Franklin Resources Inc. Trims Holdings in Capri Holdings Limited (NYSE:CPRI)

Franklin Resources Inc. reduced its holdings in shares of Capri Holdings Limited (NYSE:CPRI) by 10.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,029,719 shares of the company’s stock after selling 232,049 shares during the period. Franklin Resources Inc.’s holdings in Capri were worth $87,379,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Blair William & Co. IL boosted its stake in shares of Capri by 5.8% during the 2nd quarter. Blair William & Co. IL now owns 6,362 shares of the company’s stock valued at $210,000 after buying an additional 350 shares during the last quarter. Signaturefd LLC raised its position 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 acquiring an additional 351 shares in the last quarter. Avior Wealth Management LLC raised its position in shares of 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 acquiring an additional 533 shares in the last quarter. CWM LLC raised its position in shares of Capri by 35.2% during the 2nd quarter. CWM LLC now owns 2,452 shares of the company’s stock valued at $81,000 after acquiring an additional 638 shares in the last quarter. Finally, KBC Group NV raised its position in shares of Capri by 26.9% during the 3rd quarter. KBC Group NV now owns 3,074 shares of the company’s stock valued at $130,000 after acquiring an additional 652 shares in the last quarter. 84.34% of the stock is currently owned by hedge funds and other institutional investors.

Capri Price Performance

Shares of NYSE CPRI opened at $21.36 on Monday. Capri Holdings Limited has a fifty-two week low of $18.70 and a fifty-two week high of $51.23. The firm’s 50-day simple moving average is $27.24 and its 200 day simple moving average is $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. The stock has a market cap of $2.52 billion, a P/E ratio of -6.98, a P/E/G ratio of 4.63 and a beta of 2.05.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CPRI shares. Citigroup lowered Capri from a “buy” rating to a “neutral” rating and set a $41.00 price target on the stock. in a research report on Friday, September 13th. Guggenheim raised Capri from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Tuesday, November 26th. Telsey Advisory Group dropped their target price on Capri from $26.00 to $23.00 and set a “market perform” rating on the stock in a research report on Friday, November 15th. StockNews.com lowered Capri from a “hold” rating to a “sell” rating in a research report on Tuesday, August 27th. Finally, JPMorgan Chase & Co. dropped their target price on Capri from $57.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Capri has an average rating of “Hold” and an average price target of $28.20.

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.