Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 249,958 Shares of Capri Holdings Limited $CPRI

Commonwealth of Pennsylvania Public School Empls Retrmt SYS trimmed its holdings in Capri Holdings Limited (NYSE:CPRI) by 89.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,857 shares of the company’s stock after selling 249,958 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Capri were worth $526,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in CPRI. Arrowstreet Capital Limited Partnership bought a new position in shares of Capri during the fourth quarter valued at about $53,759,000. Norges Bank bought a new stake in Capri in the 4th quarter worth about $50,228,000. State Street Corp increased its stake in Capri by 19.3% in the 2nd quarter. State Street Corp now owns 4,479,231 shares of the company’s stock valued at $79,282,000 after buying an additional 724,967 shares during the last quarter. Rubric Capital Management LP purchased a new stake in Capri in the 4th quarter valued at about $16,470,000. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of Capri during the 4th quarter worth approximately $13,527,000. 84.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Capri

In other news, Director Stephen F. Reitman sold 17,981 shares of Capri stock in a transaction that occurred on Monday, June 8th. The stock was sold at an average price of $19.42, for a total value of $349,191.02. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 2.60% of the company’s stock.

Wall Street Analyst Weigh In

CPRI has been the subject of a number of recent analyst reports. Telsey Advisory Group reduced their price objective on Capri from $23.00 to $21.00 and set a “market perform” rating for the company in a research note on Thursday, May 28th. Raymond James Financial restated an “outperform” rating and set a $22.00 price target on shares of Capri in a research report on Thursday, May 28th. Barclays decreased their price objective on shares of Capri from $24.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday. Wells Fargo & Company dropped their target price on shares of Capri from $20.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Finally, Bank of America reduced their target price on shares of Capri from $23.00 to $20.00 and set a “neutral” rating for the company in a research report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $24.21.

Capri Trading Down 3.2%

Shares of CPRI stock opened at $16.40 on Friday. The company has a market capitalization of $1.88 billion, a PE ratio of 14.38, a price-to-earnings-growth ratio of 0.30 and a beta of 1.39. Capri Holdings Limited has a 52-week low of $16.21 and a 52-week high of $28.26. The business’s fifty day moving average is $18.64 and its 200 day moving average is $20.10. The company has a debt-to-equity ratio of 4.08, a quick ratio of 0.60 and a current ratio of 1.21.

Capri (NYSE:CPRI) last issued its earnings results on Thursday, May 28th. The company reported $0.22 earnings per share (EPS) 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 business had revenue of $796.00 million during the quarter, compared to analyst estimates of $800.04 million. During the same quarter in the prior year, the firm earned ($4.90) earnings per share. Capri’s revenue for the quarter was down 23.1% on a year-over-year basis. On average, equities research analysts anticipate that Capri Holdings Limited will post 2.07 EPS for the current fiscal year.

About Capri

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.