Capri Holdings Limited (NYSE:CPRI) Shares Sold by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC reduced its position in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) by 85.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,235 shares of the company's stock after selling 18,532 shares during the period. Exchange Traded Concepts LLC's holdings in Capri were worth $64,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vaughan Nelson Investment Management L.P. increased its position in Capri by 7.4% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 2,496,815 shares of the company's stock worth $49,262,000 after purchasing an additional 172,360 shares during the last quarter. Fifth Third Bancorp increased its position in Capri by 139.6% during the first quarter. Fifth Third Bancorp now owns 2,343 shares of the company's stock worth $46,000 after purchasing an additional 1,365 shares during the last quarter. Farther Finance Advisors LLC increased its position in Capri by 758.1% during the first 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 last quarter. UMB Bank n.a. increased its position in Capri by 134.9% during the first quarter. UMB Bank n.a. now owns 1,776 shares of the company's stock worth $35,000 after purchasing an additional 1,020 shares during the last quarter. Finally, Investors Research Corp increased its position in Capri by 3.8% during the first quarter. Investors Research Corp now owns 21,669 shares of the company's stock worth $428,000 after purchasing an additional 800 shares during the last quarter. 84.34% of the stock is currently owned by institutional investors and hedge funds.

Capri Trading Up 0.5%

Shares of CPRI stock opened at $16.99 on Thursday. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.49 and a current ratio of 1.14. The stock has a market capitalization of $2.00 billion, a P/E ratio of -1.71, a price-to-earnings-growth ratio of 0.36 and a beta of 1.70. The company has a 50 day moving average price of $16.69 and a 200 day moving average price of $19.50. Capri Holdings Limited has a fifty-two week low of $11.86 and a fifty-two week high of $43.34.

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

Analysts Set New Price Targets

CPRI has been the subject of several recent analyst reports. Wells Fargo & Company cut their price objective on shares of Capri from $30.00 to $25.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Barclays reduced their price target on shares of Capri from $19.00 to $13.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 10th. Wall Street Zen raised shares of Capri from a "sell" rating to a "hold" rating in a research note on Sunday, June 8th. Robert W. Baird reduced their price target on shares of Capri from $26.00 to $18.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Capri from $19.00 to $18.00 and set a "neutral" rating on the stock in a research note on Thursday, May 29th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Capri has an average rating of "Hold" and a consensus target price of $22.50.

Capri 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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