Capri Holdings Limited (NYSE:CPRI) Shares Sold by Accurate Wealth Management LLC

Accurate Wealth Management LLC decreased its stake in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) by 30.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,676 shares of the company's stock after selling 15,755 shares during the quarter. Accurate Wealth Management LLC's holdings in Capri were worth $724,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Capri by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 11,377,630 shares of the company's stock worth $239,613,000 after buying an additional 151,866 shares during the period. FMR LLC raised its holdings in shares of Capri by 249.4% in the fourth quarter. FMR LLC now owns 9,987,603 shares of the company's stock valued at $210,339,000 after acquiring an additional 7,129,123 shares in the last quarter. Primecap Management Co. CA lifted its stake in Capri by 13.2% in the fourth quarter. Primecap Management Co. CA now owns 4,688,333 shares of the company's stock worth $98,736,000 after acquiring an additional 547,578 shares during the period. Norges Bank bought a new position in Capri during the 4th quarter worth about $58,070,000. Finally, Dimensional Fund Advisors LP increased its position in Capri by 72.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,595,029 shares of the company's stock valued at $54,647,000 after purchasing an additional 1,088,051 shares during the period. Institutional investors own 84.34% of the company's stock.

Capri Stock Up 2.4%

NYSE:CPRI traded up $0.42 during mid-day trading on Wednesday, hitting $18.01. 4,311,679 shares of the company's stock traded hands, compared to its average volume of 3,347,877. The company has a fifty day moving average of $16.05 and a 200 day moving average of $19.91. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.59 and a current ratio of 1.21. Capri Holdings Limited has a twelve month low of $11.86 and a twelve month high of $43.34. The company has a market capitalization of $2.12 billion, a P/E ratio of -2.11, a P/E/G ratio of 7.80 and a beta of 1.70.

Capri (NYSE:CPRI - Get Free Report) last posted its quarterly earnings data on Wednesday, May 28th. The company reported ($4.90) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($5.12). The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $989.05 million. Capri had a negative net margin of 21.79% and a positive return on equity of 12.89%. The business's revenue was down 15.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.42 EPS. On average, analysts forecast that Capri Holdings Limited will post 0.98 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Guggenheim reiterated a "buy" rating and set a $30.00 price objective on shares of Capri in a research note on Wednesday, February 12th. Wall Street Zen raised Capri from a "sell" rating to a "hold" rating in a research report on Sunday. UBS Group lifted their price target on Capri from $14.00 to $18.00 and gave the company a "neutral" rating in a report on Thursday, May 29th. Wells Fargo & Company reduced their price target on Capri from $30.00 to $25.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and set a $20.00 price objective (up previously from $17.00) on shares of Capri in a research report on Wednesday, May 28th. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $22.50.

About Capri

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.