Mutual of America Capital Management LLC Trims Stake in Capri Holdings Limited (NYSE:CPRI)

Mutual of America Capital Management LLC lessened its stake in shares of Capri Holdings Limited (NYSE:CPRI) by 4.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 63,660 shares of the company’s stock after selling 3,081 shares during the period. Mutual of America Capital Management LLC’s holdings in Capri were worth $2,702,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Blair William & Co. IL increased its position in Capri by 5.8% during the 2nd quarter. Blair William & Co. IL now owns 6,362 shares of the company’s stock worth $210,000 after purchasing an additional 350 shares in the last quarter. Signaturefd LLC grew its holdings in shares of Capri by 14.7% during the second quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock worth $90,000 after buying an additional 351 shares in the last quarter. EMC Capital Management raised its position in shares of Capri by 32.7% in the first quarter. EMC Capital Management now owns 2,421 shares of the company’s stock valued at $110,000 after buying an additional 596 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of Capri by 82.4% during the first quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock valued at $60,000 after buying an additional 601 shares during the period. Finally, CWM LLC boosted its position in Capri by 35.2% during the second quarter. CWM LLC now owns 2,452 shares of the company’s stock worth $81,000 after acquiring an additional 638 shares during the last quarter. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Capri Trading Up 4.0 %

Shares of CPRI stock opened at $20.48 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.93 and a debt-to-equity ratio of 0.83. Capri Holdings Limited has a fifty-two week low of $18.70 and a fifty-two week high of $51.23. The firm’s 50 day moving average price is $32.47 and its two-hundred day moving average price is $33.55. The stock has a market cap of $2.41 billion, a price-to-earnings ratio of -6.69, a price-to-earnings-growth ratio of 4.20 and a beta of 2.05.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CPRI. Robert W. Baird cut their price target on Capri from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Wells Fargo & Company dropped their target price on Capri from $42.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, October 25th. TD Cowen decreased their price target on Capri from $57.00 to $22.00 and set a “hold” rating on the stock in a research note on Friday, November 15th. Telsey Advisory Group dropped their price objective on shares of Capri from $26.00 to $23.00 and set a “market perform” rating for the company in a research note on Friday, November 15th. Finally, Barclays reissued an “equal weight” rating and issued a $21.00 target price on shares of Capri in a research report on Wednesday. One research analyst has rated the stock with a sell rating and nine have issued a hold rating to the company’s stock. Based on data from MarketBeat, Capri presently has an average rating of “Hold” and a consensus price target of $28.00.

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.