Pacer Advisors Inc. Decreases Stock Position in Capri Holdings Limited (NYSE:CPRI)

Pacer Advisors Inc. lowered its position in shares of Capri Holdings Limited (NYSE:CPRI) by 2.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,505 shares of the company’s stock after selling 508 shares during the period. Pacer Advisors Inc.’s holdings in Capri were worth $579,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CPRI. Corient Private Wealth LLC acquired a new position in Capri in the 4th quarter worth $603,000. Hsbc Holdings PLC lifted its stake in shares of Capri by 187.6% in the fourth quarter. Hsbc Holdings PLC now owns 381,500 shares of the company’s stock worth $19,178,000 after acquiring an additional 248,862 shares in the last quarter. Allianz Asset Management GmbH lifted its stake in shares of Capri by 50.4% in the fourth quarter. Allianz Asset Management GmbH now owns 127,133 shares of the company’s stock worth $6,387,000 after acquiring an additional 42,605 shares in the last quarter. TFO Wealth Partners LLC boosted its holdings in Capri by 161,480.0% in the fourth quarter. TFO Wealth Partners LLC now owns 8,079 shares of the company’s stock valued at $406,000 after purchasing an additional 8,074 shares during the last quarter. Finally, Bank of Nova Scotia grew its stake in Capri by 3.3% during the 4th quarter. Bank of Nova Scotia now owns 612,536 shares of the company’s stock valued at $30,773,000 after purchasing an additional 19,400 shares in the last quarter. 84.34% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CPRI has been the subject of several research analyst reports. Wells Fargo & Company reduced their target price on Capri from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. StockNews.com lowered shares of Capri from a “hold” rating to a “sell” rating in a report on Tuesday, August 27th. Citigroup lowered shares of Capri from a “buy” rating to a “neutral” rating and set a $41.00 target price on the stock. in a research note on Friday, September 13th. Finally, UBS Group decreased their price target on Capri from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Wednesday, September 11th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $40.40.

Capri Price Performance

CPRI opened at $39.47 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.95 and a debt-to-equity ratio of 0.79. The company’s 50-day moving average price is $35.15 and its 200 day moving average price is $36.51. Capri Holdings Limited has a fifty-two week low of $29.28 and a fifty-two week high of $52.88. The firm has a market cap of $4.60 billion, a price-to-earnings ratio of -20.04, a price-to-earnings-growth ratio of 6.27 and a beta of 1.97.

Capri (NYSE:CPRI) last posted its earnings results on Thursday, August 8th. The company reported $0.04 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $1.16 billion. During the same period in the previous year, the firm earned $0.74 earnings per share. The company’s revenue for the quarter was down 13.2% on a year-over-year basis. As a group, sell-side analysts expect that Capri Holdings Limited will post 2.12 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.