Man Group plc Has $470,000 Stock Position in Capri Holdings Limited (NYSE:CPRI)

Man Group plc trimmed its stake in Capri Holdings Limited (NYSE:CPRI - Free Report) by 96.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,339 shares of the company's stock after selling 580,558 shares during the period. Man Group plc's holdings in Capri were worth $470,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. FMR LLC raised its position in Capri by 249.4% in the fourth quarter. FMR LLC now owns 9,987,603 shares of the company's stock worth $210,339,000 after purchasing an additional 7,129,123 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Capri by 22,554.7% during the fourth 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 during the period. Norges Bank bought a new stake in shares of Capri in the 4th quarter worth about $58,070,000. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Capri during the 4th quarter worth about $48,953,000. Finally, Junto Capital Management LP acquired a new stake in shares of Capri during the 4th quarter worth about $26,112,000. Institutional investors own 84.34% of the company's stock.

Capri Trading Down 2.0%

NYSE CPRI traded down $0.37 on Friday, reaching $18.14. The company had a trading volume of 3,286,106 shares, compared to its average volume of 3,306,285. Capri Holdings Limited has a 52 week low of $11.86 and a 52 week high of $43.34. The stock's 50 day moving average is $16.33 and its 200-day moving average is $20.06. 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 stock has a market cap of $2.14 billion, a price-to-earnings ratio of -2.12, a PEG ratio of 7.80 and a beta of 1.64.

Capri (NYSE:CPRI - Get Free Report) last released 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). The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $989.05 million. Capri had a positive return on equity of 12.89% and a negative net margin of 21.79%. The firm's revenue was down 15.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.42 EPS. Equities analysts predict that Capri Holdings Limited will post 0.98 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have weighed in on CPRI shares. Robert W. Baird decreased their price objective on shares of Capri from $26.00 to $18.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Barclays lowered their target price on Capri from $19.00 to $13.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. Wall Street Zen lowered shares of Capri from a "hold" rating to a "sell" rating in a report on Saturday. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $20.00 target price (up from $17.00) on shares of Capri in a research note on Wednesday. Finally, JPMorgan Chase & Co. lowered their price target on shares of Capri from $19.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $22.50.

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.