Avory & Company LLC Trims Position in Capri Holdings Limited (NYSE:CPRI)

Avory & Company LLC decreased its position in Capri Holdings Limited (NYSE:CPRI - Free Report) by 27.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 180,307 shares of the company's stock after selling 69,609 shares during the quarter. Capri accounts for about 2.1% of Avory & Company LLC's holdings, making the stock its 12th biggest holding. Avory & Company LLC owned 0.15% of Capri worth $3,797,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. purchased a new stake in Capri during the third quarter worth approximately $42,000. Quarry LP acquired a new stake in Capri during the third quarter worth approximately $53,000. KBC Group NV lifted its position in shares of Capri by 26.9% during the 3rd quarter. KBC Group NV now owns 3,074 shares of the company's stock worth $130,000 after buying an additional 652 shares during the last quarter. Avior Wealth Management LLC boosted its holdings in shares of Capri by 15.2% in the 3rd quarter. Avior Wealth Management LLC now owns 4,033 shares of the company's stock valued at $171,000 after buying an additional 533 shares in the last quarter. Finally, US Bancorp DE grew its position in shares of Capri by 164.1% in the 3rd quarter. US Bancorp DE now owns 5,097 shares of the company's stock valued at $216,000 after buying an additional 3,167 shares during the last quarter. Hedge funds and other institutional investors own 84.34% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on CPRI. BMO Capital Markets upgraded Capri from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $25.00 to $31.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. increased their price target on shares of Capri from $15.00 to $19.00 and gave the stock a "neutral" rating in a research note on Monday, December 16th. Guggenheim reissued a "buy" rating and set a $30.00 price objective on shares of Capri in a research report on Wednesday, February 12th. Citigroup raised shares of Capri from a "neutral" rating to a "buy" rating and upped their target price for the company from $21.00 to $29.00 in a report on Friday, January 10th. Finally, TD Cowen lowered their price target on Capri from $57.00 to $22.00 and set a "hold" rating on the stock in a report on Friday, November 15th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Capri has an average rating of "Hold" and a consensus price target of $25.92.

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Capri Price Performance

Shares of CPRI stock traded down $1.83 during mid-day trading on Monday, reaching $19.06. The stock had a trading volume of 4,976,017 shares, compared to its average volume of 3,426,749. Capri Holdings Limited has a 12-month low of $18.52 and a 12-month high of $46.97. The company has a current ratio of 1.21, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36. The business has a 50-day simple moving average of $22.64 and a 200 day simple moving average of $27.65. The company has a market cap of $2.25 billion, a P/E ratio of -2.23, a price-to-earnings-growth ratio of 7.80 and a beta of 2.10.

Capri (NYSE:CPRI - Get Free Report) last announced its earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.72 by ($0.27). Capri had a positive return on equity of 12.89% and a negative net margin of 21.79%. During the same quarter last year, the firm posted $1.20 EPS. On average, sell-side analysts anticipate that Capri Holdings Limited will post 0.98 earnings per share for the current year.

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.