Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys 75,072 Shares of Capri Holdings Limited (NYSE:CPRI)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Capri Holdings Limited (NYSE:CPRI) by 37.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 276,037 shares of the company’s stock after buying an additional 75,072 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned about 0.23% of Capri worth $5,813,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Sunbelt Securities Inc. acquired a new position in shares of Capri in the 3rd quarter valued at about $42,000. Twin Tree Management LP acquired a new position in shares of Capri in the 4th quarter valued at about $45,000. Quarry LP acquired a new position in shares of Capri in the 3rd quarter valued at about $53,000. KBC Group NV lifted its stake in shares of Capri by 63.9% in the 4th quarter. KBC Group NV now owns 5,039 shares of the company’s stock valued at $106,000 after purchasing an additional 1,965 shares during the period. Finally, Avior Wealth Management LLC lifted its stake in shares of Capri by 15.2% in the 3rd quarter. Avior Wealth Management LLC now owns 4,033 shares of the company’s stock valued at $171,000 after purchasing an additional 533 shares during the period. Institutional investors own 84.34% of the company’s stock.

Wall Street Analyst Weigh In

CPRI has been the topic of a number of recent analyst reports. BMO Capital Markets raised Capri from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $25.00 to $31.00 in a research note on Monday, January 6th. Barclays dropped their price target on Capri from $21.00 to $19.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 6th. StockNews.com raised Capri from a “sell” rating to a “hold” rating in a research note on Friday, February 7th. Citigroup raised Capri from a “neutral” rating to a “buy” rating and upped their price target for the stock from $21.00 to $29.00 in a research note on Friday, January 10th. Finally, Guggenheim reaffirmed a “buy” rating and set a $30.00 price target on shares of Capri in a research note on Wednesday, February 12th. Nine analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $25.92.

Capri Stock Performance

Shares of Capri stock opened at $20.23 on Friday. The company has a market cap of $2.38 billion, a PE ratio of -2.37, a price-to-earnings-growth ratio of 7.80 and a beta of 2.10. Capri Holdings Limited has a 52 week low of $18.53 and a 52 week high of $46.09. The business has a 50 day moving average price of $22.45 and a 200-day moving average price of $26.64. The company has a quick ratio of 0.59, a current ratio of 1.21 and a debt-to-equity ratio of 1.36.

Capri (NYSE:CPRI) last released its earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.72 by ($0.27). Capri had a negative net margin of 21.79% and a positive return on equity of 12.89%. During the same period in the prior year, the business earned $1.20 earnings per share. Equities analysts anticipate that Capri Holdings Limited will post 0.98 earnings per share for the current fiscal year.

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.