Marshall Wace LLP Sells 248,383 Shares of Capri Holdings Limited (NYSE:CPRI)

Marshall Wace LLP lowered its holdings in Capri Holdings Limited (NYSE:CPRI) by 28.6% in the second quarter, HoldingsChannel.com reports. The firm owned 621,470 shares of the company’s stock after selling 248,383 shares during the quarter. Marshall Wace LLP’s holdings in Capri were worth $20,558,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CPRI. Quent Capital LLC boosted its stake in shares of Capri by 171.8% in the first 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. raised its holdings in Capri by 82.4% in the 1st quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock valued at $60,000 after acquiring an additional 601 shares in the last quarter. Vima LLC bought a new stake in shares of Capri during the 4th quarter valued at $70,000. EMC Capital Management grew its holdings in shares of Capri by 32.7% during the 1st quarter. EMC Capital Management now owns 2,421 shares of the company’s stock worth $110,000 after purchasing an additional 596 shares in the last quarter. Finally, CWM LLC increased its position in shares of Capri by 35.2% in 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. Institutional investors and hedge funds own 84.34% of the company’s stock.

Wall Street Analyst Weigh In

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

Capri Trading Up 1.0 %

Shares of CPRI stock opened at $38.81 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 firm has a market capitalization of $4.57 billion, a P/E ratio of -19.70, a P/E/G ratio of 6.27 and a beta of 1.97. Capri Holdings Limited has a twelve month low of $29.28 and a twelve month high of $52.88. The stock’s fifty day simple moving average is $35.03 and its 200 day simple moving average is $36.56.

Capri (NYSE:CPRI) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.04 earnings per share (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 in the prior year, the company earned $0.74 EPS. The business’s quarterly revenue was down 13.2% compared to the same quarter last year. As a group, sell-side analysts predict that Capri Holdings Limited will post 2.12 EPS for the current fiscal 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.