Charles Schwab Investment Management Inc. raised its stake in Capri Holdings Limited (NYSE:CPRI - Free Report) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,153,144 shares of the company's stock after acquiring an additional 25,105 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.99% of Capri worth $57,934,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. U S Global Investors Inc. bought a new position in Capri in the 4th quarter valued at approximately $75,000. Fifth Third Bancorp boosted its position in shares of Capri by 34.0% during the third quarter. Fifth Third Bancorp now owns 1,735 shares of the company's stock valued at $91,000 after buying an additional 440 shares during the last quarter. EMC Capital Management bought a new stake in Capri in the 3rd quarter worth about $96,000. Systematic Alpha Investments LLC purchased a new position in Capri in the 3rd quarter worth about $204,000. Finally, Coldstream Capital Management Inc. bought a new position in Capri during the 3rd quarter valued at about $205,000. 84.34% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several research analysts have recently weighed in on the stock. OTR Global reissued a "mixed" rating on shares of Capri in a report on Wednesday, April 17th. Telsey Advisory Group decreased their target price on shares of Capri from $57.00 to $42.00 and set a "market perform" rating for the company in a research note on Tuesday, April 23rd. Finally, StockNews.com started coverage on Capri in a research note on Saturday, April 13th. They issued a "hold" rating on the stock. Eleven research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $49.25.
Get Our Latest Stock Report on CPRI
Capri Stock Performance
Shares of NYSE CPRI traded down $0.20 during trading on Friday, hitting $35.95. The company had a trading volume of 597,543 shares, compared to its average volume of 1,341,212. The stock has a 50 day simple moving average of $40.91 and a 200 day simple moving average of $46.00. The firm has a market capitalization of $4.19 billion, a P/E ratio of 20.31, a price-to-earnings-growth ratio of 7.34 and a beta of 2.08. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.49 and a current ratio of 1.06. Capri Holdings Limited has a 12 month low of $34.17 and a 12 month high of $54.52.
About Capri
(
Free Report)
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.
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