Capri Holdings Limited (NYSE:CPRI) Stake Reduced by ING Groep NV

ING Groep NV trimmed its holdings in Capri Holdings Limited (NYSE:CPRI) by 59.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 191,900 shares of the company’s stock after selling 281,500 shares during the quarter. ING Groep NV owned 0.16% of Capri worth $4,041,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Sunbelt Securities Inc. acquired a new stake in Capri during the third quarter valued at approximately $42,000. Quarry LP bought a new position in shares of Capri in the third quarter valued at $53,000. KBC Group NV lifted its position in shares of Capri by 26.9% during the 3rd quarter. KBC Group NV now owns 3,074 shares of the company’s stock valued at $130,000 after acquiring an additional 652 shares during the last quarter. Avior Wealth Management LLC boosted its stake in shares of Capri by 15.2% during the 3rd quarter. Avior Wealth Management LLC now owns 4,033 shares of the company’s stock worth $171,000 after acquiring an additional 533 shares in the last quarter. Finally, US Bancorp DE grew its holdings in shares of Capri by 164.1% in the 3rd quarter. US Bancorp DE now owns 5,097 shares of the company’s stock worth $216,000 after acquiring an additional 3,167 shares during the last quarter. Institutional investors own 84.34% of the company’s stock.

Wall Street Analyst Weigh In

CPRI has been the subject of a number of recent analyst reports. Bank of America began coverage on Capri in a research report on Monday, February 10th. They issued a “neutral” rating and a $23.00 price target for the company. Robert W. Baird decreased their target price on shares of Capri from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Friday, November 8th. StockNews.com upgraded shares of Capri from a “sell” rating to a “hold” rating in a report on Friday, February 7th. JPMorgan Chase & Co. upped their price target on shares of Capri from $15.00 to $19.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. Finally, BMO Capital Markets upgraded shares of Capri from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $25.00 to $31.00 in a research report on Monday, January 6th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $25.92.

Capri Stock Performance

Shares of NYSE CPRI opened at $21.36 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.21 and a quick ratio of 0.59. Capri Holdings Limited has a one year low of $18.70 and a one year high of $47.17. The business’s 50-day moving average price is $22.58 and its two-hundred day moving average price is $28.39. The company has a market capitalization of $2.52 billion, a P/E ratio of -2.50, a price-to-earnings-growth ratio of 7.80 and a beta of 2.06.

Capri (NYSE:CPRI) last announced its quarterly earnings results 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 period in the prior year, the firm posted $1.20 earnings per share. Analysts anticipate that Capri Holdings Limited will post 0.98 earnings per share for the current fiscal year.

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.