Glenmede Trust Co. NA Trims Position in Capri Holdings Limited (NYSE:CPRI)

Glenmede Trust Co. NA cut its holdings in shares of Capri Holdings Limited (NYSE:CPRI) by 19.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,071 shares of the company’s stock after selling 3,170 shares during the period. Glenmede Trust Co. NA’s holdings in Capri were worth $555,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. CWM LLC grew its stake in 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. Signaturefd LLC grew its stake in Capri by 14.7% in the second quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock worth $90,000 after purchasing an additional 351 shares during the period. GAMMA Investing LLC grew its stake in Capri by 1,580.1% in the second quarter. GAMMA Investing LLC now owns 3,713 shares of the company’s stock worth $123,000 after purchasing an additional 3,492 shares during the period. KBC Group NV grew its stake in Capri by 26.9% in the third quarter. KBC Group NV now owns 3,074 shares of the company’s stock worth $130,000 after purchasing an additional 652 shares during the period. Finally, Avior Wealth Management LLC grew 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. 84.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CPRI has been the topic of several recent research reports. Barclays reaffirmed an “equal weight” rating and issued a $21.00 price target on shares of Capri in a research note on Wednesday, November 20th. StockNews.com cut Capri from a “hold” rating to a “sell” rating in a research note on Tuesday, August 27th. Wells Fargo & Company dropped their target price on Capri from $42.00 to $23.00 and set an “equal weight” rating on the stock in a report on Friday, October 25th. Guggenheim raised Capri from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. dropped their target price on Capri from $57.00 to $22.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $28.20.

Capri Trading Down 2.2 %

Shares of NYSE:CPRI opened at $22.86 on Wednesday. The company has a market cap of $2.69 billion, a P/E ratio of -7.47, a PEG ratio of 4.98 and a beta of 2.05. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.93 and a quick ratio of 0.38. Capri Holdings Limited has a 1 year low of $18.70 and a 1 year high of $51.23. The stock’s fifty day moving average price is $30.27 and its 200-day moving average price is $32.86.

Capri 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.