Capri Holdings Limited (NYSE:CPRI) Position Reduced by American Century Companies Inc.

American Century Companies Inc. decreased its position in shares of Capri Holdings Limited (NYSE:CPRI) by 11.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,779 shares of the company’s stock after selling 8,179 shares during the period. American Century Companies Inc. owned 0.06% of Capri worth $2,143,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Quent Capital LLC grew its position in Capri by 171.8% during the 1st quarter. Quent Capital LLC now owns 1,120 shares of the company’s stock worth $51,000 after purchasing an additional 708 shares in the last quarter. Bessemer Group Inc. grew its stake in Capri by 82.4% in the 1st quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock valued at $60,000 after buying an additional 601 shares during the last quarter. Vima LLC bought a new position in Capri in the 4th quarter worth $70,000. CWM LLC raised its holdings in Capri by 35.2% in the 2nd quarter. CWM LLC now owns 2,452 shares of the company’s stock worth $81,000 after acquiring an additional 638 shares during the period. Finally, Signaturefd LLC grew its position in Capri by 14.7% in the 2nd quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock worth $90,000 after purchasing an additional 351 shares during the last quarter. Institutional investors own 84.34% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CPRI shares. UBS Group decreased their price target on shares of Capri from $42.00 to $39.00 and set a “neutral” rating on the stock in a research report on Wednesday, September 11th. Wells Fargo & Company reduced their price target on shares of Capri from $43.00 to $42.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Citigroup downgraded shares of Capri from a “buy” rating to a “neutral” rating and set a $41.00 target price for the company. in a research note on Friday, September 13th. Finally, StockNews.com downgraded shares of Capri from a “hold” rating to a “sell” rating in a research note on Tuesday, August 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $40.40.

Capri Trading Up 1.7 %

Shares of NYSE:CPRI opened at $39.47 on Friday. Capri Holdings Limited has a 12-month low of $29.28 and a 12-month high of $52.88. The stock has a market cap of $4.60 billion, a PE ratio of -20.04, a P/E/G ratio of 6.27 and a beta of 1.97. The business has a 50 day moving average of $35.15 and a 200-day moving average of $36.51. The company has a quick ratio of 0.41, a current ratio of 0.95 and a debt-to-equity ratio of 0.79.

Capri (NYSE:CPRI) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.55). The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.16 billion. Capri had a positive return on equity of 18.72% and a negative net margin of 5.81%. The company’s revenue was down 13.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.74 EPS. As a group, equities research analysts forecast that Capri Holdings Limited will post 2.12 earnings per share 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.