Gamco Investors INC. ET AL Decreases Holdings in Capri Holdings Limited (NYSE:CPRI)

Gamco Investors INC. ET AL lowered its stake in Capri Holdings Limited (NYSE:CPRI) by 24.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,500 shares of the company’s stock after selling 7,450 shares during the period. Gamco Investors INC. ET AL’s holdings in Capri were worth $495,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CPRI. Twin Tree Management LP bought a new stake in shares of Capri in the 4th quarter valued at approximately $45,000. Aster Capital Management DIFC Ltd purchased a new stake in Capri during the 4th quarter valued at $74,000. KBC Group NV lifted its position in Capri by 63.9% in the fourth 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. Sterling Capital Management LLC boosted its stake in Capri by 58.9% during the fourth quarter. Sterling Capital Management LLC now owns 6,872 shares of the company’s stock worth $145,000 after buying an additional 2,546 shares during the period. Finally, LexAurum Advisors LLC bought a new position in Capri during the fourth quarter valued at $211,000. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Capri Stock Performance

CPRI stock opened at $13.74 on Friday. 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 Holdings Limited has a 1-year low of $11.86 and a 1-year high of $43.34. The business has a 50-day moving average price of $19.20 and a 200 day moving average price of $23.32. The company has a market capitalization of $1.62 billion, a P/E ratio of -1.61, a PEG ratio of 7.80 and a beta of 1.77.

Capri (NYSE:CPRI) last released its quarterly earnings data 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 negative net margin of 21.79% and a positive return on equity of 12.89%. During the same quarter in the prior year, the company earned $1.20 EPS. As a group, equities research analysts forecast that Capri Holdings Limited will post 0.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Barclays dropped their price target on shares of Capri from $19.00 to $13.00 and set an “equal weight” rating for the company in a research note on Thursday, April 10th. Telsey Advisory Group dropped their target price on Capri from $23.00 to $17.00 and set a “market perform” rating for the company in a research report on Friday, April 11th. BMO Capital Markets upgraded Capri from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $25.00 to $31.00 in a report on Monday, January 6th. StockNews.com upgraded Capri from a “sell” rating to a “hold” rating in a report on Friday, February 7th. Finally, Bank of America initiated coverage on Capri in a research note on Monday, February 10th. They issued a “neutral” rating and a $23.00 target price on the stock. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $24.08.

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.