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

Retirement Systems of Alabama lifted its position in Capri Holdings Limited (NYSE:CPRI - Free Report) by 227.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 469,148 shares of the company's stock after buying an additional 325,799 shares during the period. Retirement Systems of Alabama owned approximately 0.40% of Capri worth $9,256,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of CPRI. Vanguard Group Inc. grew its position in Capri by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 11,377,630 shares of the company's stock worth $239,613,000 after buying an additional 151,866 shares during the last quarter. Norges Bank bought a new stake in shares of Capri during the 4th quarter worth $58,070,000. Primecap Management Co. CA grew its holdings in shares of Capri by 13.2% in the 4th quarter. Primecap Management Co. CA now owns 4,688,333 shares of the company's stock worth $98,736,000 after acquiring an additional 547,578 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Capri during the fourth quarter worth $2,167,000. Finally, SWS Partners acquired a new stake in shares of Capri during the fourth quarter worth $1,468,000. Institutional investors and hedge funds own 84.34% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Robert W. Baird dropped their price target on Capri from $26.00 to $18.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Wall Street Zen upgraded shares of Capri from a "sell" rating to a "hold" rating in a report on Sunday, June 8th. Telsey Advisory Group restated a "market perform" rating and set a $20.00 price target (up previously from $17.00) on shares of Capri in a report on Wednesday, May 28th. JPMorgan Chase & Co. reduced their price target on shares of Capri from $19.00 to $18.00 and set a "neutral" rating for the company in a research report on Thursday, May 29th. Finally, UBS Group raised their price objective on shares of Capri from $14.00 to $18.00 and gave the stock a "neutral" rating in a research note 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 MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $22.50.

Capri Stock Up 0.2%

Capri stock traded up $0.03 during trading hours on Friday, hitting $17.56. The company had a trading volume of 18,817,125 shares, compared to its average volume of 3,456,770. The firm's fifty day moving average is $16.76 and its 200-day moving average is $19.47. The firm has a market capitalization of $2.07 billion, a P/E ratio of -1.76, a price-to-earnings-growth ratio of 0.36 and a beta of 1.70. Capri Holdings Limited has a fifty-two week low of $11.86 and a fifty-two week high of $43.34. The company has a debt-to-equity ratio of 3.97, a current ratio of 1.14 and a quick ratio of 0.49.

Capri (NYSE:CPRI - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The company reported ($4.90) earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by ($5.12). The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $989.05 million. Capri had a negative return on equity of 39.55% and a negative net margin of 26.61%. The company's revenue was down 15.4% compared to the same quarter last year. During the same period last year, the company posted $0.42 earnings per share. On average, research analysts forecast that Capri Holdings Limited will post 0.98 earnings per share for the current year.

Capri 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.