South Dakota Investment Council Has $10.84 Million Stock Position in Capri Holdings Limited (NYSE:CPRI)

South Dakota Investment Council reduced its stake in shares of Capri Holdings Limited (NYSE:CPRI) by 0.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 514,626 shares of the company’s stock after selling 2,275 shares during the period. South Dakota Investment Council owned approximately 0.44% of Capri worth $10,838,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Primecap Management Co. CA raised its holdings in shares of Capri by 14.2% in the third quarter. Primecap Management Co. CA now owns 4,140,755 shares of the company’s stock valued at $175,734,000 after purchasing an additional 515,963 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Capri by 22,554.7% in the fourth quarter. Pacer Advisors Inc. now owns 3,902,960 shares of the company’s stock valued at $82,196,000 after purchasing an additional 3,885,732 shares during the last quarter. FMR LLC raised its holdings in shares of Capri by 389.2% in the third quarter. FMR LLC now owns 2,858,480 shares of the company’s stock valued at $121,314,000 after purchasing an additional 2,274,149 shares during the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of Capri in the fourth quarter valued at approximately $48,953,000. Finally, Geode Capital Management LLC raised its holdings in shares of Capri by 2.2% in the third quarter. Geode Capital Management LLC now owns 1,942,145 shares of the company’s stock valued at $82,446,000 after purchasing an additional 41,009 shares during the last quarter. 84.34% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Citigroup upgraded shares of Capri from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $21.00 to $29.00 in a report on Friday, January 10th. BMO Capital Markets raised shares of Capri from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $25.00 to $31.00 in a research report on Monday, January 6th. JPMorgan Chase & Co. boosted their target price on shares of Capri from $15.00 to $19.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. Bank of America began coverage on shares of Capri in a research report on Monday, February 10th. They issued a “neutral” rating and a $23.00 target price for the company. Finally, Jefferies Financial Group boosted their target price on shares of Capri from $20.00 to $23.00 and gave the company a “hold” rating in a research report on Tuesday, January 28th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Capri presently has an average rating of “Hold” and a consensus target price of $25.92.

Capri Stock Down 2.2 %

Shares of NYSE CPRI opened at $21.36 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36. The company has a market cap of $2.52 billion, a price-to-earnings ratio of -2.50, a PEG ratio of 7.80 and a beta of 2.06. Capri Holdings Limited has a 12 month low of $18.70 and a 12 month high of $47.17. The stock has a 50-day moving average price of $22.58 and a two-hundred day moving average price of $28.39.

Capri (NYSE:CPRI) last issued its earnings results on Wednesday, February 5th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.27). Capri had a positive return on equity of 12.89% and a negative net margin of 21.79%. During the same period last year, the company posted $1.20 EPS. As a group, analysts forecast 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.