Regal Investment Advisors LLC lessened its holdings in Capri Holdings Limited (NYSE:CPRI – Get Rating) by 15.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,527 shares of the company’s stock after selling 3,649 shares during the period. Regal Investment Advisors LLC’s holdings in Capri were worth $1,267,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Counterpoint Mutual Funds LLC acquired a new stake in shares of Capri in the 4th quarter worth about $27,000. Sageworth Trust Co of South Dakota acquired a new stake in shares of Capri in the 4th quarter worth about $34,000. National Bank of Canada FI purchased a new stake in Capri in the 4th quarter valued at about $43,000. UMB Bank N A MO purchased a new stake in Capri in the 4th quarter valued at about $59,000. Finally, Marshall Wace LLP purchased a new stake in Capri in the 1st quarter valued at about $69,000. Institutional investors own 88.46% of the company’s stock.
In other Capri news, CFO Thomas Jr. Edwards sold 12,091 shares of the firm’s stock in a transaction on Wednesday, February 23rd. The shares were sold at an average price of $66.91, for a total value of $809,008.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Daniel Purefoy sold 1,950 shares of the firm’s stock in a transaction on Thursday, March 10th. The shares were sold at an average price of $50.80, for a total transaction of $99,060.00. The disclosure for this sale can be found here. 2.70% of the stock is owned by company insiders.
Several equities research analysts have commented on CPRI shares. MKM Partners increased their price objective on shares of Capri from $85.00 to $93.00 in a research note on Thursday, February 3rd. Zacks Investment Research lowered shares of Capri from a “buy” rating to a “hold” rating and set a $52.00 price objective for the company. in a research note on Tuesday, April 12th. StockNews.com upgraded shares of Capri from a “hold” rating to a “buy” rating in a research note on Sunday, May 1st. Sanford C. Bernstein assumed coverage on shares of Capri in a research note on Monday, March 14th. They issued a “market perform” rating and a $55.00 price objective for the company. Finally, Telsey Advisory Group decreased their price target on shares of Capri from $73.00 to $60.00 and set a “market perform” rating for the company in a research note on Tuesday, March 8th. Five analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $77.33.
About Capri (Get Rating)
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. The company's Versace segment offers ready-to-wear, accessories, footwear, eyewear, watches, jewelry, fragrances, and home furnishings through a distribution network, including boutiques; and department and specialty stores, as well as through Versace e-commerce sites.
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