Highbridge Capital Management LLC Sells 100,000 Shares of Capri Holdings Limited (NYSE:CPRI)

Highbridge Capital Management LLC trimmed its stake in shares of Capri Holdings Limited (NYSE:CPRI) by 28.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 250,000 shares of the company’s stock after selling 100,000 shares during the quarter. Highbridge Capital Management LLC’s holdings in Capri were worth $5,265,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Sunbelt Securities Inc. acquired a new position in Capri in the third quarter valued at about $42,000. Twin Tree Management LP acquired a new stake in Capri during the fourth quarter worth about $45,000. Quarry LP bought a new position in Capri in the 3rd quarter valued at about $53,000. KBC Group NV raised its position in shares of Capri by 63.9% in the 4th quarter. KBC Group NV now owns 5,039 shares of the company’s stock valued at $106,000 after buying an additional 1,965 shares in the last quarter. Finally, LexAurum Advisors LLC bought a new stake in shares of Capri during the 4th quarter worth approximately $211,000. 84.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Barclays decreased their price objective on shares of Capri from $21.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. StockNews.com raised Capri from a “sell” rating to a “hold” rating in a report on Friday, February 7th. JPMorgan Chase & Co. boosted their price target on Capri from $15.00 to $19.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. BMO Capital Markets raised Capri from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $25.00 to $31.00 in a research note on Monday, January 6th. Finally, Jefferies Financial Group lifted their target price on Capri from $20.00 to $23.00 and gave the company a “hold” rating in a research report on Tuesday, January 28th. Nine investment 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, Capri currently has a consensus rating of “Hold” and an average price target of $25.92.

Capri Stock Performance

NYSE:CPRI opened at $20.58 on Friday. The stock’s 50-day moving average is $22.24 and its 200-day moving average is $26.30. Capri Holdings Limited has a 1-year low of $18.53 and a 1-year high of $46.09. The company has a current ratio of 1.21, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36. The stock has a market cap of $2.43 billion, a P/E ratio of -2.41, a price-to-earnings-growth ratio of 7.80 and a beta of 2.10.

Capri (NYSE:CPRI) last posted its earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates 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 in the prior year, the business earned $1.20 EPS. Equities research analysts anticipate that Capri Holdings Limited will post 0.98 earnings per share for the current year.

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.