Capri Holdings Limited (NYSE:CPRI) Shares Sold by Vontobel Holding Ltd.

Vontobel Holding Ltd. lessened its position in Capri Holdings Limited (NYSE:CPRI) by 71.9% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 11,833 shares of the company’s stock after selling 30,305 shares during the period. Vontobel Holding Ltd.’s holdings in Capri were worth $502,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several equities research analysts have commented on CPRI shares. Citigroup lowered shares of Capri from a “buy” rating to a “neutral” rating and set a $41.00 target price on the stock. in a research report on Friday, September 13th. UBS Group lowered their target price on shares of Capri from $42.00 to $39.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 11th. StockNews.com downgraded shares of Capri from a “hold” rating to a “sell” rating in a research report on Tuesday, August 27th. Finally, Wells Fargo & Company cut Capri from an “overweight” rating to an “equal weight” rating and set a $42.00 price target on the stock. in a report on Thursday, October 17th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat, Capri has a consensus rating of “Hold” and a consensus price target of $40.40.

Capri Trading Up 0.2 %

Shares of CPRI opened at $42.07 on Tuesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.95 and a quick ratio of 0.41. Capri Holdings Limited has a 1-year low of $29.28 and a 1-year high of $51.73. The stock has a market cap of $4.91 billion, a price-to-earnings ratio of -21.36, a price-to-earnings-growth ratio of 7.08 and a beta of 1.97. The firm has a 50 day simple moving average of $38.28 and a 200-day simple moving average of $36.04.

Capri (NYSE:CPRI) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.55). The company had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.16 billion. Capri had a positive return on equity of 18.72% and a negative net margin of 5.81%. The business’s revenue was down 13.2% compared to the same quarter last year. During the same period last year, the firm earned $0.74 earnings per share. Equities analysts forecast that Capri Holdings Limited will post 2.12 EPS 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.