Handelsbanken Fonder AB Sells 700 Shares of Capri Holdings Limited (NYSE:CPRI)

Handelsbanken Fonder AB trimmed its holdings in Capri Holdings Limited (NYSE:CPRI) by 2.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,700 shares of the company’s stock after selling 700 shares during the quarter. Handelsbanken Fonder AB’s holdings in Capri were worth $1,191,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of CPRI. Alpine Associates Management Inc. bought a new stake in Capri in the 3rd quarter valued at $128,347,000. Westchester Capital Management LLC acquired a new stake in Capri during the third quarter worth about $87,352,000. PSquared Asset Management AG acquired a new position in Capri in the 3rd quarter valued at approximately $61,090,000. Segantii Capital Management Ltd bought a new stake in shares of Capri in the 3rd quarter worth approximately $52,347,000. Finally, Tudor Investment Corp Et Al lifted its position in shares of Capri by 149.1% in the 3rd quarter. Tudor Investment Corp Et Al now owns 774,974 shares of the company’s stock worth $40,771,000 after acquiring an additional 463,914 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 research analysts recently commented on the company. OTR Global restated a “mixed” rating on shares of Capri in a research note on Wednesday, April 17th. Telsey Advisory Group dropped their price objective on shares of Capri from $57.00 to $42.00 and set a “market perform” rating for the company in a research note on Tuesday, April 23rd. Finally, StockNews.com began coverage on shares of Capri in a research report on Saturday, April 13th. They set a “hold” rating on the stock. Twelve research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $49.25.

Capri Price Performance

Shares of Capri stock opened at $35.54 on Monday. Capri Holdings Limited has a 1-year low of $34.17 and a 1-year high of $54.52. The firm’s 50-day moving average price is $43.81 and its two-hundred day moving average price is $47.44. The company has a current ratio of 1.06, a quick ratio of 0.49 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $4.14 billion, a price-to-earnings ratio of 19.97, a P/E/G ratio of 7.22 and a beta of 2.03.

Capri (NYSE:CPRI) last announced its quarterly earnings results on Thursday, February 8th. The company reported $1.20 earnings per share for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Capri had a net margin of 3.96% and a return on equity of 25.79%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the prior year, the business earned $1.84 earnings per share. The business’s revenue was down 5.6% on a year-over-year basis. On average, equities analysts predict that Capri Holdings Limited will post 3.8 earnings per share for the current fiscal year.

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.