California Public Employees Retirement System Cuts Stake in Capri Holdings Limited (NYSE:CPRI)

California Public Employees Retirement System lowered its position in shares of Capri Holdings Limited (NYSE:CPRIGet Rating) by 11.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 287,973 shares of the company’s stock after selling 38,939 shares during the period. California Public Employees Retirement System owned about 0.22% of Capri worth $16,507,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Fox Run Management L.L.C. purchased a new stake in Capri during the 4th quarter valued at $336,000. Braun Stacey Associates Inc. boosted its position in Capri by 32.2% during the 4th quarter. Braun Stacey Associates Inc. now owns 109,026 shares of the company’s stock valued at $6,249,000 after buying an additional 26,525 shares during the period. South Dakota Investment Council boosted its position in Capri by 2.3% during the 4th quarter. South Dakota Investment Council now owns 314,963 shares of the company’s stock valued at $18,054,000 after buying an additional 7,200 shares during the period. Pelham Capital Ltd. purchased a new stake in Capri during the 4th quarter valued at $64,259,000. Finally, IFP Advisors Inc boosted its position in Capri by 1,892.1% during the 4th quarter. IFP Advisors Inc now owns 17,311 shares of the company’s stock valued at $683,000 after buying an additional 16,442 shares during the period. Hedge funds and other institutional investors own 90.28% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on the stock. UBS Group decreased their price objective on shares of Capri from $68.00 to $59.00 and set a “buy” rating for the company in a report on Wednesday, March 29th. BMO Capital Markets dropped their price target on shares of Capri from $74.00 to $70.00 and set an “outperform” rating on the stock in a report on Thursday, February 9th. Barclays downgraded shares of Capri from an “overweight” rating to an “equal weight” rating and set a $46.00 price target on the stock. in a report on Tuesday, May 2nd. Raymond James raised shares of Capri from an “outperform” rating to a “strong-buy” rating and set a $60.00 price objective on the stock in a report on Thursday, April 20th. Finally, Cowen downgraded shares of Capri from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $70.00 to $55.00 in a report on Monday, February 13th. Six equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $59.07.

Capri Price Performance

Capri stock opened at $39.22 on Friday. The company has a market cap of $4.93 billion, a price-to-earnings ratio of 7.41, a PEG ratio of 1.01 and a beta of 2.27. The firm’s fifty day moving average is $42.93 and its 200 day moving average is $51.24. The company has a quick ratio of 0.57, a current ratio of 1.34 and a debt-to-equity ratio of 0.68. Capri Holdings Limited has a 52-week low of $36.40 and a 52-week high of $69.25.

Capri (NYSE:CPRIGet Rating) last released its quarterly earnings results on Wednesday, February 8th. The company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.21 by ($0.37). The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.54 billion. Capri had a net margin of 12.66% and a return on equity of 36.64%. Capri’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period in the previous year, the company earned $2.22 EPS. Sell-side analysts forecast that Capri Holdings Limited will post 6.09 EPS for the current fiscal year.

Capri Company Profile

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Capri Holdings Ltd. operates as a global fashion luxury group. It engages in the design and distribution of sportswear, accessories, footwear and apparel of branded women’s apparel and accessories and men’s apparel. The firm operates through the following segments: Versace, Jimmy Choo, and Michael Kors.

Further Reading

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Institutional Ownership by Quarter for Capri (NYSE:CPRI)

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