New York State Common Retirement Fund Trims Holdings in Capri Holdings Limited (NYSE:CPRI)

New York State Common Retirement Fund trimmed its stake in shares of Capri Holdings Limited (NYSE:CPRIFree Report) by 66.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 107,697 shares of the company’s stock after selling 215,274 shares during the quarter. New York State Common Retirement Fund’s holdings in Capri were worth $5,666,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capula Management Ltd purchased a new stake in Capri during the 3rd quarter worth about $9,996,000. Picton Mahoney Asset Management purchased a new stake in Capri during the 3rd quarter worth about $16,571,000. Segantii Capital Management Ltd purchased a new stake in Capri during the 3rd quarter worth about $52,347,000. Todd Asset Management LLC lifted its holdings in Capri by 29.9% during the 3rd quarter. Todd Asset Management LLC now owns 86,900 shares of the company’s stock worth $4,572,000 after buying an additional 20,000 shares during the last quarter. Finally, Marshall Wace LLP purchased a new stake in shares of Capri in the 2nd quarter valued at about $30,038,000. 86.74% of the stock is owned by institutional investors and hedge funds.

Capri Stock Down 1.5 %

CPRI opened at $46.83 on Friday. The business has a 50 day moving average price of $49.37 and a two-hundred day moving average price of $49.35. The company has a quick ratio of 0.72, a current ratio of 1.60 and a debt-to-equity ratio of 1.09. The company has a market cap of $5.44 billion, a PE ratio of 26.31, a P/E/G ratio of 8.83 and a beta of 2.07. Capri Holdings Limited has a 52 week low of $34.17 and a 52 week high of $54.52.

Capri (NYSE:CPRIGet Free Report) last posted its quarterly earnings data on Thursday, February 8th. The company reported $1.20 EPS for the quarter, missing the consensus estimate of $1.74 by ($0.54). Capri had a net margin of 3.96% and a return on equity of 26.05%. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the prior year, the company earned $1.84 earnings per share. The firm’s revenue was down 5.6% on a year-over-year basis. As a group, research analysts anticipate that Capri Holdings Limited will post 4.77 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CPRI. StockNews.com began coverage on Capri in a report on Friday. They issued a “hold” rating for the company. Telsey Advisory Group reissued a “market perform” rating and issued a $57.00 target price on shares of Capri in a report on Friday. Fifteen analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $51.14.

Read Our Latest Report on Capri

Capri Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Capri (NYSE:CPRI)

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