Exchange Traded Concepts LLC Sells 18,532 Shares of Capri Holdings Limited (NYSE:CPRI)

Exchange Traded Concepts LLC lowered its position in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) by 85.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,235 shares of the company's stock after selling 18,532 shares during the quarter. Exchange Traded Concepts LLC's holdings in Capri were worth $64,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CPRI. Rhumbline Advisers lifted its position in Capri by 1.3% during the fourth quarter. Rhumbline Advisers now owns 304,624 shares of the company's stock valued at $6,415,000 after buying an additional 3,993 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in Capri during the fourth quarter valued at $574,000. Proficio Capital Partners LLC purchased a new position in Capri during the fourth quarter valued at $344,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Capri by 7.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,004,085 shares of the company's stock valued at $21,146,000 after acquiring an additional 73,672 shares in the last quarter. Finally, SWS Partners bought a new position in shares of Capri during the fourth quarter valued at $1,468,000. Hedge funds and other institutional investors own 84.34% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CPRI shares. JPMorgan Chase & Co. reduced their price target on Capri from $19.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday, May 29th. Barclays reduced their price target on Capri from $19.00 to $13.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. UBS Group raised 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. Telsey Advisory Group restated a "market perform" rating and set a $20.00 price target (up from $17.00) on shares of Capri in a report on Wednesday, May 28th. Finally, Wall Street Zen downgraded Capri from a "hold" rating to a "sell" rating in a report on Friday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $22.50.

Capri Stock Performance

NYSE CPRI traded up $0.03 during trading hours on Friday, hitting $17.56. The company's stock had a trading volume of 18,901,852 shares, compared to its average volume of 3,473,504. Capri Holdings Limited has a 12 month low of $11.86 and a 12 month high of $43.34. The company's 50 day simple moving average is $16.84 and its two-hundred day simple moving average is $19.40. The company has a market cap of $2.07 billion, a P/E ratio of -1.76, a price-to-earnings-growth ratio of 0.37 and a beta of 1.70. The company has a debt-to-equity ratio of 3.97, a current ratio of 1.14 and a quick ratio of 0.49.

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 the consensus estimate of $0.22 by ($5.12). The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $989.05 million. Capri had a negative return on equity of 39.55% and a negative net margin of 26.61%. Capri's quarterly revenue was down 15.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.42 earnings per share. As a group, sell-side analysts expect that Capri Holdings Limited will post 0.98 EPS for the current fiscal year.

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.