Capri Holdings Limited (NYSE:CPRI) Stock Position Decreased by Creative Planning

Creative Planning decreased its position in Capri Holdings Limited (NYSE:CPRI) by 88.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,847 shares of the company’s stock after selling 139,649 shares during the quarter. Creative Planning’s holdings in Capri were worth $590,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System increased its stake in shares of Capri by 17.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 155,580 shares of the company’s stock worth $7,312,000 after purchasing an additional 23,294 shares during the last quarter. Nomura Holdings Inc. acquired a new position in Capri during the fourth quarter worth $1,533,000. Gabelli Funds LLC raised its holdings in Capri by 7.1% during the first quarter. Gabelli Funds LLC now owns 504,599 shares of the company’s stock valued at $22,858,000 after buying an additional 33,550 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of Capri in the first quarter worth about $1,283,000. Finally, California State Teachers Retirement System boosted its stake in shares of Capri by 116.8% during the 1st quarter. California State Teachers Retirement System now owns 267,131 shares of the company’s stock worth $12,101,000 after acquiring an additional 143,899 shares in the last quarter. Institutional investors and hedge funds own 84.34% of the company’s stock.

Analyst Ratings Changes

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

Capri Stock Performance

CPRI opened at $42.98 on Monday. The stock has a market cap of $5.01 billion, a PE ratio of -21.82, a P/E/G ratio of 7.08 and a beta of 1.97. Capri Holdings Limited has a 1 year low of $29.28 and a 1 year high of $52.06. The stock’s 50 day simple moving average is $36.95 and its 200-day simple moving average is $36.14. The company has a current ratio of 0.95, a quick ratio of 0.41 and a debt-to-equity ratio of 0.79.

Capri (NYSE:CPRI) last issued its earnings results on Thursday, August 8th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.16 billion. During the same quarter last year, the firm posted $0.74 earnings per share. Capri’s revenue was down 13.2% on a year-over-year basis. Sell-side analysts forecast that Capri Holdings Limited will post 2.12 EPS 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.