State of Alaska Department of Revenue Sells 38,075 Shares of Capri Holdings Limited (NYSE:CPRI)

State of Alaska Department of Revenue lessened its holdings in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) by 73.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 13,569 shares of the company's stock after selling 38,075 shares during the period. State of Alaska Department of Revenue's holdings in Capri were worth $575,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Riverwater Partners LLC bought a new stake in Capri in the third quarter valued at approximately $1,030,000. Aristides Capital LLC bought a new stake in shares of Capri in the 2nd quarter valued at $1,865,000. State Board of Administration of Florida Retirement System increased its position in shares of Capri by 17.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 155,580 shares of the company's stock worth $7,312,000 after buying an additional 23,294 shares during the period. Fortis Group Advisors LLC bought a new position in Capri during the third quarter worth $2,149,000. Finally, Gabelli Funds LLC lifted its holdings in Capri by 7.1% in the first quarter. Gabelli Funds LLC now owns 504,599 shares of the company's stock valued at $22,858,000 after buying an additional 33,550 shares during the period. Institutional investors own 84.34% of the company's stock.

Capri Stock Down 6.7 %

Shares of NYSE:CPRI traded down $1.46 during midday trading on Friday, hitting $20.53. 11,184,281 shares of the company's stock were exchanged, compared to its average volume of 1,962,661. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.95 and a quick ratio of 0.41. Capri Holdings Limited has a 12 month low of $18.75 and a 12 month high of $51.23. The company has a market cap of $2.42 billion, a PE ratio of -8.24, a price-to-earnings-growth ratio of 3.44 and a beta of 2.05. The stock has a 50 day moving average price of $35.84 and a 200-day moving average price of $34.62.

Capri (NYSE:CPRI - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.55). The company had revenue of $1.07 billion during the quarter, compared to analysts' expectations of $1.16 billion. Capri had a positive return on equity of 18.72% and a negative net margin of 5.81%. The business's revenue for the quarter was down 13.2% compared to the same quarter last year. During the same period last year, the company earned $0.74 earnings per share. On average, sell-side analysts anticipate that Capri Holdings Limited will post 2.05 EPS for the current fiscal year.

Analyst Ratings Changes

CPRI has been the subject of several research analyst reports. StockNews.com lowered Capri from a "hold" rating to a "sell" rating in a research report on Tuesday, August 27th. JPMorgan Chase & Co. lowered their target price on Capri from $57.00 to $22.00 and set a "neutral" rating for the company in a report on Friday, October 25th. UBS Group cut their price target on Capri from $42.00 to $39.00 and set a "neutral" rating on the stock in a report on Wednesday, September 11th. Telsey Advisory Group reiterated a "market perform" rating and issued a $26.00 price objective on shares of Capri in a research note on Friday, November 1st. Finally, Citigroup lowered shares of Capri from a "buy" rating to a "neutral" rating and set a $41.00 target price on the stock. in a research note on Friday, September 13th. One investment analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $30.29.

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.