Capri Holdings Limited (NYSE:CPRI) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. decreased its position in Capri Holdings Limited (NYSE:CPRI) by 10.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,029,719 shares of the company’s stock after selling 232,049 shares during the quarter. Franklin Resources Inc. owned about 1.72% of Capri worth $87,379,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Primecap Management Co. CA raised its stake in Capri by 14.2% in the 3rd quarter. Primecap Management Co. CA now owns 4,140,755 shares of the company’s stock valued at $175,734,000 after purchasing an additional 515,963 shares during the last quarter. FMR LLC raised its stake in Capri by 389.2% in the 3rd quarter. FMR LLC now owns 2,858,480 shares of the company’s stock valued at $121,314,000 after purchasing an additional 2,274,149 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Capri by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,942,145 shares of the company’s stock valued at $82,446,000 after acquiring an additional 41,009 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Capri by 4.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,587,602 shares of the company’s stock valued at $52,514,000 after acquiring an additional 68,081 shares during the last quarter. Finally, Baupost Group LLC MA acquired a new position in shares of Capri during the 2nd quarter valued at about $33,080,000. Institutional investors and hedge funds own 84.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CPRI shares. Robert W. Baird dropped their price objective on shares of Capri from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Telsey Advisory Group dropped their price objective on shares of Capri from $26.00 to $23.00 and set a “market perform” rating for the company 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. TD Cowen decreased their target price on Capri from $57.00 to $22.00 and set a “hold” rating for the company in a report on Friday, November 15th. Finally, Guggenheim upgraded Capri from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Capri has a consensus rating of “Hold” and an average price target of $28.20.

Capri Stock Down 1.2 %

NYSE CPRI opened at $21.36 on Monday. The stock has a market cap of $2.52 billion, a PE ratio of -6.98, a P/E/G ratio of 4.63 and a beta of 2.05. Capri Holdings Limited has a fifty-two week low of $18.70 and a fifty-two week high of $51.23. The business has a 50 day moving average price of $27.24 and a two-hundred day moving average price of $32.15. The company has a quick ratio of 0.38, a current ratio of 0.93 and a debt-to-equity ratio of 0.83.

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.