Federated Hermes Inc. Has $554,000 Holdings in Capri Holdings Limited (NYSE:CPRI)

Federated Hermes Inc. decreased its stake in Capri Holdings Limited (NYSE:CPRI) by 44.0% during the 4th quarter, HoldingsChannel reports. The fund owned 11,031 shares of the company’s stock after selling 8,683 shares during the period. Federated Hermes Inc.’s holdings in Capri were worth $554,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of CPRI. Fifth Third Bancorp raised its holdings in Capri by 34.0% in the 3rd quarter. Fifth Third Bancorp now owns 1,735 shares of the company’s stock valued at $91,000 after acquiring an additional 440 shares in the last quarter. M&T Bank Corp increased its position in shares of Capri by 9.0% during the third quarter. M&T Bank Corp now owns 8,683 shares of the company’s stock valued at $457,000 after purchasing an additional 716 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Capri by 9.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,279 shares of the company’s stock valued at $593,000 after purchasing an additional 1,012 shares in the last quarter. Cerity Partners LLC lifted its position in Capri by 24.3% in the fourth quarter. Cerity Partners LLC now owns 5,295 shares of the company’s stock worth $266,000 after purchasing an additional 1,035 shares during the period. Finally, SG Americas Securities LLC boosted its stake in Capri by 27.8% during the third quarter. SG Americas Securities LLC now owns 5,417 shares of the company’s stock worth $285,000 after buying an additional 1,177 shares in the last quarter. Institutional investors own 84.34% of the company’s stock.

Capri Stock Up 1.7 %

Shares of CPRI opened at $35.68 on Friday. The business’s 50 day simple moving average is $42.68 and its 200-day simple moving average is $46.94. Capri Holdings Limited has a one year low of $34.17 and a one year high of $54.52. The company has a market capitalization of $4.16 billion, a P/E ratio of 20.05, a PEG ratio of 7.16 and a beta of 2.08. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.06 and a quick ratio of 0.49.

Capri (NYSE:CPRI) last posted its quarterly earnings data on Thursday, February 8th. The company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.48 billion. During the same period in the prior year, the firm posted $1.84 EPS. Capri’s revenue for the quarter was down 5.6% compared to the same quarter last year. As a group, sell-side analysts predict that Capri Holdings Limited will post 3.8 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.