Capri Holdings Limited (NYSE:CPRI) Stake Reduced by Investors Research Corp

Investors Research Corp reduced its stake in shares of Capri Holdings Limited (NYSE:CPRI) by 4.8% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 20,869 shares of the company’s stock after selling 1,050 shares during the period. Investors Research Corp’s holdings in Capri were worth $440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Sunbelt Securities Inc. bought a new position in shares of Capri in the third quarter worth $42,000. Quarry LP bought a new position in shares of Capri in the third quarter worth $53,000. KBC Group NV grew its stake in shares of 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 in the last quarter. Avior Wealth Management LLC grew its stake in shares of 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 in the last quarter. Finally, US Bancorp DE grew its stake in shares of Capri by 164.1% in the third quarter. US Bancorp DE now owns 5,097 shares of the company’s stock worth $216,000 after purchasing an additional 3,167 shares in the last quarter. 84.34% of the stock is currently owned by institutional investors.

Capri Trading Down 8.7 %

NYSE:CPRI opened at $19.06 on Tuesday. The company has a quick ratio of 0.59, a current ratio of 1.21 and a debt-to-equity ratio of 1.36. Capri Holdings Limited has a 1-year low of $18.52 and a 1-year high of $46.97. The firm has a market capitalization of $2.25 billion, a price-to-earnings ratio of -2.23, a price-to-earnings-growth ratio of 7.80 and a beta of 2.10. The stock has a fifty day simple moving average of $22.64 and a 200 day simple moving average of $27.65.

Capri (NYSE:CPRI) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.27). Capri had a negative net margin of 21.79% and a positive return on equity of 12.89%. During the same period last year, the business posted $1.20 earnings per share. Sell-side analysts forecast that Capri Holdings Limited will post 0.98 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Bank of America assumed coverage on Capri in a research note on Monday, February 10th. They issued a “neutral” rating and a $23.00 price target for the company. Guggenheim reissued a “buy” rating and issued a $30.00 price target on shares of Capri in a research note on Wednesday, February 12th. Telsey Advisory Group reissued a “market perform” rating and issued a $23.00 price target on shares of Capri in a research note on Thursday, February 20th. Wells Fargo & Company raised their target price 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 raised Capri from a “sell” rating to a “hold” rating in a research note on Friday, February 7th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Capri currently has a consensus rating of “Hold” and an average 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.