California State Teachers Retirement System Lowers Stock Holdings in Capri Holdings Limited (NYSE:CPRI)

California State Teachers Retirement System reduced its stake in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) by 57.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 109,991 shares of the company's stock after selling 147,055 shares during the period. California State Teachers Retirement System owned about 0.09% of Capri worth $2,316,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of CPRI. FMR LLC raised its stake in Capri by 249.4% in the 4th quarter. FMR LLC now owns 9,987,603 shares of the company's stock valued at $210,339,000 after acquiring an additional 7,129,123 shares during the period. Norges Bank purchased a new position in shares of Capri in the fourth quarter worth about $58,070,000. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of Capri during the 4th quarter valued at approximately $48,953,000. Junto Capital Management LP bought a new position in Capri in the 4th quarter worth approximately $26,112,000. Finally, Segall Bryant & Hamill LLC purchased a new position in Capri in the 4th quarter valued at approximately $24,617,000. 84.34% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on CPRI. Barclays dropped their target price on Capri from $19.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. Robert W. Baird decreased their price objective on Capri from $26.00 to $18.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Guggenheim restated a "buy" rating and issued a $30.00 target price on shares of Capri in a research note on Wednesday, February 12th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $20.00 target price (up previously from $17.00) on shares of Capri in a report on Wednesday, May 28th. Finally, Bank of America started coverage on shares of Capri in a research report on Monday, February 10th. They issued a "neutral" rating and a $23.00 price objective for the company. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $22.50.

Capri Trading Up 1.0%

Shares of NYSE CPRI traded up $0.18 during midday trading on Tuesday, reaching $17.59. The company had a trading volume of 2,063,251 shares, compared to its average volume of 3,344,021. The stock has a market cap of $2.07 billion, a PE ratio of -2.06, a price-to-earnings-growth ratio of 7.80 and a beta of 1.70. Capri Holdings Limited has a one year low of $11.86 and a one year high of $43.34. The firm's fifty day moving average price is $16.05 and its 200-day moving average price is $19.91. 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 - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The company reported ($4.90) EPS for the quarter, missing the consensus estimate of $0.22 by ($5.12). The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $989.05 million. Capri had a negative net margin of 21.79% and a positive return on equity of 12.89%. The business's revenue was down 15.4% on a year-over-year basis. During the same period last year, the company posted $0.42 earnings per share. On average, equities research analysts anticipate that Capri Holdings Limited will post 0.98 earnings per share for the current year.

About Capri

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.