Capri Holdings Limited (NYSE:CPRI) is Twin Lakes Capital Management LLC’s 3rd Largest Position

Twin Lakes Capital Management LLC trimmed its stake in Capri Holdings Limited (NYSE:CPRI) by 1.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 171,748 shares of the company’s stock after selling 3,017 shares during the period. Capri makes up 4.0% of Twin Lakes Capital Management LLC’s investment portfolio, making the stock its 3rd largest holding. Twin Lakes Capital Management LLC owned about 0.15% of Capri worth $7,289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Primecap Management Co. CA raised its holdings in shares of Capri by 14.2% in the third quarter. Primecap Management Co. CA now owns 4,140,755 shares of the company’s stock valued at $175,734,000 after buying an additional 515,963 shares during the last quarter. FMR LLC grew its position in Capri by 389.2% during the third quarter. FMR LLC now owns 2,858,480 shares of the company’s stock worth $121,314,000 after buying an additional 2,274,149 shares during the period. Geode Capital Management LLC increased its stake in Capri by 2.2% in the 3rd quarter. Geode Capital Management LLC now owns 1,942,145 shares of the company’s stock valued at $82,446,000 after purchasing an additional 41,009 shares in the last quarter. Dimensional Fund Advisors LP raised 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 worth $52,514,000 after buying an additional 68,081 shares during the last quarter. Finally, Baupost Group LLC MA acquired a new position in Capri during the second quarter worth about $33,080,000. 84.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on CPRI. JPMorgan Chase & Co. reduced their price objective on Capri from $57.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. TD Cowen decreased their price target on shares of Capri from $57.00 to $22.00 and set a “hold” rating on the stock in a report on Friday, November 15th. Citigroup cut Capri from a “buy” rating to a “neutral” rating and set a $41.00 target price on the stock. in a report on Friday, September 13th. Telsey Advisory Group reduced their price target on shares of Capri from $26.00 to $23.00 and set a “market perform” rating on the stock in a research report on Friday, November 15th. Finally, Robert W. Baird cut their price objective on Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $28.20.

Capri Stock Up 0.1 %

Shares of NYSE:CPRI opened at $22.31 on Tuesday. Capri Holdings Limited has a 12-month low of $18.70 and a 12-month high of $51.23. 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 firm has a market cap of $2.63 billion, a PE ratio of -7.29, a price-to-earnings-growth ratio of 4.75 and a beta of 2.05. The company has a fifty day simple moving average of $28.88 and a 200 day simple moving average of $32.50.

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.