Capri Holdings Limited (NYSE:CPRI) Shares Sold by Hsbc Holdings PLC

Hsbc Holdings PLC reduced its stake in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) by 93.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 17,452 shares of the company's stock after selling 248,043 shares during the period. Hsbc Holdings PLC's holdings in Capri were worth $365,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position 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 buying an additional 151,866 shares during the period. FMR LLC raised its stake in Capri by 249.4% during the 4th quarter. FMR LLC now owns 9,987,603 shares of the company's stock worth $210,339,000 after buying an additional 7,129,123 shares during the period. Primecap Management Co. CA raised its holdings in Capri by 13.2% during the fourth quarter. Primecap Management Co. CA now owns 4,688,333 shares of the company's stock worth $98,736,000 after buying an additional 547,578 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of 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 acquiring an additional 3,885,732 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Capri in the fourth quarter worth approximately $58,070,000. Institutional investors and hedge funds own 84.34% of the company's stock.

Capri Trading Up 9.0%

Shares of NYSE CPRI traded up $1.52 during trading on Monday, hitting $18.40. 4,823,939 shares of the company were exchanged, compared to its average volume of 3,186,480. The firm has a market capitalization of $2.17 billion, a PE ratio of -2.15, a P/E/G ratio of 7.80 and a beta of 1.64. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.59 and a current ratio of 1.21. The company has a fifty day moving average price of $17.17 and a 200-day moving average price of $20.32. Capri Holdings Limited has a 12-month low of $11.86 and a 12-month high of $43.34.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Bank of America assumed coverage on Capri in a research report on Monday, February 10th. They issued a "neutral" rating and a $23.00 target price for the company. Wells Fargo & Company dropped 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. StockNews.com raised Capri from a "sell" rating to a "hold" rating in a research note on Friday, February 7th. Robert W. Baird lowered their price objective on Capri from $26.00 to $18.00 and set a "neutral" rating for the company in a research report on Friday, April 11th. Finally, Barclays decreased their target price on shares of Capri from $19.00 to $13.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $24.08.

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.