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

Louisiana State Employees Retirement System acquired a new position in Capri Holdings Limited (NYSE:CPRI) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 34,600 shares of the company’s stock, valued at approximately $610,000.

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

Analyst Ratings Changes

Several research analysts recently commented on CPRI shares. Telsey Advisory Group decreased their target price on shares of Capri from $23.00 to $21.00 and set a “market perform” rating on the stock in a research note on Thursday, May 28th. JPMorgan Chase & Co. cut their price target on shares of Capri from $31.00 to $29.00 and set an “overweight” rating on the stock in a report on Thursday, May 28th. UBS Group decreased their price objective on shares of Capri from $22.00 to $20.00 and set a “neutral” rating on the stock in a research report on Thursday, May 28th. Bank of America dropped their target price on shares of Capri from $23.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, May 28th. Finally, BTIG Research reissued a “buy” rating and issued a $30.00 target price on shares of Capri in a research note on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $24.79.

Capri Stock Performance

NYSE:CPRI opened at $19.43 on Wednesday. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 4.08. The firm’s fifty day simple moving average is $18.96 and its 200 day simple moving average is $20.51. The stock has a market cap of $2.23 billion, a P/E ratio of 17.04, a price-to-earnings-growth ratio of 0.34 and a beta of 1.39. Capri Holdings Limited has a twelve month low of $16.72 and a twelve month high of $28.26.

Capri (NYSE:CPRI) last issued its quarterly earnings data on Thursday, May 28th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.11 by $0.11. The business had revenue of $796.00 million during the quarter, compared to analyst estimates of $800.04 million. Capri had a net margin of 3.94% and a return on equity of 664.22%. The company’s revenue for the quarter was down 23.1% on a year-over-year basis. During the same period in the prior year, the business earned ($4.90) EPS. As a group, research analysts predict that Capri Holdings Limited will post 2.07 EPS for the current year.

Insider Buying and Selling

In other Capri 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 value of $349,191.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.60% of the stock is owned by company insiders.

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.