Capri Holdings Limited (NYSE:CPRI) Holdings Lowered by Northern Financial Advisors Inc

Northern Financial Advisors Inc lowered its stake in Capri Holdings Limited (NYSE:CPRI) by 17.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,894 shares of the company’s stock after selling 2,026 shares during the quarter. Northern Financial Advisors Inc’s holdings in Capri were worth $208,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Pacer Advisors Inc. increased its position in shares of Capri by 22,554.7% in the fourth quarter. Pacer Advisors Inc. now owns 3,902,960 shares of the company’s stock worth $82,196,000 after acquiring an additional 3,885,732 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new position in Capri in the 4th quarter worth approximately $48,953,000. FMR LLC grew its position in Capri by 389.2% during the 3rd quarter. FMR LLC now owns 2,858,480 shares of the company’s stock worth $121,314,000 after purchasing an additional 2,274,149 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new stake in Capri during the 3rd quarter valued at $25,888,000. Finally, Primecap Management Co. CA raised its position in Capri by 14.2% during the third quarter. Primecap Management Co. CA now owns 4,140,755 shares of the company’s stock valued at $175,734,000 after buying an additional 515,963 shares during the period. Institutional investors and hedge funds own 84.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CPRI shares. Robert W. Baird cut their target price on shares of Capri from $24.00 to $23.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Guggenheim reaffirmed a “buy” rating and issued a $30.00 target price on shares of Capri in a research report on Wednesday. Barclays reduced their price target on Capri from $21.00 to $19.00 and set an “equal weight” rating for the company in a report on Thursday, February 6th. Telsey Advisory Group restated a “market perform” rating and issued a $23.00 price objective on shares of Capri in a report on Wednesday, February 5th. Finally, StockNews.com raised shares of Capri from a “sell” rating to a “hold” rating in a research report 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $25.92.

Capri Price Performance

NYSE CPRI opened at $22.71 on Friday. Capri Holdings Limited has a 1 year low of $18.70 and a 1 year high of $47.72. The company has a fifty day simple moving average of $22.55 and a 200 day simple moving average of $28.93. The company has a current ratio of 1.21, a quick ratio of 0.38 and a debt-to-equity ratio of 1.36. The company has a market cap of $2.68 billion, a P/E ratio of -2.66, a P/E/G ratio of 4.97 and a beta of 2.06.

Capri (NYSE:CPRI) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share (EPS) 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 quarter in the prior year, the firm earned $1.20 EPS. On average, sell-side analysts predict that Capri Holdings Limited will post 1.51 EPS for the current 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.