Cinctive Capital Management LP Sells 123,947 Shares of Capri Holdings Limited (NYSE:CPRI)

Cinctive Capital Management LP trimmed its stake in Capri Holdings Limited (NYSE:CPRI) by 41.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 175,048 shares of the company’s stock after selling 123,947 shares during the quarter. Cinctive Capital Management LP’s holdings in Capri were worth $3,687,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of CPRI. Sunbelt Securities Inc. bought a new stake in shares of Capri during the third quarter valued at approximately $42,000. Quarry LP purchased a new position in shares of Capri in the third quarter worth $53,000. Twin Tree Management LP purchased a new stake in shares of Capri during the fourth quarter valued at $45,000. KBC Group NV raised its position in Capri by 63.9% in the 4th quarter. KBC Group NV now owns 5,039 shares of the company’s stock worth $106,000 after buying an additional 1,965 shares during the last quarter. Finally, Quantinno Capital Management LP bought a new position in Capri during the 3rd quarter valued at about $260,000. 84.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. Jefferies Financial Group lifted their price target on shares of Capri from $20.00 to $23.00 and gave the stock a “hold” rating in a research note on Tuesday, January 28th. StockNews.com upgraded shares of Capri from a “sell” rating to a “hold” rating in a research note on Friday, February 7th. JPMorgan Chase & Co. raised their price target on Capri from $15.00 to $19.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. Guggenheim restated a “buy” rating and set a $30.00 price target on shares of Capri in a research note on Wednesday, February 12th. Finally, Citigroup upgraded shares of Capri from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $21.00 to $29.00 in a research note on Friday, January 10th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $25.92.

Capri Stock Performance

Shares of NYSE CPRI opened at $19.65 on Thursday. The stock has a market cap of $2.32 billion, a PE ratio of -2.30, a price-to-earnings-growth ratio of 7.80 and a beta of 2.10. Capri Holdings Limited has a 1 year low of $18.40 and a 1 year high of $45.70. The firm has a fifty day moving average price of $21.89 and a 200-day moving average price of $25.69. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.21 and a quick ratio of 0.59.

Capri (NYSE:CPRI) last issued 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 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 earnings per share. Equities analysts anticipate that Capri Holdings Limited will post 0.98 earnings per share for the current fiscal year.

About Capri

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.