State Street Corp Sells 184,381 Shares of Capri Holdings Limited (NYSE:CPRI)

State Street Corp cut its holdings in Capri Holdings Limited (NYSE:CPRI) by 5.0% during the third quarter, HoldingsChannel reports. The firm owned 3,500,865 shares of the company’s stock after selling 184,381 shares during the period. State Street Corp’s holdings in Capri were worth $148,577,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in CPRI. CWM LLC increased its stake in shares of Capri by 35.2% in the second quarter. CWM LLC now owns 2,452 shares of the company’s stock worth $81,000 after purchasing an additional 638 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in Capri by 50.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,399 shares of the company’s stock worth $278,000 after buying an additional 2,806 shares in the last quarter. Nisa Investment Advisors LLC grew its position in Capri by 12.2% during the second quarter. Nisa Investment Advisors LLC now owns 6,485 shares of the company’s stock worth $215,000 after buying an additional 705 shares in the last quarter. Calamos Advisors LLC grew its position in Capri by 6.2% during the second quarter. Calamos Advisors LLC now owns 659,298 shares of the company’s stock worth $21,810,000 after buying an additional 38,343 shares in the last quarter. Finally, GAM Holding AG grew its position in Capri by 20.0% during the second quarter. GAM Holding AG now owns 18,000 shares of the company’s stock worth $595,000 after buying an additional 3,000 shares in the last quarter. 84.34% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

CPRI has been the topic of a number of recent research reports. Telsey Advisory Group decreased their target price on Capri from $26.00 to $23.00 and set a “market perform” rating on the stock in a research report on Friday, November 15th. Guggenheim raised Capri from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Tuesday, November 26th. StockNews.com downgraded Capri from a “hold” rating to a “sell” rating in a research report on Tuesday, August 27th. Barclays reissued an “equal weight” rating and set a $21.00 target price on shares of Capri in a research report on Wednesday, November 20th. Finally, Citigroup downgraded Capri from a “buy” rating to a “neutral” rating and set a $41.00 price objective on the stock. in a report on Friday, September 13th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $28.20.

Capri Stock Down 1.2 %

Shares of CPRI opened at $21.36 on Friday. The company has a market capitalization of $2.52 billion, a P/E ratio of -6.98, a PEG ratio of 4.63 and a beta of 2.05. 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 one year low of $18.70 and a one year high of $51.23. The business’s 50 day simple moving average is $27.24 and its 200-day simple moving average is $32.17.

About Capri

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.