Capri Holdings Limited (NYSE:CPRI) Shares Sold by Legal & General Group Plc

Legal & General Group Plc cut its holdings in Capri Holdings Limited (NYSE:CPRI - Free Report) by 46.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 241,400 shares of the company's stock after selling 210,343 shares during the quarter. Legal & General Group Plc owned approximately 0.20% of Capri worth $5,084,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of CPRI. FMR LLC lifted its position in Capri by 249.4% in the 4th quarter. FMR LLC now owns 9,987,603 shares of the company's stock valued at $210,339,000 after acquiring an additional 7,129,123 shares in the last quarter. Pacer Advisors Inc. lifted its position in 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 purchasing an additional 3,885,732 shares in the last quarter. Norges Bank bought a new stake in Capri during the fourth quarter valued at about $58,070,000. Vaughan Nelson Investment Management L.P. purchased a new stake in Capri in the fourth quarter worth about $48,953,000. Finally, Segall Bryant & Hamill LLC bought a new position in shares of Capri in the fourth quarter worth about $24,617,000. Institutional investors own 84.34% of the company's stock.

Capri Stock Performance

Shares of NYSE:CPRI traded up $0.18 on Friday, hitting $14.88. 2,039,551 shares of the company were exchanged, compared to its average volume of 3,112,790. The company has a current ratio of 1.21, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36. The stock's 50 day moving average price is $18.39 and its 200 day moving average price is $22.48. Capri Holdings Limited has a 1-year low of $11.86 and a 1-year high of $43.34. The firm has a market capitalization of $1.75 billion, a P/E ratio of -1.74, a price-to-earnings-growth ratio of 7.80 and a beta of 1.77.

Capri (NYSE:CPRI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates of $0.72 by ($0.27). Capri had a negative net margin of 21.79% and a positive return on equity of 12.89%. During the same period last year, the business earned $1.20 earnings per share. Sell-side analysts predict that Capri Holdings Limited will post 0.98 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CPRI shares. Jefferies Financial Group increased their target price on shares of Capri from $20.00 to $23.00 and gave the stock a "hold" rating in a report on Tuesday, January 28th. Citigroup upgraded Capri from a "neutral" rating to a "buy" rating and raised their price objective for the company from $21.00 to $29.00 in a research report on Friday, January 10th. Wells Fargo & Company reduced their price target on shares of Capri from $30.00 to $25.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. StockNews.com upgraded Capri from a "sell" rating to a "hold" rating in a research report on Friday, February 7th. Finally, Guggenheim restated a "buy" rating and issued a $30.00 target price on shares of Capri in a report on Wednesday, February 12th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $24.08.

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.