Silverlake Wealth Management LLC Reduces Stock Position in Capri Holdings Limited (NYSE:CPRI)

Silverlake Wealth Management LLC lessened its holdings in Capri Holdings Limited (NYSE:CPRI) by 9.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 22,601 shares of the company’s stock after selling 2,357 shares during the period. Silverlake Wealth Management LLC’s holdings in Capri were worth $959,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Aristides Capital LLC bought a new stake in Capri in the 2nd quarter valued at $1,865,000. State Board of Administration of Florida Retirement System increased its holdings in shares of Capri by 17.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 155,580 shares of the company’s stock valued at $7,312,000 after purchasing an additional 23,294 shares during the period. Nomura Holdings Inc. acquired a new stake in shares of Capri in the fourth quarter worth $1,533,000. Gabelli Funds LLC lifted its holdings in shares of Capri by 7.1% in the 1st quarter. Gabelli Funds LLC now owns 504,599 shares of the company’s stock valued at $22,858,000 after buying an additional 33,550 shares during the period. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Capri in the 1st quarter worth approximately $1,283,000. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Capri Trading Down 0.4 %

NYSE:CPRI traded down $0.17 during trading hours on Friday, reaching $42.98. 882,301 shares of the stock were exchanged, compared to its average volume of 1,344,586. The company has a quick ratio of 0.41, a current ratio of 0.95 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $5.06 billion, a price-to-earnings ratio of -17.26, a PEG ratio of 7.08 and a beta of 1.97. Capri Holdings Limited has a twelve month low of $29.28 and a twelve month high of $52.06. The business has a 50-day moving average of $36.95 and a two-hundred day moving average of $36.27.

Capri (NYSE:CPRI) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.55). The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.16 billion. Capri had a positive return on equity of 18.72% and a negative net margin of 5.81%. The firm’s revenue for the quarter was down 13.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.74 EPS. On average, equities analysts predict that Capri Holdings Limited will post 2.12 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on CPRI shares. Citigroup lowered shares of Capri from a “buy” rating to a “neutral” rating and set a $41.00 price target for the company. in a report on Friday, September 13th. UBS Group decreased their target price on shares of Capri from $42.00 to $39.00 and set a “neutral” rating on the stock in a report on Wednesday, September 11th. StockNews.com lowered shares of Capri from a “hold” rating to a “sell” rating in a research report on Tuesday, August 27th. Finally, Wells Fargo & Company lowered their price objective on Capri from $43.00 to $42.00 and set an “overweight” rating for the company in a research report on Friday, August 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Capri presently has an average rating of “Hold” and a consensus target price of $40.40.

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.