Capri Holdings Limited (NYSE:CPRI) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its position in shares of Capri Holdings Limited (NYSE:CPRI) by 4.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 63,660 shares of the company’s stock after selling 3,081 shares during the period. Mutual of America Capital Management LLC owned 0.05% of Capri worth $2,702,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bessemer Group Inc. increased its stake in Capri by 82.4% in the first quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock valued at $60,000 after purchasing an additional 601 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Capri by 6.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 58,222 shares of the company’s stock worth $2,638,000 after buying an additional 3,540 shares during the last quarter. Blackstone Inc. increased its position in Capri by 142.0% in the 1st quarter. Blackstone Inc. now owns 27,230 shares of the company’s stock valued at $1,234,000 after acquiring an additional 15,977 shares during the period. Black Maple Capital Management LP raised its stake in Capri by 260.0% during the 1st quarter. Black Maple Capital Management LP now owns 18,000 shares of the company’s stock valued at $815,000 after acquiring an additional 13,000 shares during the last quarter. Finally, Bayesian Capital Management LP acquired a new stake in Capri during the 1st quarter worth approximately $245,000. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Capri Stock Performance

Shares of CPRI stock opened at $20.48 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.38 and a current ratio of 0.93. The stock has a market cap of $2.41 billion, a PE ratio of -6.69, a P/E/G ratio of 4.20 and a beta of 2.05. Capri Holdings Limited has a 1 year low of $18.70 and a 1 year high of $51.23. The stock has a fifty day moving average price of $32.47 and a 200 day moving average price of $33.55.

Analyst Ratings Changes

A number of research firms have recently issued reports on CPRI. Robert W. Baird dropped their target price on Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. StockNews.com cut shares of Capri from a “hold” rating to a “sell” rating in a research note on Tuesday, August 27th. UBS Group cut their price target on shares of Capri from $42.00 to $39.00 and set a “neutral” rating for the company in a report on Wednesday, September 11th. Telsey Advisory Group cut their target price on Capri from $26.00 to $23.00 and set a “market perform” rating for the company in a research note on Friday, November 15th. Finally, JPMorgan Chase & Co. decreased their price target on Capri from $57.00 to $22.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating and nine have given a hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $28.00.

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.