Capri Holdings Limited (NYSE:CPRI) Shares Sold by Tidal Investments LLC

Tidal Investments LLC reduced its holdings in shares of Capri Holdings Limited (NYSE:CPRI) by 21.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 25,081 shares of the company’s stock after selling 6,687 shares during the quarter. Tidal Investments LLC’s holdings in Capri were worth $1,064,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in CPRI. Sunbelt Securities Inc. purchased a new stake in Capri during the 3rd quarter worth $42,000. Quarry LP purchased a new stake in shares of Capri in the third quarter worth about $53,000. Signaturefd LLC grew its stake in shares of Capri by 14.7% in the second quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock valued at $90,000 after buying an additional 351 shares in the last quarter. KBC Group NV raised its holdings in shares of Capri by 26.9% during the 3rd quarter. KBC Group NV now owns 3,074 shares of the company’s stock valued at $130,000 after buying an additional 652 shares during the period. Finally, CWM LLC lifted its position in Capri by 26.9% during the 3rd quarter. CWM LLC now owns 3,112 shares of the company’s stock worth $132,000 after acquiring an additional 660 shares in the last quarter. 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 analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Capri from $15.00 to $19.00 and gave the company a “neutral” rating in a research note on Monday. Telsey Advisory Group dropped their price target on shares of Capri from $26.00 to $23.00 and set a “market perform” rating on the stock in a research note on Friday, November 15th. Barclays reissued an “equal weight” rating and issued a $21.00 price objective on shares of Capri in a research report on Wednesday, November 20th. Guggenheim raised Capri from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Tuesday, November 26th. Finally, Citigroup cut Capri from a “buy” rating to a “neutral” rating and set a $41.00 price target on the stock. in a research note on Friday, September 13th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Capri has an average rating of “Hold” and an average target price of $27.90.

Capri Price Performance

Shares of CPRI opened at $20.98 on Friday. Capri Holdings Limited has a 52 week low of $18.70 and a 52 week high of $51.23. The company has a current ratio of 0.93, a quick ratio of 0.38 and a debt-to-equity ratio of 0.83. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of -6.86, a PEG ratio of 4.63 and a beta of 2.05. The stock has a 50 day moving average of $25.55 and a 200-day moving average of $31.82.

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.