Arizona State Retirement System Reduces Stock Position in Capri Holdings Limited (NYSE:CPRI)

Arizona State Retirement System lessened its stake in Capri Holdings Limited (NYSE:CPRI) by 2.9% in the fourth quarter, HoldingsChannel reports. The firm owned 32,466 shares of the company’s stock after selling 956 shares during the period. Arizona State Retirement System’s holdings in Capri were worth $1,631,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. U S Global Investors Inc. purchased a new position in shares of Capri in the 4th quarter worth $75,000. Fifth Third Bancorp lifted its holdings in Capri by 34.0% in the third quarter. Fifth Third Bancorp now owns 1,735 shares of the company’s stock valued at $91,000 after acquiring an additional 440 shares during the period. Itau Unibanco Holding S.A. purchased a new position in Capri in the second quarter worth about $63,000. EMC Capital Management bought a new stake in shares of Capri during the 3rd quarter valued at about $96,000. Finally, HBK Sorce Advisory LLC purchased a new stake in shares of Capri during the 1st quarter valued at about $215,000. 84.34% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CPRI has been the topic of a number of research reports. StockNews.com began coverage on shares of Capri in a report on Saturday. They issued a “hold” rating on the stock. Telsey Advisory Group reiterated a “market perform” rating and issued a $57.00 price target on shares of Capri in a research report on Friday, February 9th. Thirteen analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $50.50.

Capri Stock Performance

Shares of NYSE CPRI opened at $39.32 on Friday. The stock has a market cap of $4.58 billion, a PE ratio of 22.09, a price-to-earnings-growth ratio of 8.64 and a beta of 2.03. Capri Holdings Limited has a 1 year low of $34.17 and a 1 year high of $54.52. The firm has a fifty day moving average price of $45.77 and a 200-day moving average price of $48.52. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.06 and a quick ratio of 0.49.

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). Capri had a return on equity of 25.79% and a net margin of 3.96%. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the previous year, the company posted $1.84 EPS. The company’s quarterly revenue was down 5.6% on a year-over-year basis. Equities analysts anticipate that Capri Holdings Limited will post 3.8 earnings per share for the current fiscal 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.