Zurcher Kantonalbank Zurich Cantonalbank Sells 2,762 Shares of Capri Holdings Limited (NYSE:CPRI)

Zurcher Kantonalbank Zurich Cantonalbank reduced its position in shares of Capri Holdings Limited (NYSE:CPRI) by 11.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,227 shares of the company’s stock after selling 2,762 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Capri were worth $1,066,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Alpine Associates Management Inc. bought a new position in Capri during the 3rd quarter valued at about $128,347,000. Westchester Capital Management LLC bought a new position in Capri during the 3rd quarter valued at about $87,352,000. PSquared Asset Management AG bought a new position in Capri during the 3rd quarter valued at about $61,090,000. Segantii Capital Management Ltd bought a new position in Capri during the 3rd quarter valued at about $52,347,000. Finally, Tudor Investment Corp Et Al lifted its holdings in Capri by 149.1% during the 3rd quarter. Tudor Investment Corp Et Al now owns 774,974 shares of the company’s stock valued at $40,771,000 after purchasing an additional 463,914 shares during the last quarter. 84.34% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CPRI shares. Telsey Advisory Group lowered their price objective on shares of Capri from $57.00 to $42.00 and set a “market perform” rating for the company in a research report on Tuesday, April 23rd. StockNews.com started coverage on shares of Capri in a research report on Saturday, April 13th. They issued a “hold” rating for the company. Finally, OTR Global restated a “mixed” rating on shares of Capri in a research report on Wednesday, April 17th. Twelve research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $49.25.

Capri Stock Up 2.1 %

Shares of NYSE:CPRI opened at $35.54 on Friday. Capri Holdings Limited has a one year low of $34.17 and a one year high of $54.52. The company has a 50 day moving average of $43.81 and a 200-day moving average of $47.47. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.06 and a quick ratio of 0.49. The stock has a market cap of $4.14 billion, a price-to-earnings ratio of 19.97, a P/E/G ratio of 7.07 and a beta of 2.03.

Capri (NYSE:CPRI) last issued its quarterly earnings results on Thursday, February 8th. The company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.54). Capri had a return on equity of 25.79% and a net margin of 3.96%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the prior year, the firm earned $1.84 EPS. The firm’s quarterly revenue was down 5.6% compared to the same quarter last year. On average, sell-side analysts forecast that Capri Holdings Limited will post 3.8 earnings per share for the current year.

About Capri

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.