American International Group Inc. Sells 6,550 Shares of Capri Holdings Limited (NYSE:CPRI)

American International Group Inc. cut its position in shares of Capri Holdings Limited (NYSE:CPRI) by 4.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 156,961 shares of the company’s stock after selling 6,550 shares during the quarter. American International Group Inc. owned 0.13% of Capri worth $7,886,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Private Wealth Management Group LLC acquired a new position in Capri during the fourth quarter valued at approximately $25,000. Cerity Partners LLC lifted its holdings in Capri by 24.3% during the 4th quarter. Cerity Partners LLC now owns 5,295 shares of the company’s stock worth $266,000 after purchasing an additional 1,035 shares during the last quarter. U S Global Investors Inc. acquired a new stake in Capri during the 4th quarter worth approximately $75,000. Pekin Hardy Strauss Inc. lifted its holdings in Capri by 8.1% during the 4th quarter. Pekin Hardy Strauss Inc. now owns 21,612 shares of the company’s stock worth $1,086,000 after purchasing an additional 1,625 shares during the last quarter. Finally, GAM Holding AG lifted its holdings in Capri by 21.2% during the 4th quarter. GAM Holding AG now owns 12,000 shares of the company’s stock worth $603,000 after purchasing an additional 2,100 shares during the last quarter. 84.34% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CPRI has been the subject of several research reports. StockNews.com assumed coverage on Capri in a report on Saturday, April 13th. They set a “hold” rating for the company. Citigroup upgraded Capri from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $56.00 to $41.00 in a research note on Monday. Telsey Advisory Group restated a “market perform” rating and set a $42.00 price objective on shares of Capri in a research note on Thursday, May 30th. Jefferies Financial Group lowered their price objective on Capri from $57.00 to $38.00 and set a “hold” rating on the stock in a research note on Thursday, May 30th. Finally, OTR Global restated a “mixed” rating on shares of Capri in a research note on Wednesday, April 17th. Ten analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $49.50.

Capri Trading Down 0.8 %

Shares of CPRI opened at $31.73 on Thursday. The firm has a market cap of $3.70 billion, a price-to-earnings ratio of -16.11, a PEG ratio of 3.24 and a beta of 2.00. Capri Holdings Limited has a 52-week low of $31.42 and a 52-week high of $54.52. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.44 and a current ratio of 0.95. The business’s fifty day moving average is $35.35 and its 200-day moving average is $43.43.

Capri (NYSE:CPRI) last announced its earnings results on Wednesday, May 29th. The company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.30). Capri had a positive return on equity of 22.76% and a negative net margin of 4.43%. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the firm posted $0.97 earnings per share. The firm’s quarterly revenue was down 8.4% compared to the same quarter last year. Equities analysts anticipate that Capri Holdings Limited will post 3.45 EPS for the current fiscal year.

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.