Capri Holdings Limited (NYSE:CPRI) Shares Sold by Pekin Hardy Strauss Inc.

Pekin Hardy Strauss Inc. trimmed its holdings in shares of Capri Holdings Limited (NYSE:CPRI) by 17.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 37,764 shares of the company’s stock after selling 7,760 shares during the period. Pekin Hardy Strauss Inc.’s holdings in Capri were worth $1,603,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Primecap Management Co. CA increased its holdings in Capri by 14.2% in the 3rd quarter. Primecap Management Co. CA now owns 4,140,755 shares of the company’s stock worth $175,734,000 after acquiring an additional 515,963 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Capri by 4.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,587,602 shares of the company’s stock worth $52,514,000 after purchasing an additional 68,081 shares during the last quarter. Baupost Group LLC MA purchased a new position in Capri in the 2nd quarter valued at about $33,080,000. Samlyn Capital LLC boosted its holdings in Capri by 8.3% in the 2nd quarter. Samlyn Capital LLC now owns 795,258 shares of the company’s stock worth $26,307,000 after buying an additional 61,232 shares during the last quarter. Finally, DME Capital Management LP acquired a new stake in Capri in the 2nd quarter worth about $22,652,000. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. UBS Group decreased their target price on Capri from $42.00 to $39.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 11th. Wells Fargo & Company decreased their price objective on Capri from $42.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, October 25th. TD Cowen dropped their target price on shares of Capri from $57.00 to $22.00 and set a “hold” rating for the company in a report on Friday, November 15th. Citigroup downgraded shares of Capri from a “buy” rating to a “neutral” rating and set a $41.00 price target on the stock. in a research note on Friday, September 13th. Finally, Robert W. Baird lowered their price target on shares of Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating and nine have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $28.00.

Capri Price Performance

Capri stock opened at $20.48 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.38 and a debt-to-equity ratio of 0.83. The stock has a market cap of $2.41 billion, a P/E ratio of -6.69, a PEG ratio of 4.20 and a beta of 2.05. The company has a 50-day moving average price of $32.47 and a 200 day moving average price of $33.55. Capri Holdings Limited has a 12-month low of $18.70 and a 12-month high of $51.23.

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.