Highland Capital Management LLC Sells 750 Shares of Capri Holdings Limited (NYSE:CPRI)

Highland Capital Management LLC decreased its position in Capri Holdings Limited (NYSE:CPRI) by 6.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,300 shares of the company’s stock after selling 750 shares during the quarter. Highland Capital Management LLC’s holdings in Capri were worth $341,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of CPRI. Calamos Advisors LLC grew its stake in Capri by 6.2% in the second quarter. Calamos Advisors LLC now owns 659,298 shares of the company’s stock worth $21,810,000 after purchasing an additional 38,343 shares during the period. Nisa Investment Advisors LLC grew its stake in Capri by 12.2% in the second quarter. Nisa Investment Advisors LLC now owns 6,485 shares of the company’s stock worth $215,000 after purchasing an additional 705 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in Capri by 50.2% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 8,399 shares of the company’s stock worth $278,000 after purchasing an additional 2,806 shares during the period. CWM LLC grew its stake in Capri by 35.2% in the second quarter. CWM LLC now owns 2,452 shares of the company’s stock worth $81,000 after purchasing an additional 638 shares during the period. Finally, GAMMA Investing LLC grew its stake in Capri by 1,580.1% in the second quarter. GAMMA Investing LLC now owns 3,713 shares of the company’s stock worth $123,000 after purchasing an additional 3,492 shares during the period. Institutional investors own 84.34% of the company’s stock.

Capri Stock Performance

Shares of Capri stock traded up $0.73 during trading on Friday, hitting $35.78. 1,964,862 shares of the company’s stock traded hands, compared to its average volume of 1,285,414. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.95 and a quick ratio of 0.44. Capri Holdings Limited has a 1 year low of $29.28 and a 1 year high of $53.06. The stock has a market capitalization of $4.17 billion, a P/E ratio of -18.16, a PEG ratio of 3.37 and a beta of 2.01. The business has a 50-day simple moving average of $33.07 and a 200-day simple moving average of $37.99.

Capri (NYSE:CPRI) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.55). Capri had a negative net margin of 4.43% and a positive return on equity of 22.76%. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period last year, the business earned $0.74 earnings per share. The company’s quarterly revenue was down 13.2% on a year-over-year basis. As a group, analysts forecast that Capri Holdings Limited will post 3.45 EPS for the current year.

Analyst Upgrades and Downgrades

CPRI has been the subject of several analyst reports. StockNews.com downgraded Capri from a “hold” rating to a “sell” rating in a report on Friday, August 16th. UBS Group reduced their price target on Capri from $41.00 to $39.00 and set a “neutral” rating for the company in a report on Wednesday, July 31st. Wells Fargo & Company reduced their price target on Capri from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Friday, August 9th. Telsey Advisory Group restated a “market perform” rating and set a $42.00 price target on shares of Capri in a report on Thursday, May 30th. Finally, Citigroup upgraded Capri from a “neutral” rating to a “buy” rating and reduced their price target for the company from $56.00 to $41.00 in a report on Monday, June 17th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $40.40.

Capri 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.