The Manufacturers Life Insurance Company Has $2.98 Million Position in Capri Holdings Limited (NYSE:CPRI)

The Manufacturers Life Insurance Company trimmed its position in shares of Capri Holdings Limited (NYSE:CPRI) by 4.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 70,290 shares of the company’s stock after selling 2,962 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.06% of Capri worth $2,983,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blair William & Co. IL boosted its position in Capri by 5.8% during the 2nd quarter. Blair William & Co. IL now owns 6,362 shares of the company’s stock worth $210,000 after buying an additional 350 shares during the period. Signaturefd LLC raised its stake in shares of Capri by 14.7% during the second quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock valued at $90,000 after acquiring an additional 351 shares during the last quarter. Avior Wealth Management LLC lifted its holdings in shares of Capri by 15.2% during the third quarter. Avior Wealth Management LLC now owns 4,033 shares of the company’s stock worth $171,000 after purchasing an additional 533 shares during the period. CWM LLC grew its stake 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 during the last quarter. Finally, KBC Group NV increased its holdings in Capri by 26.9% in the third quarter. KBC Group NV now owns 3,074 shares of the company’s stock valued at $130,000 after purchasing an additional 652 shares during the period. 84.34% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on CPRI. Wells Fargo & Company cut their target price on Capri from $42.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, October 25th. Telsey Advisory Group lowered their price objective on Capri from $26.00 to $23.00 and set a “market perform” rating for the company in a research report on Friday, November 15th. JPMorgan Chase & Co. reduced their target price on Capri from $57.00 to $22.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. TD Cowen lowered their price target 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. Finally, 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 report on Friday, September 13th. One investment 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $28.20.

Capri Stock Up 1.4 %

Capri stock opened at $22.29 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.93 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $2.63 billion, a PE ratio of -7.28, a PEG ratio of 4.90 and a beta of 2.05. The firm’s fifty day moving average is $29.28 and its 200 day moving average is $32.61. Capri Holdings Limited has a 12-month low of $18.70 and a 12-month high of $51.23.

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.