Northern Financial Advisors Inc Trims Position in Capri Holdings Limited (NYSE:CPRI)

Northern Financial Advisors Inc lowered its stake in shares of Capri Holdings Limited (NYSE:CPRI) by 20.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,252 shares of the company’s stock after selling 4,834 shares during the quarter. Northern Financial Advisors Inc’s holdings in Capri were worth $917,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. U S Global Investors Inc. purchased a new position in shares of Capri in the fourth quarter valued at $75,000. Fifth Third Bancorp grew its position in shares of Capri by 34.0% in the 3rd quarter. Fifth Third Bancorp now owns 1,735 shares of the company’s stock worth $91,000 after acquiring an additional 440 shares in the last quarter. EMC Capital Management bought a new stake in Capri during the third quarter valued at $96,000. Systematic Alpha Investments LLC acquired a new stake in Capri during the third quarter worth about $204,000. Finally, Coldstream Capital Management Inc. bought a new stake in shares of Capri in the 3rd quarter worth approximately $205,000. Institutional investors and hedge funds own 84.34% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CPRI shares. StockNews.com started coverage on Capri in a research report on Saturday, April 13th. They set a “hold” rating for the company. Telsey Advisory Group reduced their price objective on Capri from $57.00 to $42.00 and set a “market perform” rating for the company in a research note on Tuesday, April 23rd. Finally, OTR Global restated a “mixed” rating on shares of Capri in a report on Wednesday, April 17th. Eleven research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $49.25.

Capri Trading Down 0.6 %

Shares of CPRI stock traded down $0.23 during trading hours on Wednesday, reaching $36.73. The company had a trading volume of 483,925 shares, compared to its average volume of 1,365,335. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.06 and a quick ratio of 0.49. Capri Holdings Limited has a 1-year low of $34.17 and a 1-year high of $54.52. The company has a 50 day moving average of $42.28 and a 200 day moving average of $46.66. The firm has a market cap of $4.28 billion, a price-to-earnings ratio of 20.76, a P/E/G ratio of 7.24 and a beta of 2.08.

Capri (NYSE:CPRI) last announced its quarterly earnings results on Thursday, February 8th. The company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Capri had a net margin of 3.96% and a return on equity of 25.79%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the company earned $1.84 earnings per share. The business’s revenue was down 5.6% compared to the same quarter last year. On average, equities research analysts anticipate that Capri Holdings Limited will post 3.8 EPS for the current year.

Capri 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.