American International Group Inc. Trims Stock Position in Capri Holdings Limited (NYSE:CPRI)

American International Group Inc. cut its stake in shares of Capri Holdings Limited (NYSE:CPRIFree Report) by 4.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 156,961 shares of the company’s stock after selling 6,550 shares during the quarter. American International Group Inc. owned approximately 0.13% of Capri worth $7,886,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Vanguard Personalized Indexing Management LLC increased its holdings in Capri by 37.1% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 11,743 shares of the company’s stock valued at $618,000 after buying an additional 3,175 shares during the period. Pathstone Family Office LLC purchased a new position in Capri during the third quarter valued at approximately $315,000. Skandinaviska Enskilda Banken AB publ purchased a new position in Capri during the third quarter valued at approximately $2,262,000. EMC Capital Management purchased a new position in Capri during the third quarter valued at approximately $96,000. Finally, Systematic Alpha Investments LLC purchased a new position in Capri during the third quarter valued at approximately $204,000. 84.34% of the stock is owned by hedge funds and other institutional investors.

Capri Trading Down 0.2 %

CPRI opened at $33.90 on Monday. Capri Holdings Limited has a fifty-two week low of $32.95 and a fifty-two week high of $54.52. The company has a quick ratio of 0.44, a current ratio of 0.95 and a debt-to-equity ratio of 0.79. The company has a fifty day moving average of $37.27 and a two-hundred day moving average of $44.32.

Capri (NYSE:CPRIGet Free Report) last released its quarterly earnings data on Wednesday, May 29th. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.30). Capri had a negative net margin of 4.43% and a positive return on equity of 22.76%. The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the previous year, the firm posted $0.97 EPS. The firm’s quarterly revenue was down 8.4% on a year-over-year basis. As a group, analysts forecast that Capri Holdings Limited will post 3.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CPRI has been the subject of several recent analyst reports. OTR Global restated a “mixed” rating on shares of Capri in a research note on Wednesday, April 17th. StockNews.com initiated coverage on shares of Capri in a research note on Saturday, April 13th. They issued a “hold” rating for the company. Jefferies Financial Group lowered their target price on shares of Capri from $57.00 to $38.00 and set a “hold” rating for the company in a research note on Thursday, May 30th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $42.00 target price on shares of Capri in a research note on Thursday, May 30th. Twelve analysts have rated the stock with a hold rating, According to data from MarketBeat, Capri has an average rating of “Hold” and an average target price of $50.11.

Get Our Latest Report on Capri

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.

Featured Stories

Want to see what other hedge funds are holding CPRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capri Holdings Limited (NYSE:CPRIFree Report).

Institutional Ownership by Quarter for Capri (NYSE:CPRI)

Receive News & Ratings for Capri Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capri and related companies with MarketBeat.com's FREE daily email newsletter.