Capri Holdings Limited (NYSE:CPRI) Position Reduced by Federated Hermes Inc.

Federated Hermes Inc. lowered its stake in Capri Holdings Limited (NYSE:CPRI) by 44.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 11,031 shares of the company’s stock after selling 8,683 shares during the period. Federated Hermes Inc.’s holdings in Capri were worth $554,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Alpine Associates Management Inc. acquired a new position in Capri in the third quarter worth $128,347,000. Westchester Capital Management LLC bought a new stake in shares of Capri during the 3rd quarter valued at about $87,352,000. PSquared Asset Management AG acquired a new stake in Capri during the third quarter worth about $61,090,000. Segantii Capital Management Ltd bought a new position in Capri in the third quarter worth about $52,347,000. Finally, KRYGER CAPITAL Ltd acquired a new position in Capri in the third quarter valued at approximately $35,642,000. Institutional investors and hedge funds own 84.34% of the company’s stock.

Capri Stock Performance

Shares of CPRI opened at $35.68 on Friday. Capri Holdings Limited has a 52-week low of $34.17 and a 52-week high of $54.52. The firm has a market capitalization of $4.16 billion, a PE ratio of 20.05, a P/E/G ratio of 7.16 and a beta of 2.08. The firm has a 50-day moving average price of $42.68 and a 200 day moving average price of $46.94. The company has a quick ratio of 0.49, a current ratio of 1.06 and a debt-to-equity ratio of 0.71.

Capri (NYSE:CPRI) last posted its quarterly earnings data on Thursday, February 8th. The company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.54). The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.48 billion. Capri had a net margin of 3.96% and a return on equity of 25.79%. The company’s revenue was down 5.6% on a year-over-year basis. During the same quarter last year, the business earned $1.84 earnings per share. On average, sell-side analysts anticipate that Capri Holdings Limited will post 3.8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CPRI. StockNews.com began coverage on Capri in a research report on Saturday, April 13th. They set a “hold” rating on the stock. OTR Global reissued a “mixed” rating on shares of Capri in a report on Wednesday, April 17th. Finally, Telsey Advisory Group dropped their price objective on shares of Capri from $57.00 to $42.00 and set a “market perform” rating on the stock in a report on Tuesday, April 23rd. Eleven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Capri presently has an average rating of “Hold” and an average price target of $49.25.

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.