Capri Holdings Limited (NYSE:CPRI) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund lowered its stake in Capri Holdings Limited (NYSE:CPRI) by 11.6% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 95,197 shares of the company’s stock after selling 12,500 shares during the quarter. New York State Common Retirement Fund’s holdings in Capri were worth $4,783,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of CPRI. SG Americas Securities LLC grew its stake in shares of Capri by 27.8% in the third quarter. SG Americas Securities LLC now owns 5,417 shares of the company’s stock valued at $285,000 after buying an additional 1,177 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Capri by 16.6% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,989 shares of the company’s stock valued at $1,262,000 after buying an additional 3,409 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Capri by 9.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,279 shares of the company’s stock valued at $593,000 after buying an additional 1,012 shares in the last quarter. First Trust Direct Indexing L.P. acquired a new stake in Capri during the 3rd quarter valued at approximately $247,000. Finally, Fifth Third Bancorp grew its stake in Capri by 34.0% during the 3rd quarter. Fifth Third Bancorp now owns 1,735 shares of the company’s stock valued at $91,000 after purchasing an additional 440 shares in the last quarter. Institutional investors and hedge funds own 84.34% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. StockNews.com initiated coverage on Capri in a research note on Saturday, April 13th. They set a “hold” rating for the company. OTR Global reissued a “mixed” rating on shares of Capri in a report on Wednesday, April 17th. Finally, Telsey Advisory Group cut their target price on shares of Capri from $57.00 to $42.00 and set a “market perform” rating on the stock in a research note on Tuesday, April 23rd. Eleven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $49.25.

Capri Price Performance

Shares of NYSE:CPRI opened at $35.68 on Friday. The company has a quick ratio of 0.49, a current ratio of 1.06 and a debt-to-equity ratio of 0.71. The firm has a 50-day simple moving average of $42.68 and a 200 day simple moving average of $46.90. Capri Holdings Limited has a fifty-two week low of $34.17 and a fifty-two week high of $54.52. The company has a market cap of $4.16 billion, a PE ratio of 20.04, a P/E/G ratio of 7.13 and a beta of 2.08.

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

About Capri

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.