New York Life Investment Management LLC Sells 316,383 Shares of Capri Holdings Limited (NYSE:CPRI)

New York Life Investment Management LLC decreased its holdings in Capri Holdings Limited (NYSE:CPRI - Free Report) by 47.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 348,084 shares of the company's stock after selling 316,383 shares during the period. New York Life Investment Management LLC owned approximately 0.30% of Capri worth $17,488,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Alpine Associates Management Inc. purchased a new stake in shares of Capri in the 3rd quarter worth about $128,347,000. Westchester Capital Management LLC bought a new position in shares of Capri in the 3rd quarter worth about $87,352,000. PSquared Asset Management AG bought a new stake in Capri during the 3rd quarter valued at about $61,090,000. Segantii Capital Management Ltd bought a new stake in Capri during the 3rd quarter valued at about $52,347,000. Finally, Tudor Investment Corp Et Al increased its stake in Capri by 149.1% during the 3rd quarter. Tudor Investment Corp Et Al now owns 774,974 shares of the company's stock valued at $40,771,000 after purchasing an additional 463,914 shares in the last quarter. Hedge funds and other institutional investors own 84.34% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. OTR Global reaffirmed a "mixed" rating on shares of Capri in a report on Wednesday, April 17th. StockNews.com initiated coverage on shares of Capri in a report on Saturday, April 13th. They issued a "hold" rating on the stock. Finally, Telsey Advisory Group dropped their price objective on shares of Capri from $57.00 to $42.00 and set a "market perform" rating on the stock in a report on Tuesday, April 23rd. Twelve analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $49.25.

Capri Trading Down 0.4 %

CPRI stock traded down $0.14 during mid-day trading on Thursday, reaching $35.11. 808,406 shares of the stock traded hands, compared to its average volume of 1,368,280. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.49 and a current ratio of 1.06. Capri Holdings Limited has a one year low of $34.17 and a one year high of $54.52. The stock has a market capitalization of $4.09 billion, a PE ratio of 19.89, a PEG ratio of 7.20 and a beta of 2.08. The business has a 50-day moving average price of $43.12 and a two-hundred day moving average price of $47.13.

Capri (NYSE:CPRI - Get Free Report) last posted its quarterly earnings data on Thursday, February 8th. The company reported $1.20 earnings per share for the quarter, missing analysts' consensus estimates of $1.74 by ($0.54). The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.48 billion. Capri had a net margin of 3.96% and a return on equity of 25.79%. The company's revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.84 EPS. Equities research analysts expect that Capri Holdings Limited will post 3.8 EPS for the current 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.