Gamco Investors INC. ET AL Sells 7,450 Shares of Capri Holdings Limited (NYSE:CPRI)

Gamco Investors INC. ET AL lessened its stake in Capri Holdings Limited (NYSE:CPRI) by 24.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 23,500 shares of the company’s stock after selling 7,450 shares during the period. Gamco Investors INC. ET AL’s holdings in Capri were worth $495,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Arizona State Retirement System grew its holdings in shares of Capri by 1.8% in the fourth quarter. Arizona State Retirement System now owns 34,185 shares of the company’s stock worth $720,000 after acquiring an additional 596 shares during the period. Exchange Traded Concepts LLC grew its stake in shares of Capri by 3.0% during the 4th 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 during the period. Xponance Inc. increased its position in shares of Capri by 5.7% during the 4th quarter. Xponance Inc. now owns 14,056 shares of the company’s stock valued at $296,000 after purchasing an additional 757 shares during the last quarter. KBC Group NV lifted its stake in shares of Capri by 63.9% in the 4th quarter. KBC Group NV now owns 5,039 shares of the company’s stock worth $106,000 after purchasing an additional 1,965 shares during the period. Finally, Twin Tree Management LP purchased a new position in shares of Capri in the fourth quarter worth approximately $45,000. 84.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CPRI shares. StockNews.com upgraded shares of Capri from a “sell” rating to a “hold” rating in a research report on Friday, February 7th. Jefferies Financial Group boosted their price target on Capri from $20.00 to $23.00 and gave the company a “hold” rating in a report on Tuesday, January 28th. Barclays decreased their price objective on Capri from $19.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 10th. BMO Capital Markets upgraded Capri from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $25.00 to $31.00 in a research note on Monday, January 6th. Finally, Citigroup upgraded shares of Capri from a “neutral” rating to a “buy” rating and raised their target price for the stock from $21.00 to $29.00 in a research note on Friday, January 10th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Capri has an average rating of “Hold” and a consensus price target of $24.08.

Capri Price Performance

Shares of NYSE:CPRI opened at $13.74 on Friday. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of -1.61, a P/E/G ratio of 7.80 and a beta of 1.77. The firm has a fifty day moving average price of $19.20 and a 200 day moving average price of $23.32. Capri Holdings Limited has a fifty-two week low of $11.86 and a fifty-two week high of $43.34. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.59 and a current ratio of 1.21.

Capri (NYSE:CPRI) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.45 EPS 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 quarter in the prior year, the company posted $1.20 EPS. As a group, sell-side analysts expect that Capri Holdings Limited will post 0.98 earnings per share for the current fiscal year.

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.