De Lisle Partners LLP Reduces Stock Holdings in Capri Holdings Limited (NYSE:CPRI)

De Lisle Partners LLP lowered its stake in Capri Holdings Limited (NYSE:CPRI) by 87.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 7,500 shares of the company’s stock after selling 50,000 shares during the quarter. De Lisle Partners LLP’s holdings in Capri were worth $318,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in CPRI. EMC Capital Management lifted its stake in shares of Capri by 32.7% in the 1st quarter. EMC Capital Management now owns 2,421 shares of the company’s stock valued at $110,000 after purchasing an additional 596 shares during the period. CWM LLC lifted its position in Capri by 35.2% during the second quarter. CWM LLC now owns 2,452 shares of the company’s stock valued at $81,000 after buying an additional 638 shares during the period. Signaturefd LLC boosted its holdings in shares of Capri by 14.7% during the 2nd quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock valued at $90,000 after buying an additional 351 shares in the last quarter. KBC Group NV grew its position in shares of Capri by 26.9% in the 3rd quarter. KBC Group NV now owns 3,074 shares of the company’s stock worth $130,000 after buying an additional 652 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Capri by 1,580.1% in the 2nd quarter. GAMMA Investing LLC now owns 3,713 shares of the company’s stock worth $123,000 after acquiring an additional 3,492 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 equities research analysts have weighed in on CPRI shares. Robert W. Baird cut their price objective on shares of Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Guggenheim upgraded shares of Capri from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Tuesday. UBS Group dropped their target price on shares of Capri from $42.00 to $39.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 11th. JPMorgan Chase & Co. reduced their price target on shares of Capri from $57.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Finally, Citigroup cut Capri from a “buy” rating to a “neutral” rating and set a $41.00 price objective on the stock. in a research report on Friday, September 13th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $28.20.

Capri Stock Up 3.0 %

NYSE CPRI opened at $23.52 on Friday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.93 and a quick ratio of 0.38. Capri Holdings Limited has a 1-year low of $18.70 and a 1-year high of $51.23. The business’s fifty day moving average price is $31.47 and its 200-day moving average price is $33.24.

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.