Capri Holdings Limited $CPRI Shares Sold by Vanguard Group Inc.

Key Points

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Vanguard Group Inc. cut its stake in Capri Holdings Limited (NYSE:CPRI - Free Report) by 1.3% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,232,395 shares of the company's stock after selling 145,235 shares during the quarter. Vanguard Group Inc. owned about 9.53% of Capri worth $221,615,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CPRI. Farther Finance Advisors LLC grew its holdings in shares of Capri by 758.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,433 shares of the company's stock worth $28,000 after purchasing an additional 1,266 shares during the period. Banque Cantonale Vaudoise purchased a new position in Capri during the 1st quarter valued at about $29,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Capri during the 1st quarter valued at about $30,000. UMB Bank n.a. boosted its holdings in Capri by 134.9% during the 1st quarter. UMB Bank n.a. now owns 1,776 shares of the company's stock valued at $35,000 after acquiring an additional 1,020 shares during the period. Finally, Fifth Third Bancorp boosted its holdings in Capri by 139.6% during the 1st quarter. Fifth Third Bancorp now owns 2,343 shares of the company's stock valued at $46,000 after acquiring an additional 1,365 shares during the period. 84.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CPRI shares. UBS Group raised their target price on Capri from $18.00 to $23.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. JPMorgan Chase & Co. raised Capri from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $21.00 to $30.00 in a research report on Wednesday, August 13th. Wall Street Zen raised Capri from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and set a $22.00 price target (up previously from $20.00) on shares of Capri in a research report on Wednesday, August 6th. Eight investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $24.08.

Capri Trading Down 2.1%

Shares of CPRI opened at $20.51 on Tuesday. The company has a market capitalization of $2.44 billion, a P/E ratio of -2.18, a P/E/G ratio of 0.44 and a beta of 1.72. Capri Holdings Limited has a one year low of $11.86 and a one year high of $43.34. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.61 and a current ratio of 1.17. The stock has a 50-day moving average price of $18.70 and a 200 day moving average price of $18.55.

Capri (NYSE:CPRI - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.37. The firm had revenue of $797.00 million for the quarter, compared to analysts' expectations of $773.18 million. Capri had a negative return on equity of 53.50% and a negative net margin of 26.73%. Capri's revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.04 earnings per share. Sell-side analysts forecast that Capri Holdings Limited will post 0.98 EPS for the current fiscal year.

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.

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