Capri Holdings Limited (NYSE:CPRI) Shares Sold by Sei Investments Co.

Sei Investments Co. lowered its stake in shares of Capri Holdings Limited (NYSE:CPRI) by 16.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 123,366 shares of the company’s stock after selling 24,921 shares during the quarter. Sei Investments Co.’s holdings in Capri were worth $2,599,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Sunbelt Securities Inc. acquired a new position in Capri during the 3rd quarter valued at approximately $42,000. Twin Tree Management LP purchased a new stake in shares of Capri during the fourth quarter valued at $45,000. Quarry LP acquired a new position in shares of Capri in the 3rd quarter valued at $53,000. KBC Group NV raised its stake in Capri by 63.9% in the 4th quarter. KBC Group NV now owns 5,039 shares of the company’s stock worth $106,000 after acquiring an additional 1,965 shares during the last quarter. Finally, LexAurum Advisors LLC acquired a new stake in Capri during the 4th quarter worth about $211,000. Institutional investors and hedge funds own 84.34% of the company’s stock.

Wall Street Analysts Forecast Growth

CPRI has been the topic of a number of research reports. Bank of America initiated coverage on Capri in a report on Monday, February 10th. They issued a “neutral” rating and a $23.00 price objective on the stock. Citigroup raised shares of Capri from a “neutral” rating to a “buy” rating and raised their price target for the stock from $21.00 to $29.00 in a research report on Friday, January 10th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $23.00 price objective on shares of Capri in a report on Wednesday. Jefferies Financial Group raised their target price on shares of Capri from $20.00 to $23.00 and gave the stock a “hold” rating in a report on Tuesday, January 28th. Finally, Wells Fargo & Company increased their price target on Capri from $28.00 to $30.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. Nine 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, Capri presently has an average rating of “Hold” and a consensus target price of $25.92.

Capri Price Performance

Shares of Capri stock opened at $14.46 on Friday. The firm has a market cap of $1.71 billion, a PE ratio of -1.69, a P/E/G ratio of 7.80 and a beta of 1.77. The business has a 50-day moving average price of $21.49 and a 200 day moving average price of $25.45. The company has a quick ratio of 0.59, a current ratio of 1.21 and a debt-to-equity ratio of 1.36. Capri Holdings Limited has a twelve month low of $13.12 and a twelve month high of $44.83.

Capri (NYSE:CPRI) last announced its earnings results 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 period last year, the company earned $1.20 EPS. Sell-side analysts predict that Capri Holdings Limited will post 0.98 earnings per share for the current fiscal 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.