Silverlake Wealth Management LLC Has $283,000 Stake in Capri Holdings Limited (NYSE:CPRI)

Silverlake Wealth Management LLC reduced its stake in shares of Capri Holdings Limited (NYSE:CPRI) by 40.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,422 shares of the company’s stock after selling 9,179 shares during the period. Silverlake Wealth Management LLC’s holdings in Capri were worth $283,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in CPRI. ARGA Investment Management LP boosted its holdings in shares of Capri by 149.4% during the 4th quarter. ARGA Investment Management LP now owns 227,957 shares of the company’s stock worth $4,801,000 after buying an additional 136,556 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its holdings in Capri by 57.7% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 15,774 shares of the company’s stock valued at $332,000 after acquiring an additional 5,769 shares during the period. Pacer Advisors Inc. grew its position in shares of Capri by 22,554.7% in the fourth quarter. Pacer Advisors Inc. now owns 3,902,960 shares of the company’s stock valued at $82,196,000 after purchasing an additional 3,885,732 shares during the last quarter. KBC Group NV increased its stake in shares of Capri by 63.9% in the fourth quarter. KBC Group NV now owns 5,039 shares of the company’s stock worth $106,000 after purchasing an additional 1,965 shares during the period. Finally, Avaii Wealth Management LLC lifted its position in shares of Capri by 95.8% during the 4th quarter. Avaii Wealth Management LLC now owns 13,381 shares of the company’s stock worth $282,000 after purchasing an additional 6,546 shares during the last quarter. Institutional investors and hedge funds own 84.34% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on CPRI shares. Guggenheim raised Capri from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Tuesday, November 26th. Citigroup raised shares of Capri from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $21.00 to $29.00 in a research report on Friday, January 10th. Jefferies Financial Group increased their price target on shares of Capri from $20.00 to $23.00 and gave the company a “hold” rating in a report on Tuesday, January 28th. TD Cowen dropped their price objective on shares of Capri from $57.00 to $22.00 and set a “hold” rating on the stock in a report on Friday, November 15th. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $23.00 target price on shares of Capri in a research note on Wednesday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Capri presently has an average rating of “Hold” and an average target price of $26.36.

Capri Trading Down 10.2 %

CPRI stock opened at $21.59 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.38 and a debt-to-equity ratio of 0.83. The firm has a market cap of $2.54 billion, a P/E ratio of -7.05, a P/E/G ratio of 5.76 and a beta of 2.06. Capri Holdings Limited has a 1-year low of $18.70 and a 1-year high of $47.80. The business’s 50 day moving average is $22.68 and its 200-day moving average is $29.33.

Capri (NYSE:CPRI) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.27). Capri had a positive return on equity of 16.54% and a negative net margin of 7.44%. During the same period last year, the business earned $1.20 EPS. Equities analysts anticipate that Capri Holdings Limited will post 1.51 earnings per share for the current fiscal year.

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.