Cinctive Capital Management LP Sells 123,947 Shares of Capri Holdings Limited (NYSE:CPRI)

Cinctive Capital Management LP cut its holdings in shares of Capri Holdings Limited (NYSE:CPRI) by 41.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 175,048 shares of the company’s stock after selling 123,947 shares during the quarter. Cinctive Capital Management LP owned 0.15% of Capri worth $3,687,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Cerity Partners LLC lifted its stake in Capri by 41.7% in the third quarter. Cerity Partners LLC now owns 13,143 shares of the company’s stock worth $558,000 after purchasing an additional 3,869 shares during the last quarter. FMR LLC lifted its stake in shares of Capri by 389.2% in the 3rd quarter. FMR LLC now owns 2,858,480 shares of the company’s stock valued at $121,314,000 after acquiring an additional 2,274,149 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Capri by 76.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 321,834 shares of the company’s stock valued at $13,659,000 after acquiring an additional 139,063 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its holdings in Capri by 53.8% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 104,000 shares of the company’s stock valued at $4,414,000 after acquiring an additional 36,400 shares during the period. Finally, Itau Unibanco Holding S.A. grew its position in Capri by 27.0% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 7,000 shares of the company’s stock worth $297,000 after acquiring an additional 1,489 shares during the last quarter. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Capri Stock Performance

Capri stock opened at $19.65 on Thursday. Capri Holdings Limited has a fifty-two week low of $18.40 and a fifty-two week high of $45.70. The stock’s 50 day simple moving average is $21.89 and its two-hundred day simple moving average is $25.69. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.59 and a current ratio of 1.21. The stock has a market cap of $2.32 billion, a price-to-earnings ratio of -2.30, a PEG ratio of 7.80 and a beta of 2.10.

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 the consensus estimate 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 in the prior year, the business earned $1.20 EPS. As a group, analysts expect that Capri Holdings Limited will post 0.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Guggenheim reiterated a “buy” rating and issued a $30.00 price objective on shares of Capri in a research report on Wednesday, February 12th. Bank of America started coverage on shares of Capri in a report on Monday, February 10th. They set a “neutral” rating and a $23.00 price target for the company. BMO Capital Markets raised shares of Capri from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $25.00 to $31.00 in a report on Monday, January 6th. StockNews.com upgraded shares of Capri from a “sell” rating to a “hold” rating in a research report on Friday, February 7th. Finally, Wells Fargo & Company increased their target price on shares of Capri from $28.00 to $30.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. 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 data from MarketBeat, Capri has a consensus rating of “Hold” and an average price target of $25.92.

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.