Capri Holdings Limited (NYSE:CPRI) Shares Sold by Bank of Montreal Can

Bank of Montreal Can lowered its holdings in Capri Holdings Limited (NYSE:CPRI) by 33.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 36,226 shares of the company’s stock after selling 18,183 shares during the period. Bank of Montreal Can’s holdings in Capri were worth $763,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the business. Twin Tree Management LP purchased a new stake in Capri during the 4th quarter worth about $45,000. Aster Capital Management DIFC Ltd acquired a new stake in Capri in the fourth quarter valued at approximately $74,000. KBC Group NV lifted its stake in Capri by 63.9% in the fourth quarter. KBC Group NV now owns 5,039 shares of the company’s stock worth $106,000 after acquiring an additional 1,965 shares during the last quarter. LexAurum Advisors LLC acquired a new position in Capri during the 4th quarter worth approximately $211,000. Finally, L.M. Kohn & Company purchased a new stake in shares of Capri in the 4th quarter valued at approximately $234,000. 84.34% of the stock is currently owned by institutional investors and hedge funds.

Capri Stock Up 3.5 %

CPRI opened at $13.74 on Friday. The business has a 50 day moving average price of $19.20 and a two-hundred day moving average price of $23.32. Capri Holdings Limited has a 52 week low of $11.86 and a 52 week high of $43.34. The company has a market cap of $1.62 billion, a PE ratio of -1.61, a P/E/G ratio of 7.80 and a beta of 1.77. The company has a quick ratio of 0.59, a current ratio of 1.21 and a debt-to-equity ratio of 1.36.

Capri (NYSE:CPRI) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates 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 quarter in the previous year, the business earned $1.20 earnings per share. As a group, research analysts anticipate that Capri Holdings Limited will post 0.98 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Bank of America assumed coverage on Capri in a report on Monday, February 10th. They issued a “neutral” rating and a $23.00 target price on the stock. Guggenheim restated a “buy” rating and set a $30.00 target price on shares of Capri in a research note on Wednesday, February 12th. Robert W. Baird dropped their price target on shares of Capri from $26.00 to $18.00 and set a “neutral” rating on the stock in a research note on Friday, April 11th. Barclays lowered their target price on shares of Capri from $19.00 to $13.00 and set an “equal weight” rating for the company in a report on Thursday, April 10th. Finally, Telsey Advisory Group reduced their price target on shares of Capri from $23.00 to $17.00 and set a “market perform” rating for the company in a research report on Friday, April 11th. Nine research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $24.08.

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.