Cedar Wealth Management LLC Sells 8,454 Shares of Capri Holdings Limited (NYSE:CPRI)

Cedar Wealth Management LLC decreased its position in shares of Capri Holdings Limited (NYSE:CPRI) by 37.5% during the 4th quarter, Holdings Channel reports. The fund owned 14,092 shares of the company’s stock after selling 8,454 shares during the quarter. Cedar Wealth Management LLC’s holdings in Capri were worth $297,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of CPRI. Empowered Funds LLC lifted its position in shares of Capri by 63.2% in the third quarter. Empowered Funds LLC now owns 23,941 shares of the company’s stock worth $1,016,000 after purchasing an additional 9,275 shares in the last quarter. Avior Wealth Management LLC increased its holdings in Capri by 15.2% during the third quarter. Avior Wealth Management LLC now owns 4,033 shares of the company’s stock worth $171,000 after buying an additional 533 shares during the last quarter. Cerity Partners LLC increased its holdings in shares of Capri by 41.7% in the third quarter. Cerity Partners LLC now owns 13,143 shares of the company’s stock valued at $558,000 after purchasing an additional 3,869 shares during the last quarter. Senvest Management LLC acquired a new position in shares of Capri in the third quarter valued at $6,610,000. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Capri in the third quarter valued at $224,000. Institutional investors own 84.34% of the company’s stock.

Capri Price Performance

CPRI opened at $20.23 on Friday. The stock has a market capitalization of $2.38 billion, a PE ratio of -2.37, a price-to-earnings-growth ratio of 7.80 and a beta of 2.10. The stock’s 50 day moving average price is $22.45 and its 200-day moving average price is $26.64. Capri Holdings Limited has a 52-week low of $18.53 and a 52-week high of $46.09. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.59 and a current ratio of 1.21.

Capri (NYSE:CPRI) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.72 by ($0.27). Capri had a positive return on equity of 12.89% and a negative net margin of 21.79%. During the same period in the previous year, the firm earned $1.20 earnings per share. On average, equities research analysts predict that Capri Holdings Limited will post 0.98 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. StockNews.com raised shares of Capri from a “sell” rating to a “hold” rating in a research report on Friday, February 7th. Citigroup raised Capri from a “neutral” rating to a “buy” rating and upped their price objective for the company from $21.00 to $29.00 in a research note on Friday, January 10th. Barclays decreased their target price on shares of Capri from $21.00 to $19.00 and set an “equal weight” rating for the company in a research report on Thursday, February 6th. Bank of America began coverage on shares of Capri in a research report on Monday, February 10th. They set a “neutral” rating and a $23.00 target price for the company. Finally, JPMorgan Chase & Co. raised their price objective on shares of Capri from $15.00 to $19.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $25.92.

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.