Capri Holdings Limited (NYSE:CPRI) Shares Sold by Man Group plc

Man Group plc reduced its stake in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) by 96.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CPRI. FMR LLC lifted its position in shares of Capri by 249.4% during the 4th quarter. FMR LLC now owns 9,987,603 shares of the company's stock valued at $210,339,000 after buying an additional 7,129,123 shares in the last quarter. Pacer Advisors Inc. lifted 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 worth $82,196,000 after purchasing an additional 3,885,732 shares in the last quarter. Norges Bank purchased a new position in Capri in the 4th quarter worth approximately $58,070,000. Vaughan Nelson Investment Management L.P. purchased a new position in Capri in the 4th quarter worth approximately $48,953,000. Finally, Junto Capital Management LP purchased a new position in Capri in the 4th quarter worth approximately $26,112,000. 84.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently commented on CPRI shares. Barclays lowered their price target on Capri from $19.00 to $13.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $20.00 price objective (up previously from $17.00) on shares of Capri in a research note on Wednesday. Wells Fargo & Company reduced their price objective on Capri from $30.00 to $25.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Guggenheim reaffirmed a "buy" rating and issued a $30.00 price objective on shares of Capri in a research note on Wednesday, February 12th. Finally, Wall Street Zen raised Capri from a "sell" rating to a "hold" rating in a research note on Friday, February 7th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Capri currently has an average rating of "Hold" and an average price target of $22.50.

Capri Trading Down 1.9%

NYSE CPRI traded down $0.36 on Friday, reaching $18.15. 1,336,246 shares of the company were exchanged, compared to its average volume of 3,877,721. The business's fifty day moving average price is $16.39 and its 200 day moving average price is $20.06. The stock has a market capitalization of $2.14 billion, a P/E ratio of -2.12, a price-to-earnings-growth ratio of 7.80 and a beta of 1.64. The company has a current ratio of 1.21, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36. Capri Holdings Limited has a fifty-two week low of $11.86 and a fifty-two week high of $43.34.

Capri (NYSE:CPRI - Get Free Report) last posted its earnings results on Wednesday, May 28th. The company reported ($4.90) EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($5.12). Capri had a negative net margin of 21.79% and a positive return on equity of 12.89%. The business had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $989.05 million. During the same quarter in the prior year, the firm earned $0.42 EPS. Capri's revenue for the quarter was down 15.4% compared to the same quarter last year. Analysts forecast 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.