Capri Holdings Limited (NYSE:CPRI) Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA lessened its stake in Capri Holdings Limited (NYSE:CPRI) by 5.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,624,792 shares of the company’s stock after selling 209,961 shares during the period. Primecap Management Co. CA owned 3.11% of Capri worth $119,908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in CPRI. ING Groep NV purchased a new position in shares of Capri during the fourth quarter worth approximately $1,542,000. Norges Bank purchased a new position in Capri during the 4th quarter worth $166,766,000. Corient Private Wealth LLC acquired a new position in Capri in the fourth quarter valued at $603,000. Franklin Resources Inc. raised its holdings in shares of Capri by 82.8% in the fourth quarter. Franklin Resources Inc. now owns 1,669,441 shares of the company’s stock valued at $83,873,000 after buying an additional 756,425 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its stake in shares of Capri by 187.6% during the fourth quarter. Hsbc Holdings PLC now owns 381,500 shares of the company’s stock worth $19,178,000 after buying an additional 248,862 shares during the period. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Capri Trading Up 3.2 %

Shares of CPRI stock opened at $39.89 on Wednesday. Capri Holdings Limited has a 1-year low of $29.28 and a 1-year high of $52.88. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.95 and a quick ratio of 0.41. The business’s fifty day moving average price is $34.53 and its 200 day moving average price is $36.80. The firm has a market capitalization of $4.65 billion, a PE ratio of -20.25, a P/E/G ratio of 6.66 and a beta of 1.97.

Capri (NYSE:CPRI) last released its earnings results on Thursday, August 8th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.55). Capri had a negative net margin of 5.81% and a positive return on equity of 18.72%. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the business posted $0.74 EPS. Capri’s revenue was down 13.2% compared to the same quarter last year. As a group, sell-side analysts forecast that Capri Holdings Limited will post 2.12 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CPRI shares. Wells Fargo & Company dropped their price target on Capri from $43.00 to $42.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Citigroup lowered Capri from a “buy” rating to a “neutral” rating and set a $41.00 target price on the stock. in a report on Friday, September 13th. StockNews.com downgraded Capri from a “hold” rating to a “sell” rating in a report on Tuesday, August 27th. UBS Group dropped their price objective on shares of Capri from $42.00 to $39.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 11th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $42.00 target price on shares of Capri in a research note on Thursday, May 30th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $40.40.

Capri 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.