Texas Permanent School Fund Corp Reduces Holdings in Capri Holdings Limited (NYSE:CPRI)

Texas Permanent School Fund Corp trimmed its holdings in shares of Capri Holdings Limited (NYSE:CPRIFree Report) by 10.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 98,575 shares of the company’s stock after selling 12,111 shares during the period. Texas Permanent School Fund Corp owned about 0.08% of Capri worth $5,186,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CPRI. LSV Asset Management raised its stake in shares of Capri by 903.2% during the second quarter. LSV Asset Management now owns 2,732,740 shares of the company’s stock valued at $98,078,000 after purchasing an additional 2,460,340 shares during the period. Alpine Associates Management Inc. purchased a new stake in shares of Capri during the third quarter valued at approximately $128,347,000. Westchester Capital Management LLC purchased a new stake in shares of Capri during the third quarter valued at approximately $87,352,000. Norges Bank purchased a new stake in shares of Capri during the fourth quarter valued at approximately $79,231,000. Finally, Segantii Capital Management Ltd purchased a new stake in shares of Capri during the third quarter valued at approximately $52,347,000. 86.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on CPRI. Telsey Advisory Group reiterated a “market perform” rating and set a $57.00 price objective on shares of Capri in a research note on Friday. StockNews.com started coverage on shares of Capri in a research note on Friday. They issued a “hold” rating for the company. Fifteen investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $51.14.

Read Our Latest Stock Report on Capri

Capri Stock Up 1.4 %

CPRI stock opened at $47.49 on Tuesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.06 and a quick ratio of 0.49. Capri Holdings Limited has a 1-year low of $34.17 and a 1-year high of $54.52. The firm has a fifty day moving average price of $49.34 and a two-hundred day moving average price of $49.52. The firm has a market cap of $5.54 billion, a price-to-earnings ratio of 26.68, a PEG ratio of 8.69 and a beta of 2.07.

Capri (NYSE:CPRIGet Free Report) last released its earnings results on Thursday, February 8th. The company reported $1.20 earnings per share 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 25.79%. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the firm earned $1.84 EPS. The firm’s revenue for the quarter was down 5.6% on a year-over-year basis. Research analysts predict that Capri Holdings Limited will post 4.77 EPS for the current year.

About Capri

(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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