PNC Financial Services Group Inc. decreased its stake in shares of Capri Holdings Limited (NYSE:CPRI – Free Report) by 19.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,234 shares of the company’s stock after selling 7,970 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Capri were worth $1,619,000 at the end of the most recent reporting period.
Several other large investors have also made changes to their positions in the business. Private Wealth Management Group LLC purchased a new stake in shares of Capri in the 4th quarter valued at $25,000. M&T Bank Corp boosted its holdings in Capri by 9.0% during the third quarter. M&T Bank Corp now owns 8,683 shares of the company’s stock worth $457,000 after buying an additional 716 shares in the last quarter. Cerity Partners LLC boosted its holdings in Capri by 24.3% during the fourth quarter. Cerity Partners LLC now owns 5,295 shares of the company’s stock worth $266,000 after buying an additional 1,035 shares in the last quarter. U S Global Investors Inc. purchased a new stake in Capri during the fourth quarter worth $75,000. Finally, Pekin Hardy Strauss Inc. boosted its holdings in Capri by 8.1% during the fourth quarter. Pekin Hardy Strauss Inc. now owns 21,612 shares of the company’s stock worth $1,086,000 after buying an additional 1,625 shares in the last quarter. 84.34% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on the stock. Telsey Advisory Group reissued a “market perform” rating and set a $42.00 price target on shares of Capri in a report on Thursday, May 23rd. StockNews.com initiated coverage on shares of Capri in a report on Saturday, April 13th. They set a “hold” rating on the stock. Finally, OTR Global reaffirmed a “mixed” rating on shares of Capri in a report on Wednesday, April 17th. Eleven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $49.25.
View Our Latest Stock Analysis on CPRI
Capri Price Performance
Shares of NYSE CPRI opened at $34.63 on Tuesday. The firm has a 50-day simple moving average of $39.52 and a 200-day simple moving average of $45.30. The stock has a market capitalization of $4.04 billion, a price-to-earnings ratio of 19.46, a price-to-earnings-growth ratio of 7.03 and a beta of 2.08. 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 Holdings Limited has a 52 week low of $34.17 and a 52 week high of $54.52.
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.
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Source: defenseworld.net
