Franklin Resources Inc. Boosts Stock Position in Capri Holdings Limited (NYSE:CPRI)

Franklin Resources Inc. boosted its holdings in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) by 82.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,669,441 shares of the company's stock after purchasing an additional 756,425 shares during the period. Franklin Resources Inc. owned approximately 1.44% of Capri worth $83,873,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in CPRI. Norges Bank acquired a new stake in shares of Capri during the 4th quarter valued at $166,766,000. Alpine Associates Management Inc. increased its stake in Capri by 0.3% in the 4th quarter. Alpine Associates Management Inc. now owns 2,447,800 shares of the company's stock worth $122,977,000 after purchasing an additional 8,200 shares in the last quarter. Westchester Capital Management LLC acquired a new stake in Capri during the 3rd quarter worth about $87,352,000. PSquared Asset Management AG purchased a new stake in Capri during the third quarter valued at about $61,090,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Capri by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,153,144 shares of the company's stock worth $57,934,000 after acquiring an additional 25,105 shares in the last quarter. 84.34% of the stock is currently owned by institutional investors.

Capri Price Performance

Shares of CPRI stock traded down $0.16 during mid-day trading on Friday, reaching $34.64. The company's stock had a trading volume of 999,259 shares, compared to its average volume of 1,318,945. The firm's 50-day moving average is $39.76 and its two-hundred day moving average is $45.46. The company has a market cap of $4.04 billion, a P/E ratio of 19.58, a PEG ratio of 7.09 and a beta of 2.08. Capri Holdings Limited has a 1-year low of $34.17 and a 1-year high of $54.52. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.49 and a current ratio of 1.06.

Analysts Set New Price Targets

A number of equities analysts recently commented on CPRI shares. Telsey Advisory Group reaffirmed a "market perform" rating and issued a $42.00 price objective on shares of Capri in a research note on Thursday. OTR Global reissued a "mixed" rating on shares of Capri in a report on Wednesday, April 17th. Finally, StockNews.com initiated coverage on shares of Capri in a report on Saturday, April 13th. They set a "hold" rating for the company. Eleven equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $49.25.

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.