Fairfax Financial Holdings Ltd. Can Sells 124,000 Shares of Capri Holdings Limited (NYSE:CPRI)

Fairfax Financial Holdings Ltd. Can trimmed its stake in Capri Holdings Limited (NYSE:CPRI - Free Report) by 61.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 78,100 shares of the company's stock after selling 124,000 shares during the quarter. Capri makes up about 0.1% of Fairfax Financial Holdings Ltd. Can's portfolio, making the stock its 25th biggest holding. Fairfax Financial Holdings Ltd. Can owned 0.07% of Capri worth $1,644,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of CPRI. Vanguard Group Inc. lifted its holdings in 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 purchasing an additional 151,866 shares during the last quarter. FMR LLC raised its holdings in Capri by 249.4% in the 4th quarter. FMR LLC now owns 9,987,603 shares of the company's stock valued at $210,339,000 after acquiring an additional 7,129,123 shares in the last quarter. Primecap Management Co. CA raised its holdings in Capri by 13.2% in the 4th quarter. Primecap Management Co. CA now owns 4,688,333 shares of the company's stock valued at $98,736,000 after acquiring an additional 547,578 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Capri by 22,554.7% in the 4th quarter. Pacer Advisors Inc. now owns 3,902,960 shares of the company's stock valued at $82,196,000 after acquiring an additional 3,885,732 shares in the last quarter. Finally, Norges Bank acquired a new position in Capri in the 4th quarter valued at $58,070,000. 84.34% of the stock is currently owned by institutional investors.

Capri Stock Performance

Shares of Capri stock traded up $0.04 during trading hours on Friday, reaching $16.89. The company had a trading volume of 2,189,998 shares, compared to its average volume of 3,179,902. Capri Holdings Limited has a one year low of $11.86 and a one year high of $43.34. The business has a fifty day simple moving average of $17.17 and a 200 day simple moving average of $20.32. 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 cap of $1.99 billion, a PE ratio of -1.98, a price-to-earnings-growth ratio of 7.80 and a beta of 1.64.

Capri (NYSE:CPRI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.45 earnings per share (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 period in the prior year, the business posted $1.20 EPS. On average, analysts anticipate that Capri Holdings Limited will post 0.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CPRI. Bank of America assumed coverage on Capri in a report on Monday, February 10th. They issued a "neutral" rating and a $23.00 price objective for the company. Jefferies Financial Group boosted their price target on Capri from $20.00 to $23.00 and gave the stock a "hold" rating in a report on Tuesday, January 28th. Wells Fargo & Company lowered their price target on Capri from $30.00 to $25.00 and set an "overweight" rating for the company in a report on Friday, April 11th. StockNews.com raised Capri from a "sell" rating to a "hold" rating in a report on Friday, February 7th. Finally, Barclays lowered their price target on Capri from $19.00 to $13.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average 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.