Marshall Wace LLP Sells 365,575 Shares of Capri Holdings Limited (NYSE:CPRI)

Marshall Wace LLP lowered its stake in Capri Holdings Limited (NYSE:CPRI - Free Report) by 71.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 145,189 shares of the company's stock after selling 365,575 shares during the period. Marshall Wace LLP owned 0.12% of Capri worth $3,058,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position 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 acquiring an additional 151,866 shares during the last quarter. Norges Bank bought a new stake in Capri during the 4th quarter worth about $58,070,000. Primecap Management Co. CA lifted its position in Capri by 13.2% during the 4th quarter. Primecap Management Co. CA now owns 4,688,333 shares of the company's stock valued at $98,736,000 after purchasing an additional 547,578 shares during the period. Rule One Partners LLC bought a new position in shares of Capri in the 3rd quarter valued at about $2,483,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Capri during the 4th quarter worth approximately $2,167,000. Institutional investors own 84.34% of the company's stock.

Capri Stock Up 0.3 %

Capri stock traded up $0.05 during midday trading on Thursday, reaching $15.09. The stock had a trading volume of 1,192,299 shares, compared to its average volume of 3,118,208. The stock has a market capitalization of $1.78 billion, a P/E ratio of -1.77, a price-to-earnings-growth ratio of 7.80 and a beta of 1.77. The firm's fifty day simple moving average is $18.11 and its 200-day simple moving average is $21.95. 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 1-year low of $11.86 and a 1-year high of $43.34.

Capri (NYSE:CPRI - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.27). Capri had a positive return on equity of 12.89% and a negative net margin of 21.79%. During the same quarter last year, the firm posted $1.20 EPS. As a group, analysts expect that Capri Holdings Limited will post 0.98 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CPRI shares. StockNews.com raised shares of Capri from a "sell" rating to a "hold" rating in a research note on Friday, February 7th. BMO Capital Markets raised Capri from a "market perform" rating to an "outperform" rating and lifted their price objective for the stock from $25.00 to $31.00 in a research note on Monday, January 6th. Telsey Advisory Group cut their target price on Capri from $23.00 to $17.00 and set a "market perform" rating on the stock in a research note on Friday, April 11th. Guggenheim restated a "buy" rating and set a $30.00 target price on shares of Capri in a report on Wednesday, February 12th. Finally, Citigroup raised Capri from a "neutral" rating to a "buy" rating and upped their price target for the company from $21.00 to $29.00 in a research note on Friday, January 10th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Capri presently 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.