Capri Holdings Limited (NYSE:CPRI) Stake Trimmed by Bank of Montreal Can

Bank of Montreal Can cut its position in shares of Capri Holdings Limited (NYSE:CPRI) by 38.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 54,409 shares of the company’s stock after selling 33,749 shares during the quarter. Bank of Montreal Can’s holdings in Capri were worth $2,148,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. CWM LLC lifted its position in shares of Capri by 35.2% in the second quarter. CWM LLC now owns 2,452 shares of the company’s stock worth $81,000 after purchasing an additional 638 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Capri by 50.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 8,399 shares of the company’s stock valued at $278,000 after acquiring an additional 2,806 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of Capri by 12.2% in the second quarter. Nisa Investment Advisors LLC now owns 6,485 shares of the company’s stock worth $215,000 after acquiring an additional 705 shares during the last quarter. Calamos Advisors LLC raised its holdings in shares of Capri by 6.2% during the second quarter. Calamos Advisors LLC now owns 659,298 shares of the company’s stock worth $21,810,000 after acquiring an additional 38,343 shares in the last quarter. Finally, GAM Holding AG boosted its position in Capri by 20.0% during the second quarter. GAM Holding AG now owns 18,000 shares of the company’s stock valued at $595,000 after purchasing an additional 3,000 shares during the last quarter. Institutional investors and hedge funds own 84.34% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company reduced their price target on Capri from $42.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, October 25th. 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 report on Friday, September 13th. StockNews.com cut shares of Capri from a “hold” rating to a “sell” rating in a report on Tuesday, August 27th. UBS Group cut their target price on Capri from $42.00 to $39.00 and set a “neutral” rating on the stock in a report on Wednesday, September 11th. Finally, Telsey Advisory Group decreased their price target on Capri from $26.00 to $23.00 and set a “market perform” rating for the company in a research note on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $28.20.

Capri Trading Down 4.5 %

Shares of Capri stock opened at $21.98 on Friday. Capri Holdings Limited has a 1 year low of $18.70 and a 1 year high of $51.23. The company’s fifty day simple moving average is $29.62 and its 200-day simple moving average is $32.72. The company has a market cap of $2.59 billion, a price-to-earnings ratio of -7.18, a PEG ratio of 4.87 and a beta of 2.05. The company has a current ratio of 0.93, a quick ratio of 0.38 and a debt-to-equity ratio of 0.83.

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.