Commonwealth of Pennsylvania Public School Empls Retrmt SYS Boosts Stock Position in Capri Holdings Limited (NYSE:CPRI)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its holdings in Capri Holdings Limited (NYSE:CPRI - Free Report) by 37.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 276,037 shares of the company's stock after purchasing an additional 75,072 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.23% of Capri worth $5,813,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of CPRI. Avior Wealth Management LLC grew its position in Capri by 15.2% in the 3rd quarter. Avior Wealth Management LLC now owns 4,033 shares of the company's stock worth $171,000 after purchasing an additional 533 shares during the period. Arizona State Retirement System grew its holdings in shares of Capri by 1.8% in the fourth quarter. Arizona State Retirement System now owns 34,185 shares of the company's stock worth $720,000 after acquiring an additional 596 shares during the period. Exchange Traded Concepts LLC increased its position in Capri by 3.0% during the fourth quarter. Exchange Traded Concepts LLC now owns 21,767 shares of the company's stock valued at $458,000 after acquiring an additional 643 shares during the last quarter. Xponance Inc. lifted its holdings in Capri by 5.7% in the fourth quarter. Xponance Inc. now owns 14,056 shares of the company's stock valued at $296,000 after acquiring an additional 757 shares during the period. Finally, Sunbelt Securities Inc. purchased a new position in Capri in the third quarter worth about $42,000. 84.34% of the stock is owned by institutional investors.

Remove Ads

Analysts Set New Price Targets

CPRI has been the subject of several research reports. Jefferies Financial Group upped their price target on shares of Capri from $20.00 to $23.00 and gave the company a "hold" rating in a research report on Tuesday, January 28th. StockNews.com upgraded shares of Capri from a "sell" rating to a "hold" rating in a research note on Friday, February 7th. Wells Fargo & Company boosted their price objective on shares of Capri from $28.00 to $30.00 and gave the company an "overweight" rating in a research report on Monday, January 27th. JPMorgan Chase & Co. upped their price target on shares of Capri from $15.00 to $19.00 and gave the stock a "neutral" rating in a research report on Monday, December 16th. Finally, Guggenheim restated a "buy" rating and set a $30.00 price objective on shares of Capri in a research report on Wednesday, February 12th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $25.92.

Capri Price Performance

NYSE:CPRI traded down $0.17 during trading hours on Tuesday, reaching $21.10. The stock had a trading volume of 1,319,595 shares, compared to its average volume of 2,761,561. The stock has a market capitalization of $2.49 billion, a PE ratio of -2.47, a PEG ratio of 7.80 and a beta of 2.10. Capri Holdings Limited has a 52 week low of $18.53 and a 52 week high of $46.09. The company has a 50 day moving average price of $22.40 and a two-hundred day moving average price of $26.47. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.59 and a current ratio of 1.21.

Capri (NYSE:CPRI - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.72 by ($0.27). Capri had a negative net margin of 21.79% and a positive return on equity of 12.89%. During the same quarter in the previous year, the company posted $1.20 EPS. As a group, sell-side analysts anticipate that Capri Holdings Limited will post 0.98 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.