South Dakota Investment Council lowered its position in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) by 15.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 436,834 shares of the company's stock after selling 77,792 shares during the period. South Dakota Investment Council owned approximately 0.37% of Capri worth $8,619,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds have also modified their holdings of the business. Farther Finance Advisors LLC boosted its stake in 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. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Capri during the first quarter worth about $30,000. UMB Bank n.a. boosted its position in shares of Capri by 134.9% in the first quarter. UMB Bank n.a. now owns 1,776 shares of the company's stock worth $35,000 after acquiring an additional 1,020 shares during the last quarter. Fifth Third Bancorp lifted its position in Capri by 139.6% during the first quarter. Fifth Third Bancorp now owns 2,343 shares of the company's stock valued at $46,000 after buying an additional 1,365 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new position in Capri during the fourth quarter valued at approximately $74,000. 84.34% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research firms have weighed in on CPRI. Robert W. Baird lowered their target price on shares of Capri from $26.00 to $18.00 and set a "neutral" rating for the company in a research note on Friday, April 11th. UBS Group raised their price target on shares of Capri from $14.00 to $18.00 and gave the stock a "neutral" rating in a report on Thursday, May 29th. Wells Fargo & Company decreased their price target 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. JPMorgan Chase & Co. decreased their price target on shares of Capri from $19.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday, May 29th. Finally, Telsey Advisory Group reissued a "market perform" rating and issued a $20.00 price target (up previously from $17.00) on shares of Capri in a research report on Wednesday, May 28th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $22.50.
Read Our Latest Stock Analysis on Capri
Capri Price Performance
NYSE:CPRI traded up $0.25 during mid-day trading on Wednesday, reaching $19.78. The stock had a trading volume of 551,820 shares, compared to its average volume of 3,553,166. The stock has a market capitalization of $2.33 billion, a P/E ratio of -1.99, a P/E/G ratio of 0.41 and a beta of 1.67. 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 0.49 and a current ratio of 1.14. The firm has a 50 day moving average price of $17.95 and a two-hundred day moving average price of $19.14.
Capri (NYSE:CPRI - Get Free Report) last posted 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 company had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $989.05 million. Capri had a negative net margin of 26.61% and a negative return on equity of 39.55%. The firm's quarterly revenue was down 15.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.42 earnings per share. As a group, analysts expect that Capri Holdings Limited will post 0.98 earnings per share for the current year.
Capri Profile
(
Free Report)
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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