PNC Financial Services Group Inc. Decreases Stock Position in Capri Holdings Limited (NYSE:CPRI)

PNC Financial Services Group Inc. lessened its stake in shares of Capri Holdings Limited (NYSE:CPRI) by 29.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 11,653 shares of the company’s stock after selling 4,821 shares during the period. PNC Financial Services Group Inc.’s holdings in Capri were worth $245,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Empowered Funds LLC increased its stake in Capri by 63.2% in the third quarter. Empowered Funds LLC now owns 23,941 shares of the company’s stock worth $1,016,000 after purchasing an additional 9,275 shares during the period. Avior Wealth Management LLC increased its stake in Capri by 15.2% in the third 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. Cerity Partners LLC increased its stake in Capri by 41.7% in the third quarter. Cerity Partners LLC now owns 13,143 shares of the company’s stock worth $558,000 after purchasing an additional 3,869 shares during the period. Senvest Management LLC purchased a new stake in Capri in the third quarter worth $6,610,000. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in Capri in the third quarter worth $224,000. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Capri Price Performance

Shares of NYSE CPRI opened at $20.23 on Friday. 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 company has a market cap of $2.38 billion, a PE ratio of -2.37, a P/E/G ratio of 7.80 and a beta of 2.10. The business has a 50-day simple moving average of $22.45 and a two-hundred day simple moving average of $26.64. Capri Holdings Limited has a fifty-two week low of $18.53 and a fifty-two week high of $46.09.

Capri (NYSE:CPRI) last issued 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 positive return on equity of 12.89% and a negative net margin of 21.79%. During the same period last year, the company posted $1.20 earnings per share. As a group, equities analysts expect that Capri Holdings Limited will post 0.98 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Barclays reduced their target price on Capri from $21.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. BMO Capital Markets upgraded Capri from a “market perform” rating to an “outperform” rating and raised their price target for the company from $25.00 to $31.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. raised their price target on Capri from $15.00 to $19.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. Wells Fargo & Company raised their price target on Capri from $28.00 to $30.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. Finally, StockNews.com upgraded Capri from a “sell” rating to a “hold” rating in a research note on Friday, February 7th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $25.92.

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.