to its average volume of 3,148,461. Capri Holdings Limited has a one year low of $11.86 and a one year high of $43.34. 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 cap of $1.82 billion, a PE ratio of -1.80, a PEG ratio of 7.80 and a beta of 1.64. The firm's 50-day simple moving average is $17.76 and its 200-day simple moving average is $21.22.

Capri (NYSE:CPRI - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates 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 period in the previous year, the company posted $1.20 earnings per share. Equities analysts predict that Capri Holdings Limited will post 0.98 earnings per share for the current year.

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.