889,964 Shares in Capri Holdings Limited (NYSE:CPRI) Purchased by Jennison Associates LLC

Jennison Associates LLC bought a new position in Capri Holdings Limited (NYSE:CPRI - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 889,964 shares of the company's stock, valued at approximately $17,559,000. Jennison Associates LLC owned approximately 0.75% of Capri as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CPRI. Farther Finance Advisors LLC grew its stake in shares of Capri by 758.1% in the 1st quarter. Farther Finance Advisors LLC now owns 1,433 shares of the company's stock valued at $28,000 after buying an additional 1,266 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in Capri in the first quarter worth approximately $30,000. UMB Bank n.a. increased its stake in shares of Capri by 134.9% during the 1st quarter. UMB Bank n.a. now owns 1,776 shares of the company's stock worth $35,000 after purchasing an additional 1,020 shares during the last quarter. Fifth Third Bancorp increased its stake in shares of Capri by 139.6% during the 1st quarter. Fifth Third Bancorp now owns 2,343 shares of the company's stock worth $46,000 after purchasing an additional 1,365 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new position in shares of Capri during the 4th quarter valued at $74,000. Institutional investors and hedge funds own 84.34% of the company's stock.

Capri Stock Performance

NYSE:CPRI traded down $0.31 during mid-day trading on Thursday, hitting $19.58. 1,988,274 shares of the company's stock traded hands, compared to its average volume of 3,189,572. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of -1.97, a price-to-earnings-growth ratio of 0.42 and a beta of 1.67. The firm has a 50 day moving average of $18.00 and a two-hundred day moving average of $19.13. The company has a current ratio of 1.14, a quick ratio of 0.49 and a debt-to-equity ratio of 3.97. Capri Holdings Limited has a 12 month low of $11.86 and a 12 month high of $43.34.

Capri (NYSE:CPRI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The company reported ($4.90) earnings per share for the quarter, missing the consensus estimate of $0.22 by ($5.12). Capri had a negative net margin of 26.61% and a negative return on equity of 39.55%. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $989.05 million. During the same period in the prior year, the company posted $0.42 earnings per share. The firm's revenue was down 15.4% compared to the same quarter last year. On average, equities analysts forecast that Capri Holdings Limited will post 0.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. UBS Group upped their price objective on shares of Capri from $14.00 to $18.00 and gave the stock a "neutral" rating in a report on Thursday, May 29th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $20.00 price target (up previously from $17.00) on shares of Capri in a research report on Wednesday, May 28th. Wall Street Zen lowered Capri from a "hold" rating to a "sell" rating in a report on Sunday, July 13th. Robert W. Baird cut their price objective on Capri from $26.00 to $18.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Finally, Wells Fargo & Company reduced their target price on Capri from $30.00 to $25.00 and set an "overweight" rating for the company in a report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $22.50.

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.