Avory & Company LLC Has $13.88 Million Position in Capri Holdings Limited (NYSE:CPRI)

Avory & Company LLC cut its holdings in shares of Capri Holdings Limited (NYSE:CPRI – Get Rating) by 4.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 361,073 shares of the company’s stock after selling 15,953 shares during the period. Capri makes up 11.8% of Avory & Company LLC’s portfolio, making the stock its 3rd biggest position. Avory & Company LLC owned about 0.25% of Capri worth $13,880,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. AlphaCrest Capital Management LLC increased its position in Capri by 65.6% during the first quarter. AlphaCrest Capital Management LLC now owns 7,288 shares of the company’s stock valued at $375,000 after acquiring an additional 2,888 shares during the last quarter. Great West Life Assurance Co. Can bought a new stake in Capri during the first quarter valued at approximately $4,352,000. Dimensional Fund Advisors LP raised its position in Capri by 4.9% in the first quarter. Dimensional Fund Advisors LP now owns 2,198,021 shares of the company’s stock worth $112,981,000 after acquiring an additional 102,439 shares during the period. Bridgefront Capital LLC purchased a new position in shares of Capri during the 1st quarter worth $271,000. Finally, Pearl River Capital LLC bought a new stake in shares of Capri during the 1st quarter valued at $227,000. 90.28% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. StockNews.com initiated coverage on Capri in a research report on Wednesday, October 12th. They issued a “buy” rating for the company. Raymond James assumed coverage on shares of Capri in a report on Monday, December 19th. They set an “outperform” rating and a $65.00 price target on the stock. Citigroup reduced their price objective on shares of Capri from $72.00 to $67.00 in a research note on Friday, November 4th. Telsey Advisory Group cut their price target on Capri from $60.00 to $54.00 and set a “market perform” rating for the company in a research note on Thursday, November 10th. Finally, JPMorgan Chase & Co. boosted their price objective on Capri from $65.00 to $66.00 and gave the company an “overweight” rating in a research report on Tuesday, November 29th. Four equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $67.82.

Capri Trading Up 0.8 %

Shares of CPRI opened at $63.73 on Friday. The company’s fifty day simple moving average is $55.87 and its 200-day simple moving average is $49.24. The company has a market cap of $8.21 billion, a P/E ratio of 11.22, a P/E/G ratio of 0.76 and a beta of 2.20. The company has a current ratio of 1.63, a quick ratio of 0.71 and a debt-to-equity ratio of 0.74. Capri Holdings Limited has a twelve month low of $36.90 and a twelve month high of $72.37.

Capri (NYSE:CPRI – Get Rating) last released its earnings results on Wednesday, November 9th. The company reported $1.79 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.24. Capri had a return on equity of 38.60% and a net margin of 14.10%. The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the prior year, the firm posted $1.53 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, analysts expect that Capri Holdings Limited will post 6.87 EPS for the current year.

Capri announced that its board has initiated a stock repurchase plan on Wednesday, November 9th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 14.3% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

About Capri

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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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Institutional Ownership by Quarter for Capri (NYSE:CPRI)

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