Capri Holdings Limited (NYSE:CPRI) Position Reduced by Asset Dedication LLC

Asset Dedication LLC lowered its stake in Capri Holdings Limited (NYSE:CPRI) by 3.8% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 12,540 shares of the company’s stock after selling 490 shares during the period. Asset Dedication LLC’s holdings in Capri were worth $532,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Baupost Group LLC MA acquired a new position in Capri in the second quarter worth about $33,080,000. DME Capital Management LP acquired a new position in shares of Capri in the 2nd quarter worth approximately $22,652,000. Khrom Capital Management LLC bought a new stake in shares of Capri in the 1st quarter valued at approximately $17,681,000. Absolute Gestao de Investimentos Ltda. bought a new stake in shares of Capri in the 1st quarter valued at approximately $13,008,000. Finally, Clearline Capital LP acquired a new stake in shares of Capri during the 2nd quarter valued at approximately $9,362,000. Institutional investors and hedge funds own 84.34% of the company’s stock.

Capri Stock Down 0.3 %

CPRI stock opened at $42.91 on Thursday. The stock has a market cap of $5.01 billion, a PE ratio of -21.78, a price-to-earnings-growth ratio of 7.08 and a beta of 1.97. The firm’s 50-day simple moving average is $37.38 and its 200 day simple moving average is $36.11. Capri Holdings Limited has a fifty-two week low of $29.28 and a fifty-two week high of $52.06. The company has a quick ratio of 0.41, a current ratio of 0.95 and a debt-to-equity ratio of 0.79.

Capri (NYSE:CPRI) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.55). The firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.16 billion. Capri had a negative net margin of 5.81% and a positive return on equity of 18.72%. Capri’s revenue for the quarter was down 13.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.74 EPS. As a group, sell-side analysts predict that Capri Holdings Limited will post 2.12 EPS for the current year.

Analyst Upgrades and Downgrades

CPRI has been the subject of several recent research reports. UBS Group lowered their target price on shares of Capri from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Wednesday, September 11th. StockNews.com lowered shares of Capri from a “hold” rating to a “sell” rating in a research note on Tuesday, August 27th. Citigroup downgraded Capri from a “buy” rating to a “neutral” rating and set a $41.00 target price for the company. in a research note on Friday, September 13th. Finally, Wells Fargo & Company lowered their target price on Capri from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Capri presently has a consensus rating of “Hold” and a consensus price target of $40.40.

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.