Unigestion Holding SA Decreases Position in Capri Holdings Ltd (NYSE:CPRI)

Unigestion Holding SA cut its stake in shares of Capri Holdings Ltd (NYSE:CPRI) by 39.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 650,404 shares of the company’s stock after selling 417,219 shares during the period. Unigestion Holding SA owned 0.43% of Capri worth $21,567,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of CPRI. ARGA Investment Management LP raised its position in Capri by 3,411.0% during the third quarter. ARGA Investment Management LP now owns 3,791,557 shares of the company’s stock valued at $125,728,000 after purchasing an additional 3,683,565 shares during the period. Invesco Ltd. raised its position in Capri by 53.7% during the second quarter. Invesco Ltd. now owns 9,323,185 shares of the company’s stock valued at $323,328,000 after purchasing an additional 3,257,281 shares during the period. Nuveen Asset Management LLC raised its position in Capri by 3,957.3% during the second quarter. Nuveen Asset Management LLC now owns 2,535,439 shares of the company’s stock valued at $87,929,000 after purchasing an additional 2,472,948 shares during the period. Prudential Financial Inc. raised its position in Capri by 326.1% during the second quarter. Prudential Financial Inc. now owns 559,526 shares of the company’s stock valued at $19,404,000 after purchasing an additional 428,215 shares during the period. Finally, Senvest Management LLC raised its position in Capri by 32.9% during the second quarter. Senvest Management LLC now owns 1,715,900 shares of the company’s stock valued at $59,507,000 after purchasing an additional 424,500 shares during the period. Institutional investors and hedge funds own 85.23% of the company’s stock.

In other news, CEO John D. Idol acquired 363,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were bought at an average price of $27.48 per share, with a total value of $9,975,240.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 5.30% of the stock is owned by corporate insiders.

A number of equities research analysts have issued reports on the company. MKM Partners decreased their price objective on Capri to $35.00 and set a “neutral” rating on the stock in a research report on Monday, August 12th. Evercore ISI set a $50.00 price objective on Capri and gave the company a “buy” rating in a research report on Wednesday, August 7th. Jefferies Financial Group upped their price objective on Capri from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, September 18th. They noted that the move was a valuation call. Guggenheim raised Capri from a “neutral” rating to a “buy” rating in a research note on Wednesday. Finally, ValuEngine cut Capri from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $52.23.

Shares of CPRI traded up $0.99 during mid-day trading on Friday, reaching $36.62. 3,813,682 shares of the company’s stock traded hands, compared to its average volume of 2,820,966. The stock has a market cap of $5.17 billion, a P/E ratio of 7.37, a P/E/G ratio of 1.22 and a beta of 0.80. The stock’s 50-day moving average is $31.38 and its two-hundred day moving average is $34.12. Capri Holdings Ltd has a 12 month low of $25.25 and a 12 month high of $50.10. The company has a debt-to-equity ratio of 1.58, a current ratio of 1.03 and a quick ratio of 0.42.

Capri (NYSE:CPRI) last released its earnings results on Wednesday, November 6th. The company reported $1.16 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.09). The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.44 billion. Capri had a net margin of 7.45% and a return on equity of 30.29%. The firm’s revenue for the quarter was up 15.1% compared to the same quarter last year. Research analysts predict that Capri Holdings Ltd will post 4.87 earnings per share for the current year.

About Capri

Capri Holdings Limited design, markets, distributes, and retails branded women's and men's apparel and accessories. It operates in four segments: MK Retail, MK Wholesale, MK Licensing, and Jimmy Choo. The MK Retail segment sells women's apparel; handbags and small leather goods; men's apparel; footwear; and licensed products comprising watches, jewelry, fragrances, and beauty and eyewear.

Read More: Intrinsic Value and Stock Selection

Institutional Ownership by Quarter for Capri (NYSE:CPRI)

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