HighTower Advisors LLC Has $366,000 Stock Holdings in Capri Holdings Limited $CPRI

HighTower Advisors LLC lessened its stake in shares of Capri Holdings Limited (NYSE:CPRI) by 38.0% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 18,570 shares of the company’s stock after selling 11,380 shares during the quarter. HighTower Advisors LLC’s holdings in Capri were worth $366,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Farther Finance Advisors LLC lifted its stake in shares of Capri by 758.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,433 shares of the company’s stock worth $28,000 after buying an additional 1,266 shares during the last quarter. Banque Cantonale Vaudoise acquired a new stake in shares of Capri during the 1st quarter worth about $29,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Capri during the 1st quarter worth about $30,000. UMB Bank n.a. lifted its stake in shares of Capri by 134.9% during the 1st quarter. UMB Bank n.a. now owns 1,776 shares of the company’s stock worth $35,000 after buying an additional 1,020 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in shares of Capri by 139.6% during the 1st quarter. Fifth Third Bancorp now owns 2,343 shares of the company’s stock worth $46,000 after buying an additional 1,365 shares during the last quarter. Institutional investors and hedge funds own 84.34% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on CPRI shares. Zacks Research upgraded shares of Capri from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 26th. Telsey Advisory Group reiterated a “market perform” rating and issued a $22.00 price objective (up previously from $20.00) on shares of Capri in a research note on Wednesday, August 6th. JPMorgan Chase & Co. upgraded shares of Capri from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $21.00 to $30.00 in a research note on Wednesday, August 13th. UBS Group lifted their price objective on shares of Capri from $18.00 to $23.00 and gave the stock a “neutral” rating in a research note on Thursday, August 7th. Finally, Wall Street Zen upgraded shares of Capri from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Five investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, Capri currently has a consensus rating of “Hold” and a consensus price target of $24.08.

Capri Price Performance

Shares of NYSE:CPRI opened at $20.58 on Tuesday. The firm has a 50 day moving average of $19.45 and a 200-day moving average of $18.44. The stock has a market capitalization of $2.45 billion, a PE ratio of -2.19, a PEG ratio of 0.44 and a beta of 1.75. The company has a current ratio of 1.17, a quick ratio of 0.61 and a debt-to-equity ratio of 3.97. Capri Holdings Limited has a 12 month low of $11.86 and a 12 month high of $43.34.

Capri (NYSE:CPRI) last issued its earnings results on Wednesday, August 6th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.13 by $0.37. The company had revenue of $797.00 million during the quarter, compared to analysts’ expectations of $773.18 million. Capri had a negative net margin of 26.73% and a negative return on equity of 53.50%. The business’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.04 EPS. On average, equities research analysts predict that Capri Holdings Limited will post 0.98 EPS for the current fiscal year.

Capri Company 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.