Exchange Traded Concepts LLC Decreases Stake in Capri Holdings Limited (NYSE:CPRI)

Exchange Traded Concepts LLC lowered its position in Capri Holdings Limited (NYSE:CPRI) by 85.1% in the first quarter, Holdings Channel reports. The fund owned 3,235 shares of the company’s stock after selling 18,532 shares during the period. Exchange Traded Concepts LLC’s holdings in Capri were worth $64,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC lifted its position in shares of Capri by 758.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,433 shares of the company’s stock worth $28,000 after buying an additional 1,266 shares during the last quarter. UMB Bank n.a. lifted its position in shares of Capri by 134.9% during the 1st quarter. UMB Bank n.a. now owns 1,776 shares of the company’s stock worth $35,000 after buying an additional 1,020 shares during the last quarter. Twin Tree Management LP purchased a new stake in shares of Capri during the 4th quarter worth approximately $45,000. Fifth Third Bancorp lifted its position in shares of Capri by 139.6% during the 1st quarter. Fifth Third Bancorp now owns 2,343 shares of the company’s stock worth $46,000 after buying an additional 1,365 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new stake in shares of Capri during the 4th quarter worth approximately $74,000. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Capri Stock Performance

Shares of CPRI opened at $16.99 on Thursday. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.49 and a current ratio of 1.14. The stock has a market capitalization of $2.00 billion, a P/E ratio of -1.71, a P/E/G ratio of 0.36 and a beta of 1.70. The company’s fifty day moving average is $16.69 and its two-hundred day moving average is $19.50. Capri Holdings Limited has a 1 year low of $11.86 and a 1 year high of $43.34.

Capri (NYSE:CPRI) last announced its quarterly earnings data on Wednesday, May 28th. The company reported ($4.90) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($5.12). The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $989.05 million. Capri had a negative net margin of 26.61% and a negative return on equity of 39.55%. The business’s quarterly revenue was down 15.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.42 earnings per share. On average, sell-side analysts predict that Capri Holdings Limited will post 0.98 earnings per share for the current year.

Wall Street Analyst Weigh In

CPRI has been the subject of several recent analyst reports. Barclays reduced their price objective on shares of Capri from $19.00 to $13.00 and set an “equal weight” rating for the company in a research report on Thursday, April 10th. Robert W. Baird reduced their price objective on shares of Capri from $26.00 to $18.00 and set a “neutral” rating for the company in a research report on Friday, April 11th. Wells Fargo & Company cut their target price on shares of Capri from $30.00 to $25.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. UBS Group lifted their target price on shares of Capri from $14.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, May 29th. Finally, JPMorgan Chase & Co. cut their target price on shares of Capri from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Thursday, May 29th. 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.com, the company presently has a consensus rating of “Hold” and a consensus price target of $22.50.

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.