Capri Holdings Limited (NYSE:CPRI) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC reduced its position in shares of Capri Holdings Limited (NYSE:CPRI) by 0.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,939,651 shares of the company’s stock after selling 2,494 shares during the quarter. Geode Capital Management LLC owned 1.65% of Capri worth $40,862,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in CPRI. Twin Tree Management LP purchased a new position in shares of Capri in the fourth quarter worth about $45,000. KBC Group NV boosted its holdings in Capri by 63.9% during the 4th quarter. KBC Group NV now owns 5,039 shares of the company’s stock valued at $106,000 after acquiring an additional 1,965 shares during the period. LexAurum Advisors LLC purchased a new position in Capri in the 4th quarter valued at approximately $211,000. L.M. Kohn & Company purchased a new position in shares of Capri in the 4th quarter valued at about $234,000. Finally, Quantinno Capital Management LP acquired a new position in Capri during the 3rd quarter worth approximately $260,000. 84.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Guggenheim reaffirmed a “buy” rating and set a $30.00 price objective on shares of Capri in a research report on Wednesday, February 12th. Jefferies Financial Group boosted their price target on shares of Capri from $20.00 to $23.00 and gave the stock a “hold” rating in a research note on Tuesday, January 28th. Wells Fargo & Company lowered their target price on Capri from $30.00 to $25.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. StockNews.com raised shares of Capri from a “sell” rating to a “hold” rating in a research note on Friday, February 7th. Finally, Bank of America started coverage on Capri in a report on Monday, February 10th. They issued a “neutral” rating and a $23.00 price target for the company. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Capri presently has an average rating of “Hold” and a consensus target price of $24.08.

Capri Trading Down 5.9 %

NYSE:CPRI opened at $13.56 on Wednesday. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of -1.59, a price-to-earnings-growth ratio of 7.80 and a beta of 1.77. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.59 and a current ratio of 1.21. The business’s 50-day simple moving average is $19.86 and its 200 day simple moving average is $23.99. Capri Holdings Limited has a one year low of $11.86 and a one year high of $43.34.

Capri (NYSE:CPRI) last posted its quarterly 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 negative net margin of 21.79% and a positive return on equity of 12.89%. During the same period last year, the business earned $1.20 EPS. As a group, sell-side analysts predict that Capri Holdings Limited will post 0.98 earnings per share for the current fiscal year.

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.