Bank of Montreal Can trimmed its position in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) by 38.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,409 shares of the company's stock after selling 33,749 shares during the period. Bank of Montreal Can's holdings in Capri were worth $2,148,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of CPRI. CWM LLC grew its stake in Capri by 35.2% during the second quarter. CWM LLC now owns 2,452 shares of the company's stock valued at $81,000 after acquiring an additional 638 shares in the last quarter. Signaturefd LLC grew its stake in Capri by 14.7% during the second quarter. Signaturefd LLC now owns 2,734 shares of the company's stock valued at $90,000 after acquiring an additional 351 shares in the last quarter. KBC Group NV grew its stake in Capri by 26.9% during the third quarter. KBC Group NV now owns 3,074 shares of the company's stock valued at $130,000 after acquiring an additional 652 shares in the last quarter. Avior Wealth Management LLC grew its stake in Capri by 15.2% during the third quarter. Avior Wealth Management LLC now owns 4,033 shares of the company's stock valued at $171,000 after acquiring an additional 533 shares in the last quarter. Finally, Itau Unibanco Holding S.A. purchased a new position in Capri during the second quarter valued at $182,000. 84.34% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
CPRI has been the subject of several research analyst reports. Robert W. Baird cut their target price on shares of Capri from $24.00 to $23.00 and set a "neutral" rating for the company in a research note on Friday, November 8th. Telsey Advisory Group dropped their price objective on shares of Capri from $26.00 to $23.00 and set a "market perform" rating for the company in a research note on Friday, November 15th. Guggenheim raised shares of Capri from a "neutral" rating to a "buy" rating and set a $30.00 price objective for the company in a research note on Tuesday, November 26th. TD Cowen dropped their price objective on shares of Capri from $57.00 to $22.00 and set a "hold" rating for the company in a research note on Friday, November 15th. Finally, Barclays reissued an "equal weight" rating and issued a $21.00 price objective on shares of Capri in a research note on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $28.20.
Check Out Our Latest Analysis on CPRI
Capri Trading Up 1.4 %
Shares of CPRI stock traded up $0.31 during trading hours on Friday, reaching $22.29. 3,650,759 shares of the stock were exchanged, compared to its average volume of 2,177,693. Capri Holdings Limited has a 12-month low of $18.70 and a 12-month 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 company's 50-day moving average price is $29.62 and its 200-day moving average price is $32.72. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of -7.18, a price-to-earnings-growth ratio of 4.87 and a beta of 2.05.
About Capri
(
Free Report)
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.
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