Capri Holdings Limited (NYSE:CPRI) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP lowered its stake in Capri Holdings Limited (NYSE:CPRI) by 8.3% during the third quarter, HoldingsChannel reports. The firm owned 43,494 shares of the company’s stock after selling 3,930 shares during the quarter. Bridgewater Associates LP’s holdings in Capri were worth $1,846,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Price T Rowe Associates Inc. MD raised its position in Capri by 6.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 58,222 shares of the company’s stock worth $2,638,000 after buying an additional 3,540 shares during the last quarter. Swedbank AB purchased a new position in Capri during the first quarter worth about $8,401,000. GAMMA Investing LLC lifted its position in Capri by 1,580.1% in the second quarter. GAMMA Investing LLC now owns 3,713 shares of the company’s stock valued at $123,000 after purchasing an additional 3,492 shares during the period. CWM LLC boosted its holdings in Capri by 35.2% in the 2nd quarter. CWM LLC now owns 2,452 shares of the company’s stock valued at $81,000 after purchasing an additional 638 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in Capri by 50.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 8,399 shares of the company’s stock worth $278,000 after purchasing an additional 2,806 shares during the period. 84.34% of the stock is owned by institutional investors and hedge funds.

Capri Stock Performance

Shares of CPRI opened at $23.41 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.38 and a debt-to-equity ratio of 0.83. The stock has a market cap of $2.76 billion, a P/E ratio of -7.65, a PEG ratio of 5.01 and a beta of 2.05. The company has a 50-day moving average of $30.87 and a two-hundred day moving average of $33.07. Capri Holdings Limited has a 12-month low of $18.70 and a 12-month high of $51.23.

Analysts Set New Price Targets

CPRI has been the subject of several recent analyst reports. Telsey Advisory Group reduced their price target on Capri from $26.00 to $23.00 and set a “market perform” rating for the company in a report on Friday, November 15th. Wells Fargo & Company decreased their target price on shares of Capri from $42.00 to $23.00 and set an “equal weight” rating on the stock in a research report on Friday, October 25th. Robert W. Baird cut their price target on shares of Capri from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Friday, November 8th. JPMorgan Chase & Co. decreased their price objective on shares of Capri from $57.00 to $22.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Finally, TD Cowen dropped their target price on shares of Capri from $57.00 to $22.00 and set a “hold” rating for the company in a report on Friday, November 15th. 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 presently has a consensus rating of “Hold” and a consensus price target of $28.20.

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.