Mutual of America Capital Management LLC Lowers Position in Capri Holdings Limited (NYSE:CPRI)

Mutual of America Capital Management LLC decreased its position in Capri Holdings Limited (NYSE:CPRI) by 2.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,276 shares of the company’s stock after selling 1,384 shares during the period. Mutual of America Capital Management LLC owned about 0.05% of Capri worth $1,312,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sunbelt Securities Inc. purchased a new stake in shares of Capri in the third quarter valued at about $42,000. Quarry LP purchased a new stake in shares of Capri in the third quarter valued at about $53,000. KBC Group NV boosted its holdings in shares of Capri by 63.9% in the fourth quarter. KBC Group NV now owns 5,039 shares of the company’s stock valued at $106,000 after acquiring an additional 1,965 shares in the last quarter. Avior Wealth Management LLC boosted its holdings in shares of Capri by 15.2% in the third quarter. Avior Wealth Management LLC now owns 4,033 shares of the company’s stock valued at $171,000 after acquiring an additional 533 shares in the last quarter. Finally, LexAurum Advisors LLC purchased a new stake in shares of Capri in the fourth quarter valued at about $211,000. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Capri Stock Down 3.8 %

Shares of NYSE CPRI opened at $20.89 on Friday. Capri Holdings Limited has a 12-month low of $18.70 and a 12-month high of $47.17. The company has a market capitalization of $2.46 billion, a PE ratio of -2.44, a price-to-earnings-growth ratio of 7.80 and a beta of 2.10. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.21 and a quick ratio of 0.59. The firm’s 50-day moving average is $22.64 and its two-hundred day moving average is $27.74.

Capri (NYSE:CPRI) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates 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 business posted $1.20 earnings per share. Equities analysts anticipate that Capri Holdings Limited will post 0.98 EPS for the current fiscal year.

Analysts Set New Price Targets

CPRI has been the topic of a number of research analyst reports. Citigroup raised shares of Capri from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $21.00 to $29.00 in a report on Friday, January 10th. TD Cowen decreased their price objective on shares of Capri from $57.00 to $22.00 and set a “hold” rating on the stock in a report on Friday, November 15th. Jefferies Financial Group boosted their price objective on shares of Capri from $20.00 to $23.00 and gave the stock a “hold” rating in a report on Tuesday, January 28th. Bank of America initiated coverage on shares of Capri in a report on Monday, February 10th. They set a “neutral” rating and a $23.00 price objective on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Capri from $15.00 to $19.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $25.92.

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.