HighTower Advisors LLC Reduces Position in Capri Holdings Limited (NYSE:CPRI)

HighTower Advisors LLC decreased its position in shares of Capri Holdings Limited (NYSE:CPRI) by 87.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,950 shares of the company’s stock after selling 205,761 shares during the period. HighTower Advisors LLC’s holdings in Capri were worth $631,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. purchased a new position in shares of Capri during the third quarter worth approximately $42,000. Quarry LP acquired a new stake in Capri during the 3rd quarter worth $53,000. KBC Group NV grew its position in Capri by 63.9% during the 4th quarter. KBC Group NV now owns 5,039 shares of the company’s stock worth $106,000 after purchasing an additional 1,965 shares during the last quarter. LexAurum Advisors LLC acquired a new position in Capri in the fourth quarter valued at $211,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Capri in the third quarter valued at about $224,000. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Capri Stock Down 1.4 %

Shares of NYSE CPRI opened at $20.30 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.21 and a quick ratio of 0.59. The firm’s 50-day moving average is $22.17 and its two-hundred day moving average is $26.10. Capri Holdings Limited has a 12-month low of $18.53 and a 12-month high of $45.77. The company has a market capitalization of $2.39 billion, a PE ratio of -2.37, a price-to-earnings-growth ratio of 7.80 and a beta of 2.10.

Capri (NYSE:CPRI) last announced its earnings results on Wednesday, February 5th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.27). Capri had a negative net margin of 21.79% and a positive return on equity of 12.89%. During the same period last year, the firm posted $1.20 EPS. Equities analysts anticipate that Capri Holdings Limited will post 0.98 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CPRI shares. Jefferies Financial Group raised their price target on Capri from $20.00 to $23.00 and gave the stock a “hold” rating in a report on Tuesday, January 28th. BMO Capital Markets raised Capri from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $25.00 to $31.00 in a research report on Monday, January 6th. Citigroup raised Capri from a “neutral” rating to a “buy” rating and boosted their target price for the company from $21.00 to $29.00 in a report on Friday, January 10th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $23.00 price target on shares of Capri in a report on Thursday, February 20th. Finally, Bank of America assumed coverage on shares of Capri in a research note on Monday, February 10th. They issued a “neutral” rating and a $23.00 price objective on the stock. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $25.92.

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.