Retirement Systems of Alabama Purchases 325,799 Shares of Capri Holdings Limited (NYSE:CPRI)

Retirement Systems of Alabama lifted its holdings in Capri Holdings Limited (NYSE:CPRI - Free Report) by 227.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 469,148 shares of the company's stock after purchasing an additional 325,799 shares during the quarter. Retirement Systems of Alabama owned 0.40% of Capri worth $9,256,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Arizona State Retirement System grew its stake in shares of Capri by 1.8% in the 4th quarter. Arizona State Retirement System now owns 34,185 shares of the company's stock worth $720,000 after buying an additional 596 shares in the last quarter. Xponance Inc. grew its position in Capri by 5.7% in the fourth quarter. Xponance Inc. now owns 14,056 shares of the company's stock worth $296,000 after acquiring an additional 757 shares in the last quarter. Investors Research Corp grew its position in Capri by 3.8% in the first quarter. Investors Research Corp now owns 21,669 shares of the company's stock worth $428,000 after acquiring an additional 800 shares in the last quarter. UMB Bank n.a. increased its stake in Capri by 134.9% during the first quarter. UMB Bank n.a. now owns 1,776 shares of the company's stock worth $35,000 after acquiring an additional 1,020 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in Capri by 758.1% during the first quarter. Farther Finance Advisors LLC now owns 1,433 shares of the company's stock valued at $28,000 after purchasing an additional 1,266 shares during the period. 84.34% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CPRI has been the subject of a number of recent research reports. Telsey Advisory Group reiterated a "market perform" rating and issued a $20.00 target price (up previously from $17.00) on shares of Capri in a report on Wednesday, May 28th. Wall Street Zen raised shares of Capri from a "sell" rating to a "hold" rating in a research note on Sunday, June 8th. Barclays cut their price objective on shares of 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 lowered their target price on shares of Capri from $26.00 to $18.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Finally, UBS Group upped their price target on shares of Capri from $14.00 to $18.00 and gave the company a "neutral" rating in a report on Thursday, May 29th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $22.50.

Capri Trading Up 0.5%

Shares of NYSE:CPRI traded up $0.08 during trading on Wednesday, reaching $16.99. 2,067,711 shares of the company were exchanged, compared to its average volume of 3,392,330. The company has a debt-to-equity ratio of 3.97, a current ratio of 1.14 and a quick ratio of 0.49. The firm has a market capitalization of $2.00 billion, a PE ratio of -1.71, a P/E/G ratio of 0.36 and a beta of 1.70. The business's fifty day simple moving average is $16.69 and its 200-day simple moving average is $19.50. Capri Holdings Limited has a 12-month low of $11.86 and a 12-month high of $43.34.

Capri (NYSE:CPRI - Get Free Report) last released 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). Capri had a negative return on equity of 39.55% and a negative net margin of 26.61%. The firm had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $989.05 million. During the same quarter in the previous year, the business earned $0.42 earnings per share. The company's revenue for the quarter was down 15.4% compared to the same quarter last year. On average, research analysts anticipate that Capri Holdings Limited will post 0.98 EPS 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.