Amalgamated Bank decreased its holdings in shares of Capri Holdings Limited (NYSE:CPRI – Get Rating) by 4.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 102,097 shares of the company's stock after selling 5,284 shares during the period. Amalgamated Bank's holdings in Capri were worth $5,247,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. CWM LLC grew its holdings in shares of Capri by 19.9% in the 1st quarter. CWM LLC now owns 2,348 shares of the company's stock worth $121,000 after acquiring an additional 389 shares during the period. Comerica Bank grew its holdings in shares of Capri by 0.8% in the 1st quarter. Comerica Bank now owns 70,531 shares of the company's stock worth $3,673,000 after acquiring an additional 576 shares during the period. Twin Lakes Capital Management LLC grew its holdings in shares of Capri by 0.3% in the 1st quarter. Twin Lakes Capital Management LLC now owns 177,238 shares of the company's stock worth $9,108,000 after acquiring an additional 597 shares during the period. Synovus Financial Corp grew its holdings in shares of Capri by 3.4% in the 4th quarter. Synovus Financial Corp now owns 20,844 shares of the company's stock worth $1,353,000 after acquiring an additional 682 shares during the period. Finally, Navellier & Associates Inc. grew its holdings in shares of Capri by 6.1% in the 4th quarter. Navellier & Associates Inc. now owns 13,866 shares of the company's stock worth $900,000 after acquiring an additional 803 shares during the period. Institutional investors and hedge funds own 85.20% of the company's stock.

Capri Trading Up 1.6 %

Shares of CPRI opened at $45.21 on Tuesday. The company has a current ratio of 1.29, a quick ratio of 0.51 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $6.46 billion, a P/E ratio of 8.45, a price-to-earnings-growth ratio of 0.64 and a beta of 2.25. The stock's fifty day simple moving average is $48.42 and its 200 day simple moving average is $47.84. Capri Holdings Limited has a twelve month low of $36.90 and a twelve month high of $72.37.

Capri announced that its Board of Directors has authorized a stock repurchase plan on Wednesday, June 1st that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the company to purchase up to 13.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CPRI shares. Cowen lowered their price target on Capri from $80.00 to $70.00 and set an "outperform" rating on the stock in a report on Thursday, June 2nd. Barclays increased their target price on Capri from $66.00 to $72.00 and gave the company an "overweight" rating in a report on Thursday, August 11th. Morgan Stanley lowered their target price on Capri from $80.00 to $65.00 and set an "overweight" rating on the stock in a report on Friday, June 3rd. Cowen lowered their target price on Capri from $80.00 to $70.00 in a report on Thursday, June 2nd. Finally, Telsey Advisory Group reiterated a "market perform" rating on shares of Capri in a report on Thursday, May 26th. Four equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $70.50.

Insider Buying and Selling at Capri

In other Capri news, Director Judy Gibbons sold 4,920 shares of the firm's stock in a transaction dated Monday, August 29th. The stock was sold at an average price of $48.88, for a total value of $240,489.60. Following the transaction, the director now directly owns 24,620 shares of the company's stock, valued at $1,203,425.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.60% of the stock is currently owned by corporate insiders.

Capri Company Profile

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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.

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