New York State Teachers Retirement System Decreases Stake in Capri Holdings Limited (NYSE:CPRI)

New York State Teachers Retirement System reduced its position in Capri Holdings Limited (NYSE:CPRI) by 4.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 145,184 shares of the company’s stock after selling 6,000 shares during the period. New York State Teachers Retirement System owned 0.12% of Capri worth $7,294,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. GAM Holding AG lifted its position in shares of Capri by 21.2% in the fourth quarter. GAM Holding AG now owns 12,000 shares of the company’s stock worth $603,000 after buying an additional 2,100 shares in the last quarter. U S Global Investors Inc. purchased a new stake in shares of Capri in the fourth quarter worth about $75,000. State of Alaska Department of Revenue lifted its position in shares of Capri by 273.7% in the fourth quarter. State of Alaska Department of Revenue now owns 51,554 shares of the company’s stock worth $2,589,000 after buying an additional 37,760 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Capri by 30.2% in the fourth quarter. Pacer Advisors Inc. now owns 17,463 shares of the company’s stock worth $877,000 after buying an additional 4,051 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its position in Capri by 26.1% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 48,524 shares of the company’s stock valued at $2,438,000 after purchasing an additional 10,029 shares during the period. 84.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CPRI shares. StockNews.com started coverage on Capri in a research report on Friday, April 5th. They set a “hold” rating on the stock. Telsey Advisory Group restated a “market perform” rating and set a $57.00 price objective on shares of Capri in a research report on Friday, February 9th. Thirteen investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $50.50.

Capri Price Performance

Shares of CPRI stock opened at $40.78 on Friday. Capri Holdings Limited has a 52-week low of $34.17 and a 52-week high of $54.52. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.49 and a current ratio of 1.06. The firm has a market capitalization of $4.75 billion, a P/E ratio of 22.91, a P/E/G ratio of 8.88 and a beta of 2.03. The stock has a 50 day moving average price of $45.94 and a 200 day moving average price of $48.61.

Capri (NYSE:CPRI) last issued its quarterly earnings results on Thursday, February 8th. The company reported $1.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.48 billion. Capri had a return on equity of 25.79% and a net margin of 3.96%. Capri’s revenue was down 5.6% on a year-over-year basis. During the same period in the prior year, the business posted $1.84 earnings per share. As a group, sell-side analysts predict that Capri Holdings Limited will post 3.8 earnings per share for the current year.

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.