LSV Asset Management Sells 527,466 Shares of Capri Holdings Limited (NYSE:CPRI)

LSV Asset Management cut its position in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) by 21.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,947,340 shares of the company's stock after selling 527,466 shares during the quarter. LSV Asset Management owned approximately 1.68% of Capri worth $97,834,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of CPRI. Alpine Associates Management Inc. purchased a new stake in Capri during the 3rd quarter valued at about $128,347,000. Westchester Capital Management LLC purchased a new stake in Capri during the 3rd quarter valued at about $87,352,000. PSquared Asset Management AG purchased a new stake in Capri during the 3rd quarter valued at about $61,090,000. Segantii Capital Management Ltd purchased a new stake in Capri during the 3rd quarter valued at about $52,347,000. Finally, Tudor Investment Corp Et Al boosted its holdings 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 acquiring an additional 463,914 shares during the period. 84.34% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CPRI shares. StockNews.com initiated coverage on Capri in a report on Saturday, April 13th. They set a "hold" rating for the company. Telsey Advisory Group dropped their price objective on Capri from $57.00 to $42.00 and set a "market perform" rating for the company in a report on Tuesday, April 23rd. Finally, OTR Global reiterated a "mixed" rating on shares of Capri in a report on Wednesday, April 17th. Eleven research analysts have rated the stock with a hold rating, According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $49.25.

Capri Stock Up 1.7 %

Shares of CPRI traded up $0.58 on Friday, reaching $35.68. The stock had a trading volume of 943,481 shares, compared to its average volume of 2,487,385. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of 20.04, a price-to-earnings-growth ratio of 7.13 and a beta of 2.08. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.49 and a current ratio of 1.06. The company has a 50-day simple moving average of $42.68 and a 200-day simple moving average of $46.90. Capri Holdings Limited has a 12-month low of $34.17 and a 12-month high of $54.52.

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). Capri had a net margin of 3.96% and a return on equity of 25.79%. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the business earned $1.84 EPS. The firm's quarterly revenue was down 5.6% on a year-over-year basis. Sell-side analysts predict 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.