Wealthfront Advisers LLC Sells 568 Shares of Capri Holdings Limited (NYSE:CPRI)

Wealthfront Advisers LLC trimmed its stake in Capri Holdings Limited (NYSE:CPRI) by 1.1% during the 4th quarter, HoldingsChannel reports. The fund owned 52,066 shares of the company’s stock after selling 568 shares during the quarter. Wealthfront Advisers LLC’s holdings in Capri were worth $1,097,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Avior Wealth Management LLC lifted its holdings in shares of Capri by 15.2% during the third quarter. Avior Wealth Management LLC now owns 4,033 shares of the company’s stock valued at $171,000 after purchasing an additional 533 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of Capri by 1.8% during the fourth quarter. Arizona State Retirement System now owns 34,185 shares of the company’s stock valued at $720,000 after purchasing an additional 596 shares in the last quarter. Exchange Traded Concepts LLC lifted its holdings in shares of Capri by 3.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 21,767 shares of the company’s stock valued at $458,000 after purchasing an additional 643 shares in the last quarter. KBC Group NV lifted its holdings in shares of Capri by 26.9% during the third quarter. KBC Group NV now owns 3,074 shares of the company’s stock valued at $130,000 after purchasing an additional 652 shares in the last quarter. Finally, Sunbelt Securities Inc. bought a new position in shares of Capri during the third quarter valued at $42,000. 84.34% of the stock is owned by institutional investors.

Capri Stock Performance

NYSE:CPRI opened at $21.49 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36. Capri Holdings Limited has a 12-month low of $18.53 and a 12-month high of $46.91. The stock has a 50-day moving average price of $22.58 and a 200 day moving average price of $27.17. The stock has a market capitalization of $2.53 billion, a P/E ratio of -2.51, a P/E/G ratio of 7.80 and a beta of 2.10.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on CPRI shares. JPMorgan Chase & Co. upped their price target on Capri from $15.00 to $19.00 and gave the company a “neutral” rating in a report on Monday, December 16th. Bank of America assumed coverage on Capri in a report on Monday, February 10th. They issued a “neutral” rating and a $23.00 target price on the stock. Jefferies Financial Group increased their target price on Capri from $20.00 to $23.00 and gave the company a “hold” rating in a report on Tuesday, January 28th. StockNews.com raised Capri from a “sell” rating to a “hold” rating in a report on Friday, February 7th. Finally, Guggenheim reissued a “buy” rating and issued a $30.00 target price on shares of Capri in a report on Wednesday, February 12th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Capri has an average rating of “Hold” and an average target price of $25.92.

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.