Moran Wealth Management LLC Lowers Stock Position in Capri Holdings Limited (NYSE:CPRI)

Moran Wealth Management LLC lessened its stake in shares of Capri Holdings Limited (NYSE:CPRI) by 1.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,244 shares of the company’s stock after selling 1,152 shares during the quarter. Moran Wealth Management LLC’s holdings in Capri were worth $3,915,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Bessemer Group Inc. boosted its stake in Capri by 82.4% during the first quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock worth $60,000 after buying an additional 601 shares during the period. EMC Capital Management boosted its stake in Capri by 32.7% during the first quarter. EMC Capital Management now owns 2,421 shares of the company’s stock worth $110,000 after buying an additional 596 shares during the period. CWM LLC boosted its stake 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 buying an additional 638 shares during the period. Signaturefd LLC boosted its stake in shares of Capri by 14.7% in the second quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock valued at $90,000 after purchasing an additional 351 shares during the period. Finally, KBC Group NV boosted its stake in shares of Capri by 26.9% in the third quarter. KBC Group NV now owns 3,074 shares of the company’s stock valued at $130,000 after purchasing an additional 652 shares during the period. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Capri Stock Up 0.1 %

Shares of Capri stock opened at $20.07 on Thursday. The firm’s fifty day simple moving average is $33.62 and its 200-day simple moving average is $33.85. Capri Holdings Limited has a 12 month low of $18.70 and a 12 month high of $51.23. The company has a quick ratio of 0.38, a current ratio of 0.93 and a debt-to-equity ratio of 0.83.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Barclays reissued an “equal weight” rating and issued a $21.00 price objective on shares of Capri in a research note on Wednesday. StockNews.com downgraded shares of Capri from a “hold” rating to a “sell” rating in a research note on Tuesday, August 27th. Telsey Advisory Group decreased their price target 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. TD Cowen decreased their price target on shares of Capri from $57.00 to $22.00 and set a “hold” rating for the company in a research note on Friday, November 15th. Finally, Robert W. Baird cut their price objective on shares of Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. One equities 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, the company presently has a consensus 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.