SG Americas Securities LLC Has $400,000 Stock Holdings in Capri Holdings Limited (NYSE:CPRI)

SG Americas Securities LLC lessened its stake in shares of Capri Holdings Limited (NYSE:CPRI) by 66.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,000 shares of the company’s stock after selling 37,437 shares during the quarter. SG Americas Securities LLC’s holdings in Capri were worth $400,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Primecap Management Co. CA grew its stake in shares of Capri by 14.2% in the third quarter. Primecap Management Co. CA now owns 4,140,755 shares of the company’s stock worth $175,734,000 after purchasing an additional 515,963 shares during the last quarter. FMR LLC grew its position in shares of Capri by 389.2% in the 3rd quarter. FMR LLC now owns 2,858,480 shares of the company’s stock valued at $121,314,000 after buying an additional 2,274,149 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Capri by 2.2% in the third quarter. Geode Capital Management LLC now owns 1,942,145 shares of the company’s stock valued at $82,446,000 after buying an additional 41,009 shares during the period. Oddo BHF Asset Management Sas bought a new position in shares of Capri during the third quarter worth about $25,888,000. Finally, ING Groep NV lifted its stake in shares of Capri by 6.5% in the third quarter. ING Groep NV now owns 473,400 shares of the company’s stock worth $20,091,000 after acquiring an additional 29,000 shares during the period. 84.34% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on CPRI shares. Guggenheim upgraded Capri from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a report on Tuesday, November 26th. Telsey Advisory Group reiterated a “market perform” rating and set a $23.00 target price on shares of Capri in a research report on Wednesday, January 29th. Barclays restated an “equal weight” rating and issued a $21.00 price target on shares of Capri in a report on Wednesday, November 20th. JPMorgan Chase & Co. upped their price objective on shares of Capri from $15.00 to $19.00 and gave the company a “neutral” rating in a report on Monday, December 16th. Finally, TD Cowen reduced their target price on Capri from $57.00 to $22.00 and set a “hold” rating for the company in a research note on Friday, November 15th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $26.36.

Capri Stock Performance

Shares of CPRI opened at $24.82 on Monday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.38 and a current ratio of 0.93. The stock has a market capitalization of $2.93 billion, a price-to-earnings ratio of -8.11, a price-to-earnings-growth ratio of 5.67 and a beta of 2.06. Capri Holdings Limited has a 52-week low of $18.70 and a 52-week high of $49.20. The stock’s 50-day simple moving average is $22.64 and its 200 day simple moving average is $29.53.

Capri (NYSE:CPRI) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.09). The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.17 billion. Capri had a negative net margin of 7.44% and a positive return on equity of 16.54%. During the same quarter last year, the firm earned $1.13 earnings per share. Research analysts forecast that Capri Holdings Limited will post 1.57 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.