Avory & Company LLC Trims Position in Capri Holdings Limited (NYSE:CPRI)

Avory & Company LLC cut its holdings in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) by 27.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 180,307 shares of the company's stock after selling 69,609 shares during the quarter. Capri accounts for about 2.1% of Avory & Company LLC's portfolio, making the stock its 12th largest holding. Avory & Company LLC owned about 0.15% of Capri worth $3,797,000 at the end of the most recent quarter.

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A number of other institutional investors also recently bought and sold shares of the business. Primecap Management Co. CA grew its stake in shares of Capri by 14.2% during the 3rd quarter. Primecap Management Co. CA now owns 4,140,755 shares of the company's stock worth $175,734,000 after purchasing an additional 515,963 shares during the period. Pacer Advisors Inc. grew its stake in shares of Capri by 22,554.7% during the 4th quarter. Pacer Advisors Inc. now owns 3,902,960 shares of the company's stock worth $82,196,000 after purchasing an additional 3,885,732 shares during the period. FMR LLC grew its stake in shares of 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 during the period. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Capri during the 4th quarter worth approximately $48,953,000. Finally, Geode Capital Management LLC grew its stake in shares of Capri by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,942,145 shares of the company's stock worth $82,446,000 after purchasing an additional 41,009 shares during the period. 84.34% of the stock is owned by hedge funds and other institutional investors.

Capri Trading Down 0.8 %

Shares of CPRI opened at $22.20 on Thursday. Capri Holdings Limited has a 52-week low of $18.70 and a 52-week high of $47.17. The company has a quick ratio of 0.59, a current ratio of 1.21 and a debt-to-equity ratio of 1.36. The firm's fifty day moving average is $22.61 and its two-hundred day moving average is $27.91. The stock has a market cap of $2.62 billion, a PE ratio of -2.60, a price-to-earnings-growth ratio of 7.80 and a beta of 2.10.

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Capri (NYSE:CPRI - Get Free Report) last posted 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 positive return on equity of 12.89% and a negative net margin of 21.79%. During the same period in the previous year, the business posted $1.20 EPS. Research analysts forecast that Capri Holdings Limited will post 0.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on CPRI shares. Telsey Advisory Group reaffirmed a "market perform" rating and set a $23.00 price objective on shares of Capri in a research note on Thursday, February 20th. Wells Fargo & Company lifted their price target on shares of Capri from $28.00 to $30.00 and gave the company an "overweight" rating in a research note on Monday, January 27th. Barclays dropped their price target on shares of Capri from $21.00 to $19.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 6th. BMO Capital Markets raised shares of Capri from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $25.00 to $31.00 in a research note on Monday, January 6th. Finally, StockNews.com raised shares of Capri from a "sell" rating to a "hold" rating in a research note on Friday, February 7th. Nine equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Capri has a consensus rating of "Hold" and an average price target of $25.92.

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View Our Latest Report on Capri

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.

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