Teachers Retirement System of The State of Kentucky Sells 8,000 Shares of Capri Holdings Limited (NYSE:CPRI)

Teachers Retirement System of The State of Kentucky lessened its holdings in Capri Holdings Limited (NYSE:CPRIGet Rating) by 9.1% during the 1st quarter, Holdings Channel.com reports. The firm owned 80,080 shares of the company’s stock after selling 8,000 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Capri were worth $4,116,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in CPRI. Goldman Sachs Group Inc. lifted its stake in shares of Capri by 41.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,649,958 shares of the company’s stock worth $136,182,000 after purchasing an additional 782,577 shares during the period. Assenagon Asset Management S.A. raised its stake in Capri by 1,404.8% during the 1st quarter. Assenagon Asset Management S.A. now owns 579,901 shares of the company’s stock worth $29,801,000 after acquiring an additional 541,363 shares during the period. Select Equity Group L.P. bought a new stake in Capri during the 1st quarter worth approximately $21,338,000. Clark Capital Management Group Inc. bought a new stake in Capri during the 1st quarter worth approximately $20,887,000. Finally, AGF Investments Inc. raised its stake in Capri by 85.7% during the 1st quarter. AGF Investments Inc. now owns 790,000 shares of the company’s stock worth $40,598,000 after acquiring an additional 364,687 shares during the period. Institutional investors own 85.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on CPRI. StockNews.com upgraded shares of Capri from a “hold” rating to a “buy” rating in a research note on Thursday, August 25th. The Goldman Sachs Group decreased their target price on shares of Capri from $69.00 to $59.00 and set a “buy” rating on the stock in a research note on Thursday, July 21st. Robert W. Baird reduced their price objective on shares of Capri from $85.00 to $75.00 and set an “outperform” rating on the stock in a research report on Thursday, June 2nd. JPMorgan Chase & Co. lifted their price objective on shares of Capri from $65.00 to $72.00 in a research report on Friday. Finally, Credit Suisse Group reduced their price objective on shares of Capri from $65.00 to $56.00 and set a “neutral” rating on the stock in a research report on Thursday, July 21st. Four equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $70.50.

Insiders Place Their Bets

In other Capri news, Director Judy Gibbons sold 4,920 shares of Capri stock in a transaction on Monday, August 29th. The shares were sold at an average price of $48.88, for a total transaction of $240,489.60. Following the completion of the transaction, the director now directly owns 24,620 shares of the company’s stock, valued at $1,203,425.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.60% of the stock is owned by insiders.

Capri Trading Down 3.6 %

CPRI stock opened at $44.49 on Monday. The firm has a fifty day moving average price of $48.35 and a 200 day moving average price of $47.90. Capri Holdings Limited has a fifty-two week low of $36.90 and a fifty-two week high of $72.37. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.51 and a current ratio of 1.29. The firm has a market cap of $6.35 billion, a PE ratio of 8.32, a price-to-earnings-growth ratio of 0.64 and a beta of 2.25.

Capri (NYSE:CPRIGet Rating) last posted its earnings results on Tuesday, August 9th. The company reported $1.50 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.14. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.30 billion. Capri had a net margin of 13.96% and a return on equity of 36.51%. Capri’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period last year, the firm posted $1.42 earnings per share. Sell-side analysts anticipate that Capri Holdings Limited will post 6.84 earnings per share for the current fiscal year.

Capri announced that its Board of Directors has initiated a share buyback plan on Wednesday, June 1st that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the company to purchase up to 13.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Capri Profile

(Get Rating)

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.

Recommended Stories

Want to see what other hedge funds are holding CPRI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Capri Holdings Limited (NYSE:CPRIGet Rating).

Institutional Ownership by Quarter for Capri (NYSE:CPRI)

Receive News & Ratings for Capri Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Capri and related companies with MarketBeat.com's FREE daily email newsletter.