Bank of New York Mellon Corp Sells 284,953 Shares of Capri Holdings Limited (NYSE:CPRI)

Bank of New York Mellon Corp decreased its holdings in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) by 20.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,098,096 shares of the company's stock after selling 284,953 shares during the period. Bank of New York Mellon Corp owned approximately 0.93% of Capri worth $21,665,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Capri by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 11,377,630 shares of the company's stock valued at $239,613,000 after purchasing an additional 151,866 shares during the last quarter. Norges Bank purchased a new stake in shares of Capri in the fourth quarter valued at about $58,070,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Capri in the first quarter valued at about $30,000. Raymond James Financial Inc. purchased a new stake in shares of Capri in the fourth quarter valued at about $2,167,000. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of Capri in the first quarter valued at about $826,000. Institutional investors and hedge funds own 84.34% of the company's stock.

Capri Stock Performance

NYSE:CPRI traded up $0.09 on Friday, reaching $19.56. 1,399,042 shares of the company's stock were exchanged, compared to its average volume of 3,537,850. The company has a debt-to-equity ratio of 3.97, a current ratio of 1.14 and a quick ratio of 0.49. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of -1.96, a P/E/G ratio of 0.39 and a beta of 1.67. Capri Holdings Limited has a 52 week low of $11.86 and a 52 week high of $43.34. The stock has a fifty day simple moving average of $17.92 and a 200-day simple moving average of $19.17.

Capri (NYSE:CPRI - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The company reported ($4.90) EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($5.12). Capri had a negative net margin of 26.61% and a negative return on equity of 39.55%. The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $989.05 million. During the same quarter last year, the business posted $0.42 earnings per share. Capri's revenue was down 15.4% compared to the same quarter last year. As a group, sell-side analysts predict that Capri Holdings Limited will post 0.98 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages have recently commented on CPRI. Telsey Advisory Group reiterated a "market perform" rating and issued a $20.00 target price (up previously from $17.00) on shares of Capri in a report on Wednesday, May 28th. Wall Street Zen downgraded shares of Capri from a "hold" rating to a "sell" rating in a report on Sunday, July 13th. Wells Fargo & Company decreased their price objective on shares of Capri from $30.00 to $25.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Robert W. Baird decreased their price objective on shares of Capri from $26.00 to $18.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Finally, UBS Group raised their price objective on shares of Capri from $14.00 to $18.00 and gave the stock a "neutral" rating in a report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $22.50.

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.