Asset Dedication LLC Lowers Stake in Capri Holdings Limited (NYSE:CPRI)

Asset Dedication LLC decreased its position in shares of Capri Holdings Limited (NYSE:CPRI) by 3.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 12,540 shares of the company’s stock after selling 490 shares during the period. Asset Dedication LLC’s holdings in Capri were worth $532,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Quent Capital LLC grew its holdings in Capri by 171.8% in the 1st quarter. Quent Capital LLC now owns 1,120 shares of the company’s stock valued at $51,000 after buying an additional 708 shares during the period. Bessemer Group Inc. grew its holdings in Capri by 82.4% in the first quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock valued at $60,000 after purchasing an additional 601 shares during the period. EMC Capital Management increased its position in Capri by 32.7% during the first quarter. EMC Capital Management now owns 2,421 shares of the company’s stock worth $110,000 after purchasing an additional 596 shares during the last quarter. CWM LLC raised its stake in Capri by 35.2% during 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 period. Finally, Headlands Technologies LLC acquired a new position in shares of Capri in the 1st quarter valued at $117,000. Institutional investors and hedge funds own 84.34% of the company’s stock.

Analyst Ratings Changes

CPRI has been the topic of several research reports. StockNews.com lowered Capri from a “hold” rating to a “sell” rating in a research report on Tuesday, August 27th. UBS Group cut their price objective on Capri from $42.00 to $39.00 and set a “neutral” rating on the stock in a report on Wednesday, September 11th. Wells Fargo & Company decreased their target price on Capri from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Finally, Citigroup lowered 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $40.40.

Capri Stock Down 0.3 %

Shares of NYSE:CPRI opened at $42.91 on Thursday. The company has a market capitalization of $5.01 billion, a price-to-earnings ratio of -21.78, a price-to-earnings-growth ratio of 7.08 and a beta of 1.97. The company has a 50 day moving average of $37.38 and a two-hundred day moving average of $36.11. The company has a quick ratio of 0.41, a current ratio of 0.95 and a debt-to-equity ratio of 0.79. Capri Holdings Limited has a 52-week low of $29.28 and a 52-week high of $52.06.

Capri (NYSE:CPRI) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.55). Capri had a negative net margin of 5.81% and a positive return on equity of 18.72%. The firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the previous year, the company earned $0.74 earnings per share. The business’s quarterly revenue was down 13.2% on a year-over-year basis. As a group, analysts forecast that Capri Holdings Limited will post 2.12 earnings per share for the current fiscal year.

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.