Patriot Financial Group Insurance Agency LLC Takes $425,000 Position in Capri Holdings Limited (NYSE:CPRI)

Patriot Financial Group Insurance Agency LLC acquired a new stake in Capri Holdings Limited (NYSE:CPRI) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,005 shares of the company’s stock, valued at approximately $425,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Riverwater Partners LLC bought a new stake in shares of Capri in the 3rd quarter valued at about $1,030,000. Aristides Capital LLC acquired a new position in shares of Capri in the second quarter worth approximately $1,865,000. State Board of Administration of Florida Retirement System lifted its stake in shares of Capri by 17.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 155,580 shares of the company’s stock worth $7,312,000 after acquiring an additional 23,294 shares during the period. Fortis Group Advisors LLC acquired a new position in shares of Capri in the third quarter worth approximately $2,149,000. Finally, Gabelli Funds LLC lifted its stake in shares of Capri by 7.1% in the first quarter. Gabelli Funds LLC now owns 504,599 shares of the company’s stock worth $22,858,000 after acquiring an additional 33,550 shares during the period. 84.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Wells Fargo & Company cut their price objective on Capri from $42.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday, October 25th. StockNews.com lowered Capri from a “hold” rating to a “sell” rating in a research note on Tuesday, August 27th. UBS Group dropped their price target on Capri from $42.00 to $39.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 11th. Telsey Advisory Group dropped their price target on Capri from $42.00 to $26.00 and set a “market perform” rating on the stock in a research note on Friday, October 25th. Finally, Citigroup lowered Capri from a “buy” rating to a “neutral” rating and set a $41.00 price target on the stock. in a research note on Friday, September 13th. One equities research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $31.50.

Capri Trading Down 4.2 %

NYSE CPRI opened at $20.49 on Wednesday. The company has a market cap of $2.41 billion, a price-to-earnings ratio of -10.80, a P/E/G ratio of 6.93 and a beta of 1.97. Capri Holdings Limited has a 52 week low of $20.48 and a 52 week high of $51.46. The business has a 50 day moving average price of $38.51 and a 200-day moving average price of $35.71. 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 released its quarterly earnings data on Thursday, August 8th. The company reported $0.04 EPS for the quarter, missing the consensus estimate 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 negative net margin of 5.81% and a positive return on equity of 18.72%. The company’s revenue was down 13.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.74 EPS. As a group, equities analysts expect that Capri Holdings Limited will post 2.12 earnings per share for the current fiscal 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.