Capri Holdings Limited (NYSE:CPRI) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers decreased its position in Capri Holdings Limited (NYSE:CPRI) by 12.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,164 shares of the company’s stock after selling 6,610 shares during the quarter. Cetera Investment Advisers’ holdings in Capri were worth $911,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Royce & Associates LP acquired a new stake in shares of Capri in the first quarter valued at $5,437,000. Machina Capital S.A.S. lifted its holdings in shares of Capri by 3.2% during the first quarter. Machina Capital S.A.S. now owns 90,927 shares of the company’s stock valued at $1,794,000 after purchasing an additional 2,851 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich lifted its holdings in shares of Capri by 3.1% during the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 30,163 shares of the company’s stock valued at $595,000 after purchasing an additional 905 shares during the last quarter. Tabor Asset Management LP purchased a new stake in shares of Capri during the first quarter valued at $799,000. Finally, Allianz Asset Management GmbH lifted its holdings in shares of Capri by 77.4% during the first quarter. Allianz Asset Management GmbH now owns 755,835 shares of the company’s stock valued at $14,913,000 after purchasing an additional 329,879 shares during the last quarter. Institutional investors and hedge funds own 84.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CPRI shares. Telsey Advisory Group reaffirmed a “market perform” rating and set a $22.00 target price (up from $20.00) on shares of Capri in a report on Wednesday, August 6th. JPMorgan Chase & Co. upped their target price on Capri from $18.00 to $21.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Wall Street Zen raised Capri from a “sell” rating to a “hold” rating in a report on Saturday. Finally, UBS Group upped their target price on Capri from $18.00 to $23.00 and gave the company a “neutral” rating in a report on Thursday, August 7th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Capri presently has a consensus rating of “Hold” and a consensus target price of $23.33.

Capri Stock Up 0.9%

NYSE:CPRI opened at $19.59 on Wednesday. The firm has a market capitalization of $2.33 billion, a price-to-earnings ratio of -2.08, a PEG ratio of 0.41 and a beta of 1.72. Capri Holdings Limited has a 1-year low of $11.86 and a 1-year high of $43.34. The company has a current ratio of 1.17, a quick ratio of 0.61 and a debt-to-equity ratio of 3.97. The business’s fifty day moving average price is $18.38 and its 200 day moving average price is $18.71.

Capri (NYSE:CPRI) last posted its quarterly earnings results on Wednesday, August 6th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.37. The company had revenue of $797.00 million during the quarter, compared to the consensus estimate of $773.18 million. Capri had a negative return on equity of 53.50% and a negative net margin of 26.73%. The business’s quarterly revenue was down 6.0% on a year-over-year basis. During the same period last year, the business earned $0.04 EPS. On average, sell-side analysts forecast that Capri Holdings Limited will post 0.98 earnings per share for the current fiscal 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.