Capri Holdings Limited (NYSE:CPRI) Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Capri Holdings Limited (NYSE:CPRI - Free Report) by 6.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 341,633 shares of the company's stock after purchasing an additional 19,799 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.29% of Capri worth $7,195,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of Capri by 1.4% during the fourth 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 period. Norges Bank acquired a new position in shares of Capri during the fourth quarter worth $58,070,000. Primecap Management Co. CA lifted its holdings in Capri by 13.2% in the fourth quarter. Primecap Management Co. CA now owns 4,688,333 shares of the company's stock valued at $98,736,000 after buying an additional 547,578 shares during the period. Raymond James Financial Inc. acquired a new position in Capri in the fourth quarter valued at $2,167,000. Finally, SWS Partners acquired a new position in Capri in the fourth quarter valued at $1,468,000. 84.34% of the stock is owned by institutional investors.

Capri Stock Down 0.7%

NYSE:CPRI traded down $0.12 during trading hours on Thursday, reaching $16.96. The company's stock had a trading volume of 2,639,252 shares, compared to its average volume of 3,322,624. The stock has a 50 day moving average price of $16.09 and a two-hundred day moving average price of $19.97. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.59 and a current ratio of 1.21. Capri Holdings Limited has a 12 month low of $11.86 and a 12 month high of $43.34. The company has a market capitalization of $2.00 billion, a P/E 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 earnings results on Wednesday, May 28th. The company reported ($4.90) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($5.12). The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $989.05 million. Capri had a negative net margin of 21.79% and a positive return on equity of 12.89%. The company's revenue for the quarter was down 15.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.42 earnings per share. Equities analysts predict that Capri Holdings Limited will post 0.98 EPS for the current fiscal year.

Analyst Ratings Changes

CPRI has been the subject of several research analyst reports. Guggenheim reaffirmed a "buy" rating and issued a $30.00 price target on shares of Capri in a research note on Wednesday, February 12th. Bank of America began coverage on shares of Capri in a research report on Monday, February 10th. They issued a "neutral" rating and a $23.00 price objective for the company. Wall Street Zen downgraded shares of Capri from a "hold" rating to a "sell" rating in a research report on Saturday, May 31st. Wells Fargo & Company cut their price objective on shares of Capri from $30.00 to $25.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Finally, UBS Group boosted their price objective on Capri from $14.00 to $18.00 and gave the stock a "neutral" rating in a report on Thursday, May 29th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target 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.