New York State Teachers Retirement System Cuts Stake in Capri Holdings Limited (NYSE:CPRI)

New York State Teachers Retirement System cut its holdings in shares of Capri Holdings Limited (NYSE:CPRI) by 2.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 124,812 shares of the company’s stock after selling 2,600 shares during the quarter. New York State Teachers Retirement System’s holdings in Capri were worth $5,297,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in CPRI. Bessemer Group Inc. grew its position in Capri by 82.4% during the 1st quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock worth $60,000 after acquiring an additional 601 shares during the last quarter. CWM LLC grew its holdings in shares of Capri by 35.2% in the second quarter. CWM LLC now owns 2,452 shares of the company’s stock worth $81,000 after purchasing an additional 638 shares during the last quarter. Signaturefd LLC increased its stake in shares of Capri by 14.7% in the second quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock worth $90,000 after buying an additional 351 shares during the period. EMC Capital Management raised its holdings in Capri by 32.7% during the 1st quarter. EMC Capital Management now owns 2,421 shares of the company’s stock valued at $110,000 after buying an additional 596 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new stake in Capri during the 1st quarter valued at $117,000. 84.34% of the stock is currently owned by institutional investors.

Capri Stock Up 1.9 %

Shares of Capri stock opened at $20.52 on Wednesday. Capri Holdings Limited has a 1 year low of $18.75 and a 1 year high of $51.23. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.95 and a quick ratio of 0.41. The company has a 50-day moving average of $36.70 and a 200 day moving average of $34.92. The firm has a market cap of $2.42 billion, a price-to-earnings ratio of -8.24, a PEG ratio of 3.43 and a beta of 2.05.

Capri (NYSE:CPRI) last released its earnings results on Thursday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.55). Capri had a negative net margin of 5.81% and a positive return on equity of 18.72%. The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same quarter in the previous year, the business posted $0.74 earnings per share. Capri’s revenue for the quarter was down 13.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Capri Holdings Limited will post 2.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on CPRI. Wells Fargo & Company lowered their price objective on shares of Capri from $42.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, October 25th. StockNews.com cut Capri from a “hold” rating to a “sell” rating in a report on Tuesday, August 27th. Telsey Advisory Group reissued a “market perform” rating and set a $26.00 target price on shares of Capri in a research note on Friday, November 1st. UBS Group dropped their price target on Capri from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Wednesday, September 11th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Capri from $57.00 to $22.00 and set a “neutral” rating for the company in a report on Friday, October 25th. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $31.50.

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.