MetLife Investment Management LLC Sells 984 Shares of Capri Holdings Limited $CPRI

MetLife Investment Management LLC reduced its stake in shares of Capri Holdings Limited (NYSE:CPRI) by 1.5% in the first quarter, HoldingsChannel.com reports. The fund owned 65,416 shares of the company’s stock after selling 984 shares during the quarter. MetLife Investment Management LLC’s holdings in Capri were worth $1,291,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in CPRI. Price T Rowe Associates Inc. MD lifted its holdings in shares of Capri by 5.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 71,914 shares of the company’s stock worth $1,515,000 after acquiring an additional 4,009 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Capri by 28.2% during the 4th quarter. Northern Trust Corp now owns 1,108,514 shares of the company’s stock worth $23,345,000 after acquiring an additional 243,641 shares during the last quarter. Triumph Capital Management purchased a new position in Capri in the 4th quarter worth $209,000. Algert Global LLC raised its position in Capri by 46.5% in the 4th quarter. Algert Global LLC now owns 93,952 shares of the company’s stock worth $1,979,000 after purchasing an additional 29,841 shares during the period. Finally, Ameriprise Financial Inc. raised its position in Capri by 74.7% in the 4th quarter. Ameriprise Financial Inc. now owns 808,997 shares of the company’s stock worth $17,037,000 after purchasing an additional 345,895 shares during the period. 84.34% of the stock is owned by institutional investors.

Capri Price Performance

CPRI stock opened at $21.72 on Friday. Capri Holdings Limited has a 12-month low of $11.86 and a 12-month high of $43.34. The company has a current ratio of 1.17, a quick ratio of 0.61 and a debt-to-equity ratio of 3.97. The firm’s 50-day moving average price is $19.68 and its two-hundred day moving average price is $18.47. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of -2.31, a PEG ratio of 0.45 and a beta of 1.75.

Capri (NYSE:CPRI) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.37. Capri had a negative net margin of 26.73% and a negative return on equity of 53.50%. The company had revenue of $797.00 million for the quarter, compared to analysts’ expectations of $773.18 million. During the same quarter in the previous year, the company earned $0.04 earnings per share. Capri’s quarterly revenue was down 6.0% on a year-over-year basis. As a group, equities analysts predict that Capri Holdings Limited will post 0.98 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CPRI. Wall Street Zen upgraded shares of Capri from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. UBS Group lifted their target price on shares of Capri from $18.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. JPMorgan Chase & Co. upgraded shares of Capri from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $21.00 to $30.00 in a research report on Wednesday, August 13th. Telsey Advisory Group reiterated a “market perform” rating and issued a $22.00 target price (up previously from $20.00) on shares of Capri in a research report on Wednesday, August 6th. Finally, Zacks Research upgraded shares of Capri from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 26th. Five investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $24.08.

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.