Teacher Retirement System of Texas Invests $340,000 in Capri Holdings Limited (NYSE:CPRI)

Teacher Retirement System of Texas bought a new position in shares of Capri Holdings Limited (NYSE:CPRI) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 17,235 shares of the company’s stock, valued at approximately $340,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FMR LLC grew its stake in Capri by 249.4% in the fourth quarter. FMR LLC now owns 9,987,603 shares of the company’s stock valued at $210,339,000 after acquiring an additional 7,129,123 shares during the period. Norges Bank bought a new stake in Capri during the fourth quarter worth about $58,070,000. Junto Capital Management LP bought a new stake in Capri during the fourth quarter worth about $26,112,000. Segall Bryant & Hamill LLC bought a new stake in Capri during the fourth quarter worth about $24,617,000. Finally, Dimensional Fund Advisors LP raised its stake in Capri by 72.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,595,029 shares of the company’s stock valued at $54,647,000 after buying an additional 1,088,051 shares during the period. Institutional investors own 84.34% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CPRI. JPMorgan Chase & Co. lowered their target price on Capri from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, May 29th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $20.00 target price (up previously from $17.00) on shares of Capri in a report on Wednesday, May 28th. Wall Street Zen downgraded Capri from a “hold” rating to a “sell” rating in a report on Sunday, July 13th. Robert W. Baird cut their price objective on Capri from $26.00 to $18.00 and set a “neutral” rating on the stock in a report on Friday, April 11th. Finally, UBS Group raised their price objective on Capri from $14.00 to $18.00 and gave the company a “neutral” rating in a report on Thursday, May 29th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $22.50.

Capri Price Performance

Shares of NYSE CPRI opened at $19.56 on Friday. Capri Holdings Limited has a twelve month low of $11.86 and a twelve month high of $43.34. The stock’s 50 day moving average price is $17.92 and its 200-day moving average price is $19.17. The company has a market capitalization of $2.31 billion, a PE ratio of -1.96, a PEG ratio of 0.41 and a beta of 1.67. The company has a quick ratio of 0.49, a current ratio of 1.14 and a debt-to-equity ratio of 3.97.

Capri (NYSE:CPRI) last posted its quarterly earnings data on Wednesday, May 28th. The company reported ($4.90) EPS for the quarter, missing the consensus estimate of $0.22 by ($5.12). Capri had a negative net margin of 26.61% and a negative return on equity of 39.55%. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $989.05 million. During the same quarter in the previous year, the company posted $0.42 EPS. Capri’s revenue for the quarter was down 15.4% on a year-over-year basis. On average, equities analysts anticipate that Capri Holdings Limited will post 0.98 EPS for the current year.

Capri Company 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.