Towerview LLC Has $1.06 Million Holdings in Capri Holdings Limited (NYSE:CPRI)

Towerview LLC lessened its position in shares of Capri Holdings Limited (NYSE:CPRI) by 37.5% in the third quarter, according to its most recent filing with the SEC. The firm owned 25,000 shares of the company’s stock after selling 15,000 shares during the quarter. Capri makes up approximately 0.7% of Towerview LLC’s investment portfolio, making the stock its 14th largest holding. Towerview LLC’s holdings in Capri were worth $1,061,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Riverwater Partners LLC acquired a new stake in shares of Capri during the 3rd quarter worth approximately $1,030,000. Aristides Capital LLC acquired a new stake in shares of Capri during the 2nd quarter worth approximately $1,865,000. State Board of Administration of Florida Retirement System grew its position in shares of Capri by 17.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 155,580 shares of the company’s stock worth $7,312,000 after buying an additional 23,294 shares during the period. Fortis Group Advisors LLC acquired a new stake in shares of Capri during the 3rd quarter worth approximately $2,149,000. Finally, Gabelli Funds LLC grew its position in shares of Capri by 7.1% during the 1st quarter. Gabelli Funds LLC now owns 504,599 shares of the company’s stock worth $22,858,000 after buying an additional 33,550 shares during the period. Institutional investors and hedge funds own 84.34% of the company’s stock.

Capri Stock Performance

CPRI traded down $0.43 during trading hours on Thursday, hitting $19.22. The stock had a trading volume of 6,081,894 shares, compared to its average volume of 1,999,940. The company’s fifty day simple moving average is $34.87 and its 200 day simple moving average is $34.28. Capri Holdings Limited has a 1 year low of $18.70 and a 1 year high of $51.23. The stock has a market cap of $2.27 billion, a PE ratio of -6.21, a price-to-earnings-growth ratio of 3.84 and a beta of 2.05. The company has a quick ratio of 0.38, a current ratio of 0.93 and a debt-to-equity ratio of 0.83.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. UBS Group cut their target price on Capri from $42.00 to $39.00 and set a “neutral” rating on the stock in a report on Wednesday, September 11th. Wells Fargo & Company cut their target price on Capri from $42.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, October 25th. Citigroup cut 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. Robert W. Baird cut their target price on Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Finally, JPMorgan Chase & Co. cut their target price on Capri from $57.00 to $22.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. According to MarketBeat, Capri currently has an average rating of “Hold” and an average target price of $30.29.

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.