Glenmede Trust Co. NA Trims Position in Capri Holdings Limited (NYSE:CPRI)

Glenmede Trust Co. NA lessened its stake in shares of Capri Holdings Limited (NYSE:CPRI) by 19.5% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,071 shares of the company’s stock after selling 3,170 shares during the quarter. Glenmede Trust Co. NA’s holdings in Capri were worth $555,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Blair William & Co. IL boosted its position in shares of Capri by 5.8% during the 2nd quarter. Blair William & Co. IL now owns 6,362 shares of the company’s stock valued at $210,000 after acquiring an additional 350 shares during the last quarter. Signaturefd LLC boosted its position in shares of Capri by 14.7% during the 2nd quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock valued at $90,000 after acquiring an additional 351 shares during the last quarter. Avior Wealth Management LLC boosted its position in shares of Capri by 15.2% during the 3rd quarter. Avior Wealth Management LLC now owns 4,033 shares of the company’s stock valued at $171,000 after acquiring an additional 533 shares during the last quarter. CWM LLC boosted its position in shares of Capri by 35.2% during the 2nd quarter. CWM LLC now owns 2,452 shares of the company’s stock valued at $81,000 after acquiring an additional 638 shares during the last quarter. Finally, KBC Group NV boosted its position in shares of Capri by 26.9% during the 3rd quarter. KBC Group NV now owns 3,074 shares of the company’s stock valued at $130,000 after acquiring an additional 652 shares during the last quarter. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Capri Price Performance

Shares of Capri stock opened at $22.86 on Wednesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.93 and a quick ratio of 0.38. The business’s 50 day simple moving average is $30.27 and its two-hundred day simple moving average is $32.86. The stock has a market capitalization of $2.69 billion, a P/E ratio of -7.47, a price-to-earnings-growth ratio of 4.98 and a beta of 2.05. Capri Holdings Limited has a one year low of $18.70 and a one year high of $51.23.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CPRI shares. Citigroup downgraded Capri from a “buy” rating to a “neutral” rating and set a $41.00 price target for the company. in a research report on Friday, September 13th. Telsey Advisory Group dropped their target price on Capri from $26.00 to $23.00 and set a “market perform” rating for the company in a research report on Friday, November 15th. JPMorgan Chase & Co. dropped their target price on Capri from $57.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Robert W. Baird dropped their target price on Capri from $24.00 to $23.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. Finally, UBS Group dropped their target price on Capri from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $28.20.

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.