Victory Capital Management Inc. Cuts Stock Holdings in Capri Holdings Limited (NYSE:CPRI)

Victory Capital Management Inc. trimmed its position in shares of Capri Holdings Limited (NYSE:CPRI) by 6.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,284 shares of the company’s stock after selling 1,514 shares during the quarter. Victory Capital Management Inc.’s holdings in Capri were worth $946,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CPRI. Baupost Group LLC MA purchased a new position in shares of Capri during the 2nd quarter valued at approximately $33,080,000. DME Capital Management LP acquired a new stake in Capri in the 2nd quarter valued at $22,652,000. Clearline Capital LP acquired a new stake in Capri in the 2nd quarter valued at $9,362,000. Swedbank AB acquired a new stake in Capri in the 1st quarter valued at $8,401,000. Finally, California State Teachers Retirement System grew its stake in Capri by 116.8% in the 1st quarter. California State Teachers Retirement System now owns 267,131 shares of the company’s stock valued at $12,101,000 after acquiring an additional 143,899 shares during the period. 84.34% of the stock is owned by hedge funds and other institutional investors.

Capri Trading Up 3.1 %

Shares of CPRI stock opened at $23.54 on Thursday. The company’s 50-day moving average price is $31.78 and its 200-day moving average price is $33.31. 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 $2.78 billion, a price-to-earnings ratio of -7.53, a PEG ratio of 4.59 and a beta of 2.05. Capri Holdings Limited has a twelve month low of $18.70 and a twelve month high of $51.23.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on CPRI shares. Guggenheim raised shares of Capri from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Tuesday. TD Cowen dropped their price target on shares of Capri from $57.00 to $22.00 and set a “hold” rating on the stock in a research note on Friday, November 15th. Citigroup cut 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. UBS Group dropped their price target on shares of Capri from $42.00 to $39.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 11th. Finally, Telsey Advisory Group lowered their target price on shares of Capri from $26.00 to $23.00 and set a “market perform” rating on the stock in a research note on Friday, November 15th. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Capri currently has an average rating of “Hold” and an average target price of $28.20.

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.