Capri Holdings Limited (NYSE:CPRI) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama lessened its stake in shares of Capri Holdings Limited (NYSE:CPRI) by 37.0% in the 4th quarter, Holdings Channel reports. The institutional investor owned 145,561 shares of the company’s stock after selling 85,361 shares during the quarter. Retirement Systems of Alabama’s holdings in Capri were worth $7,313,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Fifth Third Bancorp increased its position in Capri by 34.0% during the third quarter. Fifth Third Bancorp now owns 1,735 shares of the company’s stock worth $91,000 after buying an additional 440 shares during the period. M&T Bank Corp raised its position in Capri by 9.0% in the 3rd quarter. M&T Bank Corp now owns 8,683 shares of the company’s stock valued at $457,000 after purchasing an additional 716 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Capri by 9.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,279 shares of the company’s stock valued at $593,000 after purchasing an additional 1,012 shares during the last quarter. Cerity Partners LLC boosted its stake in Capri by 24.3% during the 4th quarter. Cerity Partners LLC now owns 5,295 shares of the company’s stock worth $266,000 after purchasing an additional 1,035 shares during the period. Finally, SG Americas Securities LLC grew its position in Capri by 27.8% during the 3rd quarter. SG Americas Securities LLC now owns 5,417 shares of the company’s stock worth $285,000 after purchasing an additional 1,177 shares during the last quarter. 84.34% of the stock is owned by hedge funds and other institutional investors.

Capri Stock Up 1.7 %

CPRI opened at $35.68 on Friday. The business 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 12 month low of $34.17 and a 12 month high of $54.52. The stock has a market capitalization of $4.16 billion, a P/E ratio of 20.05, a P/E/G ratio of 7.24 and a beta of 2.08. 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 released its earnings results on Thursday, February 8th. The company reported $1.20 EPS for the quarter, missing analysts’ consensus estimates of $1.74 by ($0.54). Capri had a net margin of 3.96% and a return on equity of 25.79%. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period last year, the business posted $1.84 EPS. Capri’s revenue was down 5.6% compared to the same quarter last year. On average, equities analysts anticipate that Capri Holdings Limited will post 3.8 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.