Capri Holdings Limited (NYSE:CPRI) Shares Sold by LSV Asset Management

LSV Asset Management lessened its stake in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) by 5.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,662,871 shares of the company's stock after selling 99,269 shares during the quarter. LSV Asset Management owned 1.41% of Capri worth $35,020,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Integrated Wealth Concepts LLC purchased a new stake in Capri during the 3rd quarter worth about $318,000. Quantinno Capital Management LP purchased a new stake in shares of Capri during the 3rd quarter worth $260,000. Wellington Management Group LLP grew its stake in shares of Capri by 6.5% during the third quarter. Wellington Management Group LLP now owns 112,045 shares of the company's stock worth $4,755,000 after purchasing an additional 6,846 shares in the last quarter. MML Investors Services LLC increased its holdings in Capri by 49.6% in the third quarter. MML Investors Services LLC now owns 18,443 shares of the company's stock valued at $783,000 after buying an additional 6,112 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new stake in Capri in the third quarter valued at $3,804,000. Institutional investors and hedge funds own 84.34% of the company's stock.

Capri Stock Performance

Shares of NYSE:CPRI traded up $0.39 during midday trading on Thursday, hitting $13.66. The stock had a trading volume of 856,924 shares, compared to its average volume of 3,110,096. The company has a market capitalization of $1.61 billion, a PE ratio of -1.60, a P/E/G ratio of 7.80 and a beta of 1.77. Capri Holdings Limited has a 1 year low of $11.86 and a 1 year high of $43.34. The stock has a 50 day moving average price of $19.53 and a two-hundred day moving average price of $23.84. The company has a current ratio of 1.21, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36.

Capri (NYSE:CPRI - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate 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 period last year, the firm posted $1.20 EPS. As a group, equities analysts predict that Capri Holdings Limited will post 0.98 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Wells Fargo & Company decreased their target price on Capri from $30.00 to $25.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Telsey Advisory Group dropped their target price on shares of Capri from $23.00 to $17.00 and set a "market perform" rating on the stock in a research report on Friday, April 11th. StockNews.com raised shares of Capri from a "sell" rating to a "hold" rating in a research report on Friday, February 7th. Citigroup raised Capri from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $21.00 to $29.00 in a report on Friday, January 10th. Finally, Guggenheim reissued a "buy" rating and issued a $30.00 target price on shares of Capri in a report on Wednesday, February 12th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $24.08.

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.