HighTower Advisors LLC Sells 205,761 Shares of Capri Holdings Limited (NYSE:CPRI)

HighTower Advisors LLC reduced its position in Capri Holdings Limited (NYSE:CPRI - Free Report) by 87.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,950 shares of the company's stock after selling 205,761 shares during the quarter. HighTower Advisors LLC's holdings in Capri were worth $631,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CPRI. Dynamic Technology Lab Private Ltd bought a new position in shares of Capri during the 3rd quarter worth about $224,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Capri by 76.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 321,834 shares of the company's stock worth $13,659,000 after purchasing an additional 139,063 shares in the last quarter. Geode Capital Management LLC lifted its stake in Capri by 2.2% during the third quarter. Geode Capital Management LLC now owns 1,942,145 shares of the company's stock worth $82,446,000 after purchasing an additional 41,009 shares during the period. Rule One Partners LLC acquired a new stake in Capri during the third quarter valued at approximately $2,483,000. Finally, Oddo BHF Asset Management Sas bought a new stake in shares of Capri in the 3rd quarter valued at approximately $25,888,000. Institutional investors and hedge funds own 84.34% of the company's stock.

Capri Trading Up 1.5 %

NYSE:CPRI traded up $0.29 on Wednesday, reaching $19.65. The company's stock had a trading volume of 3,000,796 shares, compared to its average volume of 2,853,822. Capri Holdings Limited has a 1-year low of $18.53 and a 1-year high of $45.70. The business's 50-day moving average price is $21.89 and its two-hundred day moving average price is $25.69. The firm has a market cap of $2.32 billion, a PE ratio of -2.30, a PEG 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.

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Capri (NYSE:CPRI - Get Free Report) last posted its quarterly earnings data 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 firm earned $1.20 earnings per share. Equities research analysts anticipate that Capri Holdings Limited will post 0.98 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. JPMorgan Chase & Co. raised their target price on Capri from $15.00 to $19.00 and gave the stock a "neutral" rating in a research report on Monday, December 16th. Guggenheim reaffirmed a "buy" rating and issued a $30.00 target price on shares of Capri in a report on Wednesday, February 12th. Barclays cut their price target on shares of Capri from $21.00 to $19.00 and set an "equal weight" rating for the company in a report on Thursday, February 6th. StockNews.com raised shares of Capri from a "sell" rating to a "hold" rating in a research note on Friday, February 7th. Finally, Citigroup upgraded shares of Capri from a "neutral" rating to a "buy" rating and lifted their target price for the company from $21.00 to $29.00 in a research note on Friday, January 10th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Capri presently has a consensus 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.