Segantii Capital Management Ltd Sells 57,000 Shares of Capri Holdings Limited (NYSE:CPRI)

Segantii Capital Management Ltd reduced its position in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) by 5.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 938,000 shares of the company's stock after selling 57,000 shares during the period. Capri comprises approximately 2.5% of Segantii Capital Management Ltd's holdings, making the stock its 11th largest holding. Segantii Capital Management Ltd owned about 0.81% of Capri worth $47,125,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CPRI. U S Global Investors Inc. acquired a new stake in shares of Capri during the 4th quarter worth approximately $75,000. Fifth Third Bancorp increased its position in Capri by 34.0% in the third quarter. Fifth Third Bancorp now owns 1,735 shares of the company's stock worth $91,000 after buying an additional 440 shares during the period. EMC Capital Management acquired a new position in shares of Capri during the third quarter valued at $96,000. Systematic Alpha Investments LLC bought a new position in shares of Capri during the third quarter worth about $204,000. Finally, Coldstream Capital Management Inc. acquired a new stake in shares of Capri in the 3rd quarter worth about $205,000. 84.34% of the stock is currently owned by institutional investors.

Capri Stock Down 1.3 %

Shares of NYSE:CPRI traded down $0.47 during trading on Thursday, reaching $36.24. 1,332,935 shares of the company traded hands, compared to its average volume of 1,374,137. Capri Holdings Limited has a 1-year low of $34.17 and a 1-year high of $54.52. The company has a quick ratio of 0.49, a current ratio of 1.06 and a debt-to-equity ratio of 0.71. The firm has a market cap of $4.22 billion, a P/E ratio of 20.36, a price-to-earnings-growth ratio of 7.24 and a beta of 2.08. The firm has a fifty day simple moving average of $41.89 and a 200 day simple moving average of $46.52.

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

Wall Street Analyst Weigh In

CPRI has been the subject of a number of analyst reports. StockNews.com began coverage on Capri in a research report on Saturday, April 13th. They set a "hold" rating for the company. OTR Global reiterated a "mixed" rating on shares of Capri in a research report on Wednesday, April 17th. Finally, Telsey Advisory Group dropped their price target on shares of Capri from $57.00 to $42.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 23rd. Eleven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $49.25.

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.