Capri Holdings Limited (NYSE:CPRI) Shares Sold by Signaturefd LLC

Signaturefd LLC lowered its position in shares of Capri Holdings Limited (NYSE:CPRI) by 22.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 2,249 shares of the company’s stock after selling 649 shares during the quarter. Signaturefd LLC’s holdings in Capri were worth $47,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd purchased a new position in Capri during the third quarter worth about $224,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Capri by 76.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 321,834 shares of the company’s stock valued at $13,659,000 after purchasing an additional 139,063 shares during the last quarter. Geode Capital Management LLC raised its position in Capri by 2.2% in the third quarter. Geode Capital Management LLC now owns 1,942,145 shares of the company’s stock valued at $82,446,000 after purchasing an additional 41,009 shares during the period. Rule One Partners LLC acquired a new position in Capri during the third quarter worth $2,483,000. Finally, Oddo BHF Asset Management Sas purchased a new position in shares of Capri during the third quarter worth $25,888,000. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Capri Price Performance

Shares of NYSE CPRI opened at $21.34 on Tuesday. The stock’s 50-day simple moving average is $22.40 and its 200-day simple moving average is $26.47. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.59 and a current ratio of 1.21. The firm has a market capitalization of $2.52 billion, a PE ratio of -2.50, a price-to-earnings-growth ratio of 7.80 and a beta of 2.10. Capri Holdings Limited has a fifty-two week low of $18.53 and a fifty-two week high of $46.09.

Capri (NYSE:CPRI) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.27). Capri had a positive return on equity of 12.89% and a negative net margin of 21.79%. During the same quarter in the previous year, the company posted $1.20 EPS. As a group, equities research analysts forecast that Capri Holdings Limited will post 0.98 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on CPRI shares. Telsey Advisory Group reiterated a “market perform” rating and issued a $23.00 price objective on shares of Capri in a report on Thursday, February 20th. Citigroup raised shares of Capri from a “neutral” rating to a “buy” rating and raised their price objective for the company from $21.00 to $29.00 in a research note on Friday, January 10th. Guggenheim reaffirmed a “buy” rating and set a $30.00 target price on shares of Capri in a research note on Wednesday, February 12th. Bank of America began coverage on shares of Capri in a research note on Monday, February 10th. They issued a “neutral” rating and a $23.00 price target for the company. Finally, BMO Capital Markets upgraded Capri from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $25.00 to $31.00 in a research note on Monday, January 6th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $25.92.

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.