Amalgamated Bank Sells 13,886 Shares of Capri Holdings Limited (NYSE:CPRI)

Amalgamated Bank cut its holdings in Capri Holdings Limited (NYSE:CPRI) by 17.3% in the second quarter, Holdings Channel.com reports. The fund owned 66,235 shares of the company’s stock after selling 13,886 shares during the quarter. Amalgamated Bank’s holdings in Capri were worth $2,191,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Signaturefd LLC lifted its stake in shares of Capri by 14.7% in the 2nd quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock valued at $90,000 after purchasing an additional 351 shares during the last quarter. EMC Capital Management raised its holdings in Capri by 32.7% during the first quarter. EMC Capital Management now owns 2,421 shares of the company’s stock valued at $110,000 after buying an additional 596 shares in the last quarter. Swiss National Bank lifted its position in shares of Capri by 0.3% in the first quarter. Swiss National Bank now owns 229,500 shares of the company’s stock worth $10,396,000 after buying an additional 600 shares during the last quarter. Bessemer Group Inc. boosted its stake in shares of Capri by 82.4% during the 1st quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock worth $60,000 after acquiring an additional 601 shares in the last quarter. Finally, CWM LLC increased its holdings in shares of Capri by 35.2% during the 2nd quarter. CWM LLC now owns 2,452 shares of the company’s stock valued at $81,000 after acquiring an additional 638 shares during the last quarter. 84.34% of the stock is owned by institutional investors.

Capri Stock Up 0.4 %

Shares of CPRI opened at $38.27 on Wednesday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.41 and a current ratio of 0.95. The company has a 50-day simple moving average of $34.87 and a 200-day simple moving average of $36.53. Capri Holdings Limited has a 52 week low of $29.28 and a 52 week high of $52.88. The firm has a market capitalization of $4.46 billion, a P/E ratio of -19.43, a P/E/G ratio of 6.66 and a beta of 1.97.

Capri (NYSE:CPRI) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.04 EPS 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 firm had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.16 billion. During the same period last year, the company earned $0.74 EPS. The company’s revenue was down 13.2% on a year-over-year basis. On average, equities research analysts expect that Capri Holdings Limited will post 2.12 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CPRI shares. Telsey Advisory Group restated a “market perform” rating and issued a $42.00 target price on shares of Capri in a report on Thursday, May 30th. Wells Fargo & Company decreased their price objective on shares of Capri from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Jefferies Financial Group dropped their target price on shares of Capri from $57.00 to $38.00 and set a “hold” rating on the stock in a report on Thursday, May 30th. Citigroup downgraded Capri from a “buy” rating to a “neutral” rating and set a $41.00 price target on the stock. in a research report on Friday, September 13th. Finally, StockNews.com cut Capri from a “hold” rating to a “sell” rating in a research report on Tuesday, August 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Capri has an average rating of “Hold” and an average target price of $40.40.

Capri Company 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.