Cinctive Capital Management LP Sells 123,947 Shares of Capri Holdings Limited (NYSE:CPRI)

Cinctive Capital Management LP cut its holdings in Capri Holdings Limited (NYSE:CPRI - Free Report) by 41.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 175,048 shares of the company's stock after selling 123,947 shares during the quarter. Cinctive Capital Management LP owned 0.15% of Capri worth $3,687,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CPRI. Arizona State Retirement System raised its position in Capri by 1.8% during the fourth quarter. Arizona State Retirement System now owns 34,185 shares of the company's stock valued at $720,000 after purchasing an additional 596 shares during the period. Exchange Traded Concepts LLC increased its position in shares of Capri by 3.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 21,767 shares of the company's stock valued at $458,000 after purchasing an additional 643 shares during the last quarter. Xponance Inc. raised its holdings in Capri by 5.7% during the 4th quarter. Xponance Inc. now owns 14,056 shares of the company's stock valued at $296,000 after buying an additional 757 shares during the period. Sunbelt Securities Inc. bought a new stake in Capri in the third quarter worth $42,000. Finally, Quarry LP purchased a new position in Capri during the third quarter worth $53,000. Institutional investors own 84.34% of the company's stock.

Capri Stock Down 2.9 %

Shares of CPRI traded down $0.41 during midday trading on Tuesday, reaching $13.50. 1,735,726 shares of the stock were exchanged, compared to its average volume of 2,988,479. The company has a market capitalization of $1.59 billion, a P/E ratio of -1.58, a PEG ratio of 7.80 and a beta of 1.77. The company has a current ratio of 1.21, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36. Capri Holdings Limited has a 52 week low of $13.12 and a 52 week high of $44.11. The company's 50 day moving average is $21.26 and its two-hundred day moving average is $25.07.

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Capri (NYSE:CPRI - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate 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 in the prior year, the firm earned $1.20 EPS. On average, sell-side analysts anticipate that Capri Holdings Limited will post 0.98 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company increased their target price on shares of Capri from $28.00 to $30.00 and gave the company an "overweight" rating in a research note on Monday, January 27th. BMO Capital Markets raised shares of Capri from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $25.00 to $31.00 in a research note on Monday, January 6th. Telsey Advisory Group restated a "market perform" rating and set a $23.00 target price on shares of Capri in a research report on Wednesday, April 2nd. Bank of America initiated coverage on Capri in a report on Monday, February 10th. They issued a "neutral" rating and a $23.00 price target on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on Capri from $15.00 to $19.00 and gave the company a "neutral" rating in a report on Monday, December 16th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Capri presently has an average rating of "Hold" and a consensus target price of $25.92.

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.