Capri Holdings Limited (NYSE:CPRI) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank reduced its position in shares of Capri Holdings Limited (NYSE:CPRI) by 11.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,227 shares of the company’s stock after selling 2,762 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Capri were worth $1,066,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CPRI. U S Global Investors Inc. acquired a new stake in shares of Capri during the 4th quarter worth about $75,000. Fifth Third Bancorp boosted its stake in shares of Capri by 34.0% during the 3rd quarter. Fifth Third Bancorp now owns 1,735 shares of the company’s stock worth $91,000 after purchasing an additional 440 shares during the last quarter. EMC Capital Management acquired a new stake in shares of Capri during the 3rd quarter worth about $96,000. Systematic Alpha Investments LLC acquired a new stake in shares of Capri during the 3rd quarter worth about $204,000. Finally, Coldstream Capital Management Inc. acquired a new stake in shares of Capri during the 3rd quarter worth about $205,000. 84.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CPRI has been the topic of several research analyst reports. StockNews.com initiated coverage on shares of Capri in a research report on Saturday, April 13th. They issued a “hold” rating on the stock. Telsey Advisory Group decreased their target price on shares of Capri from $57.00 to $42.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 23rd. Finally, OTR Global reissued a “mixed” rating on shares of Capri in a research report on Wednesday, April 17th. Twelve research analysts have rated the stock with a hold rating, According to data from MarketBeat, Capri has an average rating of “Hold” and an average target price of $49.25.

Capri Trading Up 2.1 %

NYSE CPRI opened at $35.54 on Friday. Capri Holdings Limited has a one year low of $34.17 and a one year high of $54.52. The company’s 50 day moving average price is $43.81 and its 200 day moving average price is $47.47. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.49 and a current ratio of 1.06. The firm has a market capitalization of $4.14 billion, a price-to-earnings ratio of 19.97, a PEG ratio of 7.07 and a beta of 2.03.

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