Towerview LLC Trims Position in Capri Holdings Limited (NYSE:CPRI)

Towerview LLC lessened its stake in shares of Capri Holdings Limited (NYSE:CPRI) by 37.5% in the third quarter, Holdings Channel reports. The institutional investor owned 25,000 shares of the company’s stock after selling 15,000 shares during the quarter. Capri comprises about 0.7% of Towerview LLC’s portfolio, making the stock its 14th biggest position. Towerview LLC’s holdings in Capri were worth $1,061,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Bessemer Group Inc. boosted its position in shares of Capri by 82.4% during the 1st quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock valued at $60,000 after acquiring an additional 601 shares during the last quarter. CWM LLC boosted its position in shares of Capri by 35.2% during the 2nd quarter. CWM LLC now owns 2,452 shares of the company’s stock valued at $81,000 after acquiring an additional 638 shares during the last quarter. Signaturefd LLC boosted its position 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 acquiring an additional 351 shares during the last quarter. EMC Capital Management boosted its position in shares of Capri by 32.7% during the 1st quarter. EMC Capital Management now owns 2,421 shares of the company’s stock valued at $110,000 after acquiring an additional 596 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of Capri during the 1st quarter valued at about $117,000. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Capri Trading Down 2.2 %

CPRI stock traded down $0.43 during midday trading on Thursday, hitting $19.22. The company had a trading volume of 6,081,894 shares, compared to its average volume of 1,999,940. The company has a current ratio of 0.93, a quick ratio of 0.38 and a debt-to-equity ratio of 0.83. Capri Holdings Limited has a 52 week low of $18.70 and a 52 week high of $51.23. The stock’s 50 day moving average price is $34.87 and its 200 day moving average price is $34.28. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of -6.21, a PEG ratio of 3.84 and a beta of 2.05.

Wall Street Analysts Forecast Growth

CPRI has been the subject of a number of recent research reports. UBS Group dropped their target price on Capri from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Wednesday, September 11th. JPMorgan Chase & Co. dropped their target price on Capri from $57.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Citigroup downgraded Capri from a “buy” rating to a “neutral” rating and set a $41.00 target price for the company. in a research report on Friday, September 13th. Robert W. Baird dropped their target price on Capri from $24.00 to $23.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Finally, Telsey Advisory Group restated a “market perform” rating and issued a $26.00 target price on shares of Capri in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat.com, Capri currently has an average rating of “Hold” and a consensus target price of $30.29.

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.