Pekin Hardy Strauss Inc. Lowers Stock Position in Capri Holdings Limited (NYSE:CPRI)

Pekin Hardy Strauss Inc. trimmed its holdings in shares of Capri Holdings Limited (NYSE:CPRI) by 17.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,764 shares of the company’s stock after selling 7,760 shares during the quarter. Pekin Hardy Strauss Inc.’s holdings in Capri were worth $1,603,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Blair William & Co. IL lifted its position in shares of Capri by 5.8% during the second quarter. Blair William & Co. IL now owns 6,362 shares of the company’s stock valued at $210,000 after buying an additional 350 shares during the last quarter. Signaturefd LLC raised its stake in shares of Capri by 14.7% during the 2nd quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock worth $90,000 after acquiring an additional 351 shares in the last quarter. Avior Wealth Management LLC lifted its position in Capri by 15.2% during the third quarter. Avior Wealth Management LLC now owns 4,033 shares of the company’s stock valued at $171,000 after acquiring an additional 533 shares during the last quarter. EMC Capital Management boosted its stake in Capri by 32.7% in the first quarter. EMC Capital Management now owns 2,421 shares of the company’s stock valued at $110,000 after acquiring an additional 596 shares in the last quarter. Finally, Bessemer Group Inc. increased its position in shares of Capri by 82.4% during the first quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock worth $60,000 after purchasing an additional 601 shares in the last quarter. Institutional investors own 84.34% of the company’s stock.

Capri Trading Up 4.0 %

Shares of Capri stock opened at $20.48 on Friday. Capri Holdings Limited has a 1 year low of $18.70 and a 1 year high of $51.23. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.93 and a quick ratio of 0.38. The stock has a market cap of $2.41 billion, a PE ratio of -6.69, a price-to-earnings-growth ratio of 4.20 and a beta of 2.05. The firm has a fifty day moving average price of $32.47 and a 200 day moving average price of $33.55.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CPRI. Wells Fargo & Company dropped their target price 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. 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. Citigroup lowered shares of Capri from a “buy” rating to a “neutral” rating and set a $41.00 price objective for the company. in a research report on Friday, September 13th. StockNews.com downgraded shares of Capri from a “hold” rating to a “sell” rating in a research report on Tuesday, August 27th. Finally, Barclays reaffirmed an “equal weight” rating and issued a $21.00 price target on shares of Capri in a report on Wednesday. One investment analyst has rated the stock with a sell rating and nine have issued a hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $28.00.

Capri 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.