United Services Automobile Association Decreases Stock Holdings in Capri Holdings Ltd (NYSE:CPRI)

United Services Automobile Association trimmed its holdings in Capri Holdings Ltd (NYSE:CPRI) by 43.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,894 shares of the company’s stock after selling 41,475 shares during the quarter. United Services Automobile Association’s holdings in Capri were worth $1,904,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Destination Wealth Management acquired a new stake in shares of Capri during the 2nd quarter worth approximately $31,000. Coastal Investment Advisors Inc. acquired a new stake in shares of Capri during the 2nd quarter worth approximately $31,000. Pearl River Capital LLC acquired a new stake in shares of Capri during the 2nd quarter worth approximately $32,000. Advisory Services Network LLC acquired a new stake in shares of Capri during the 1st quarter worth approximately $54,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Capri during the 1st quarter worth approximately $61,000. 85.67% of the stock is currently owned by institutional investors and hedge funds.

Capri stock opened at $28.18 on Wednesday. Capri Holdings Ltd has a fifty-two week low of $25.25 and a fifty-two week high of $68.65. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.42 and a current ratio of 1.03. The firm has a 50 day moving average price of $29.59 and a 200 day moving average price of $36.47. The company has a market capitalization of $4.27 billion, a PE ratio of 5.67, a price-to-earnings-growth ratio of 1.05 and a beta of 0.83.



Capri (NYSE:CPRI) last posted its earnings results on Wednesday, August 7th. The company reported $0.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.05. Capri had a net margin of 7.45% and a return on equity of 30.29%. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter last year, the firm earned $1.32 EPS. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, equities research analysts forecast that Capri Holdings Ltd will post 4.89 earnings per share for the current year.

In related news, CEO John D. Idol bought 363,000 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was purchased at an average price of $27.48 per share, for a total transaction of $9,975,240.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 5.30% of the stock is currently owned by company insiders.

A number of analysts have recently issued reports on CPRI shares. Jefferies Financial Group raised their price target on shares of Capri from $75.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, September 18th. They noted that the move was a valuation call. Argus started coverage on shares of Capri in a report on Wednesday, June 12th. They set a “hold” rating for the company. MKM Partners cut their price target on shares of Capri to $35.00 and set a “neutral” rating for the company in a report on Monday, August 12th. ValuEngine upgraded shares of Capri from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Needham & Company LLC restated a “buy” rating and set a $50.00 price target (down previously from $54.00) on shares of Capri in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $52.23.

Capri Company Profile

Capri Holdings Limited design, markets, distributes, and retails branded women's and men's apparel and accessories. It operates in four segments: MK Retail, MK Wholesale, MK Licensing, and Jimmy Choo. The MK Retail segment sells women's apparel; handbags and small leather goods; men's apparel; footwear; and licensed products comprising watches, jewelry, fragrances, and beauty and eyewear.

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Institutional Ownership by Quarter for Capri (NYSE:CPRI)

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