Mutual of America Capital Management LLC Trims Stake in Capri Holdings Limited $CPRI

Mutual of America Capital Management LLC trimmed its holdings in shares of Capri Holdings Limited (NYSE:CPRI) by 3.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,637 shares of the company’s stock after selling 2,049 shares during the period. Mutual of America Capital Management LLC’s holdings in Capri were worth $1,038,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Capri in the first quarter worth about $30,000. Banque Cantonale Vaudoise purchased a new position in shares of Capri in the 1st quarter valued at about $29,000. Brooklyn Investment Group grew its stake in Capri by 267.3% in the 1st quarter. Brooklyn Investment Group now owns 2,351 shares of the company’s stock valued at $46,000 after acquiring an additional 1,711 shares during the period. CWM LLC increased its stake in shares of Capri by 37.2% during the second quarter. CWM LLC now owns 2,360 shares of the company’s stock worth $42,000 after purchasing an additional 640 shares in the last quarter. Finally, Pingora Partners LLC purchased a new position in shares of Capri in the 1st quarter valued at about $47,000. 84.34% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently commented on CPRI. Telsey Advisory Group reiterated a “market perform” rating and set a $22.00 target price (up previously from $20.00) on shares of Capri in a research report on Wednesday, August 6th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Capri in a report on Wednesday, October 8th. BTIG Research initiated coverage on shares of Capri in a research report on Tuesday, October 14th. They set a “buy” rating and a $30.00 target price for the company. UBS Group raised their price target 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, Zacks Research raised Capri from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 26th. Seven analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $24.43.

Capri Trading Up 1.2%

Shares of NYSE CPRI opened at $22.54 on Tuesday. The company has a quick ratio of 0.61, a current ratio of 1.17 and a debt-to-equity ratio of 3.97. Capri Holdings Limited has a 52-week low of $11.86 and a 52-week high of $26.23. The stock’s 50 day moving average price is $20.98 and its two-hundred day moving average price is $18.76. The stock has a market capitalization of $2.68 billion, a P/E ratio of -2.39, a PEG ratio of 0.47 and a beta of 1.82.

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