Geode Capital Management LLC grew its position in Capri Holdings Limited (NYSE:CPRI - Free Report) by 2.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,942,145 shares of the company's stock after buying an additional 41,009 shares during the period. Geode Capital Management LLC owned 1.65% of Capri worth $82,446,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Quarry LP acquired a new stake in Capri in the third quarter valued at approximately $53,000. Signaturefd LLC lifted its holdings in shares of Capri by 14.7% during the 2nd quarter. Signaturefd LLC now owns 2,734 shares of the company's stock valued at $90,000 after purchasing an additional 351 shares during the last quarter. KBC Group NV boosted its position in shares of Capri by 26.9% in the 3rd quarter. KBC Group NV now owns 3,074 shares of the company's stock worth $130,000 after purchasing an additional 652 shares in the last quarter. CWM LLC grew its stake in Capri by 26.9% during the 3rd quarter. CWM LLC now owns 3,112 shares of the company's stock worth $132,000 after buying an additional 660 shares during the last quarter. Finally, Avior Wealth Management LLC increased its position in Capri by 15.2% during the 3rd quarter. Avior Wealth Management LLC now owns 4,033 shares of the company's stock valued at $171,000 after buying an additional 533 shares in the last quarter. Hedge funds and other institutional investors own 84.34% of the company's stock.
Shares of CPRI opened at $20.98 on Friday. The company has a market capitalization of $2.47 billion, a P/E ratio of -6.86, a P/E/G ratio of 4.63 and a beta of 2.05. The business's 50-day moving average is $25.55 and its two-hundred day moving average is $31.82. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.38 and a current ratio of 0.93. Capri Holdings Limited has a fifty-two week low of $18.70 and a fifty-two week high of $51.23.
CPRI has been the topic of a number of research analyst reports. Robert W. Baird dropped their price target on Capri from $24.00 to $23.00 and set a "neutral" rating on the stock in a research note on Friday, November 8th. TD Cowen cut their price target on shares of Capri from $57.00 to $22.00 and set a "hold" rating on the stock in a research note on Friday, November 15th. StockNews.com downgraded shares of Capri from a "hold" rating to a "sell" rating in a research note on Tuesday, August 27th. Citigroup lowered shares of Capri from a "buy" rating to a "neutral" rating and set a $41.00 price objective on the stock. in a report on Friday, September 13th. Finally, Wells Fargo & Company lowered their price target on Capri from $42.00 to $23.00 and set an "equal weight" rating for the company in a research report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $27.90.
View Our Latest Research Report on Capri
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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