US Bancorp DE Lowers Holdings in Capri Holdings Limited (NYSE:CPRI)

US Bancorp DE reduced its stake in shares of Capri Holdings Limited (NYSE:CPRI) by 25.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 3,789 shares of the company’s stock after selling 1,308 shares during the period. US Bancorp DE’s holdings in Capri were worth $80,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CPRI. Sunbelt Securities Inc. acquired a new stake in Capri during the third quarter valued at $42,000. Quarry LP acquired a new stake in shares of Capri during the 3rd quarter valued at about $53,000. KBC Group NV increased its stake in shares of Capri by 63.9% in the 4th quarter. KBC Group NV now owns 5,039 shares of the company’s stock valued at $106,000 after purchasing an additional 1,965 shares in the last quarter. Avior Wealth Management LLC raised its holdings in Capri by 15.2% in the 3rd 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. Finally, LexAurum Advisors LLC purchased a new position in Capri during the fourth quarter worth approximately $211,000. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on CPRI. Telsey Advisory Group restated a “market perform” rating and issued a $23.00 price objective on shares of Capri in a research report on Thursday, February 20th. Barclays reduced their price objective on shares of Capri from $21.00 to $19.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Citigroup raised shares of Capri from a “neutral” rating to a “buy” rating and increased their price objective for the company from $21.00 to $29.00 in a report on Friday, January 10th. StockNews.com upgraded shares of Capri from a “sell” rating to a “hold” rating in a research report on Friday, February 7th. Finally, Jefferies Financial Group lifted their price objective on Capri from $20.00 to $23.00 and gave the stock a “hold” rating in a report on Tuesday, January 28th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $25.92.

Capri Stock Performance

NYSE CPRI opened at $21.40 on Tuesday. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.59 and a current ratio of 1.21. The stock’s fifty day moving average is $22.58 and its two-hundred day moving average is $27.10. The firm has a market capitalization of $2.52 billion, a P/E ratio of -2.50, a price-to-earnings-growth ratio of 7.80 and a beta of 2.10. Capri Holdings Limited has a fifty-two week low of $18.53 and a fifty-two week high of $46.91.

Capri (NYSE:CPRI) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.27). Capri had a negative net margin of 21.79% and a positive return on equity of 12.89%. During the same quarter last year, the firm posted $1.20 EPS. On average, research analysts anticipate that Capri Holdings Limited will post 0.98 earnings per share for the current 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.