Bank of New York Mellon Corp Lowers Stock Holdings in Capri Holdings Limited (NYSE:CPRI)

Bank of New York Mellon Corp trimmed its position in Capri Holdings Limited (NYSE:CPRI - Free Report) by 4.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,383,049 shares of the company's stock after selling 71,630 shares during the quarter. Bank of New York Mellon Corp owned about 1.17% of Capri worth $29,127,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. purchased a new position in shares of Capri in the third quarter valued at about $42,000. Quarry LP purchased a new position in Capri in the 3rd quarter worth approximately $53,000. KBC Group NV boosted its stake in Capri by 63.9% in the 4th quarter. KBC Group NV now owns 5,039 shares of the company's stock worth $106,000 after purchasing an additional 1,965 shares during the period. Avior Wealth Management LLC boosted its stake in Capri by 15.2% in the 3rd quarter. Avior Wealth Management LLC now owns 4,033 shares of the company's stock worth $171,000 after purchasing an additional 533 shares during the period. Finally, LexAurum Advisors LLC purchased a new stake in Capri during the 4th quarter valued at approximately $211,000. Institutional investors own 84.34% of the company's stock.

Capri Trading Up 0.2 %

NYSE CPRI traded up $0.03 on Wednesday, hitting $19.51. 2,251,200 shares of the stock were exchanged, compared to its average volume of 3,414,077. Capri Holdings Limited has a 52-week low of $18.52 and a 52-week high of $46.97. The firm has a market capitalization of $2.30 billion, a P/E ratio of -2.28, a P/E/G ratio of 7.80 and a beta of 2.10. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.59 and a current ratio of 1.21. The stock has a fifty day moving average price of $22.58 and a two-hundred day moving average price of $27.42.

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Capri (NYSE:CPRI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.27). Capri had a negative net margin of 21.79% and a positive return on equity of 12.89%. During the same quarter in the prior year, the company earned $1.20 EPS. Research analysts forecast that Capri Holdings Limited will post 0.98 EPS for the current fiscal year.

Analyst Ratings Changes

CPRI has been the subject of a number of research reports. Barclays dropped their target price on shares of Capri from $21.00 to $19.00 and set an "equal weight" rating for the company in a research report on Thursday, February 6th. Jefferies Financial Group raised their price objective on Capri from $20.00 to $23.00 and gave the company a "hold" rating in a research report on Tuesday, January 28th. StockNews.com raised Capri from a "sell" rating to a "hold" rating in a report on Friday, February 7th. Guggenheim reissued a "buy" rating and set a $30.00 price target on shares of Capri in a research note on Wednesday, February 12th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $23.00 price objective on shares of Capri in a research note on Thursday, February 20th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $25.92.

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.