Alliancebernstein L.P. Sells 453,355 Shares of Capri Holdings Limited (NYSE:CPRI)

Alliancebernstein L.P. lowered its stake in Capri Holdings Limited (NYSE:CPRI) by 75.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 150,734 shares of the company’s stock after selling 453,355 shares during the quarter. Alliancebernstein L.P.’s holdings in Capri were worth $3,174,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of CPRI. Pacer Advisors Inc. raised its holdings in shares of Capri by 22,554.7% during 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 period. Norges Bank bought a new position in Capri in the fourth quarter worth approximately $58,070,000. Vaughan Nelson Investment Management L.P. acquired a new stake in Capri in the fourth quarter valued at approximately $48,953,000. Segall Bryant & Hamill LLC bought a new stake in shares of Capri during the fourth quarter valued at approximately $24,617,000. Finally, Oddo BHF Asset Management Sas acquired a new position in shares of Capri during the third quarter worth approximately $25,888,000. Institutional investors and hedge funds own 84.34% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Jefferies Financial Group upped their price objective on shares of Capri from $20.00 to $23.00 and gave the stock a “hold” rating in a report on Tuesday, January 28th. Robert W. Baird decreased their price objective on Capri from $26.00 to $18.00 and set a “neutral” rating for the company in a report on Friday, April 11th. Telsey Advisory Group dropped their target price on Capri from $23.00 to $17.00 and set a “market perform” rating on the stock in a report on Friday, April 11th. StockNews.com raised Capri from a “sell” rating to a “hold” rating in a research report on Friday, February 7th. Finally, Citigroup upgraded Capri from a “neutral” rating to a “buy” rating and raised their price objective for the company from $21.00 to $29.00 in a research note on Friday, January 10th. Nine equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Capri has a consensus rating of “Hold” and an average price target of $24.08.

Capri Stock Down 5.9 %

CPRI stock opened at $13.56 on Wednesday. Capri Holdings Limited has a fifty-two week low of $11.86 and a fifty-two week high of $43.34. The stock has a fifty day moving average of $19.86 and a 200-day moving average of $23.99. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of -1.59, a PEG ratio of 7.80 and a beta of 1.77. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.59 and a current ratio of 1.21.

Capri (NYSE:CPRI) last posted its quarterly earnings results 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 negative net margin of 21.79% and a positive return on equity of 12.89%. During the same quarter in the prior year, the business posted $1.20 earnings per share. As a group, equities research analysts predict that Capri Holdings Limited will post 0.98 earnings per share for the current 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.