Louisiana State Employees Retirement System Acquires Shares of 34,600 Capri Holdings Limited $CPRI

Louisiana State Employees Retirement System bought a new stake in shares of Capri Holdings Limited (NYSE:CPRI) during the first quarter, HoldingsChannel reports. The firm bought 34,600 shares of the company’s stock, valued at approximately $610,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CPRI. Quantbot Technologies LP bought a new position in shares of Capri in the 2nd quarter worth about $39,000. Caitong International Asset Management Co. Ltd boosted its stake in Capri by 273.9% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 2,236 shares of the company’s stock worth $55,000 after acquiring an additional 1,638 shares in the last quarter. MidFirst Bank purchased a new stake in Capri in the fourth quarter worth about $77,000. Hantz Financial Services Inc. grew its holdings in Capri by 57.9% in the fourth quarter. Hantz Financial Services Inc. now owns 4,266 shares of the company’s stock worth $104,000 after purchasing an additional 1,565 shares during the period. Finally, Rockefeller Capital Management L.P. increased its stake in shares of Capri by 14.8% during the fourth quarter. Rockefeller Capital Management L.P. now owns 4,303 shares of the company’s stock valued at $105,000 after purchasing an additional 555 shares in the last quarter. 84.34% of the stock is owned by hedge funds and other institutional investors.

Capri Stock Performance

Shares of CPRI opened at $19.43 on Wednesday. The business’s fifty day simple moving average is $18.96 and its two-hundred day simple moving average is $20.51. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 4.08. Capri Holdings Limited has a 12 month low of $16.72 and a 12 month high of $28.26. The company has a market cap of $2.23 billion, a price-to-earnings ratio of 17.04, a P/E/G ratio of 0.34 and a beta of 1.39.

Capri (NYSE:CPRI) last posted its quarterly earnings results on Thursday, May 28th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.11. Capri had a return on equity of 664.22% and a net margin of 3.94%.The firm had revenue of $796.00 million during the quarter, compared to analysts’ expectations of $800.04 million. During the same quarter in the previous year, the business earned ($4.90) earnings per share. The company’s revenue was down 23.1% on a year-over-year basis. Research analysts anticipate that Capri Holdings Limited will post 2.07 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Stephen F. Reitman sold 17,981 shares of the firm’s stock in a transaction dated Monday, June 8th. The shares were sold at an average price of $19.42, for a total transaction of $349,191.02. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 2.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CPRI has been the topic of a number of analyst reports. Telsey Advisory Group dropped their price target on Capri from $23.00 to $21.00 and set a “market perform” rating on the stock in a research report on Thursday, May 28th. Barclays reduced their price objective on Capri from $32.00 to $24.00 and set an “overweight” rating for the company in a research report on Wednesday, April 8th. Bank of America dropped their target price on Capri from $23.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday, May 28th. Wells Fargo & Company cut their target price on Capri from $21.00 to $20.00 and set an “equal weight” rating on the stock in a research note on Thursday, May 28th. Finally, Weiss Ratings upgraded Capri from a “sell (e+)” rating to a “sell (d)” rating in a report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $24.79.

Capri Company Profile

Capri Holdings Limited (NYSE: CPRI) is a global luxury fashion company that designs, markets and distributes a range of premium lifestyle products. The company’s principal brands—Michael Kors, Versace and Jimmy Choo—offer handbags, ready-to-wear apparel, footwear, watches, jewelry, fragrance and other accessories. Capri Holdings combines in-house design talent with international sourcing, manufacturing and retail operations to deliver collections that reflect each brand’s distinct heritage and aesthetic vision.

Formed in 2018 through the rebranding of Michael Kors Holdings following the acquisition of Versace, Capri has since integrated Jimmy Choo into its portfolio.