Capri Holdings Limited (NYSE:CPRI) Shares Sold by Fairfax Financial Holdings Ltd. Can

Fairfax Financial Holdings Ltd. Can trimmed its position in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) by 61.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 78,100 shares of the company's stock after selling 124,000 shares during the quarter. Capri accounts for approximately 0.1% of Fairfax Financial Holdings Ltd. Can's investment portfolio, making the stock its 25th biggest position. Fairfax Financial Holdings Ltd. Can owned 0.07% of Capri worth $1,644,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Twin Tree Management LP purchased a new position in shares of Capri in the 4th quarter valued at about $45,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Capri in the fourth quarter valued at approximately $74,000. KBC Group NV increased its holdings in shares of Capri by 63.9% in the fourth quarter. KBC Group NV now owns 5,039 shares of the company's stock valued at $106,000 after purchasing an additional 1,965 shares during the period. Sterling Capital Management LLC raised its position in Capri by 58.9% in the fourth quarter. Sterling Capital Management LLC now owns 6,872 shares of the company's stock worth $145,000 after acquiring an additional 2,546 shares in the last quarter. Finally, Triumph Capital Management purchased a new position in Capri in the fourth quarter worth $209,000. 84.34% of the stock is currently owned by hedge funds and other institutional investors.

Capri Trading Down 0.5%

NYSE CPRI traded down $0.10 during mid-day trading on Wednesday, hitting $18.61. The company's stock had a trading volume of 1,052,250 shares, compared to its average volume of 3,942,351. Capri Holdings Limited has a 52-week low of $11.86 and a 52-week high of $43.34. The stock's fifty day simple moving average is $17.10 and its two-hundred day simple moving average is $20.30. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.21 and a quick ratio of 0.59. The firm has a market capitalization of $2.19 billion, a P/E ratio of -2.18, a price-to-earnings-growth ratio of 7.80 and a beta of 1.64.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CPRI. Barclays reduced their price objective on Capri from $19.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. Guggenheim restated a "buy" rating and issued a $30.00 target price on shares of Capri in a report on Wednesday, February 12th. Bank of America began coverage on shares of Capri in a report on Monday, February 10th. They issued a "neutral" rating and a $23.00 target price on the stock. Jefferies Financial Group upped their target price on shares of Capri from $20.00 to $23.00 and gave the company a "hold" rating in a report on Tuesday, January 28th. Finally, Robert W. Baird cut their price objective on shares of Capri from $26.00 to $18.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Nine investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Capri has a consensus rating of "Hold" and an average target price of $24.08.

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.