Capri Holdings Limited (NYSE:CPRI) Stock Position Lowered by South Dakota Investment Council

South Dakota Investment Council lessened its stake in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) by 15.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 436,834 shares of the company's stock after selling 77,792 shares during the period. South Dakota Investment Council owned 0.37% of Capri worth $8,619,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Farther Finance Advisors LLC increased its position in shares of Capri by 758.1% during the 1st quarter. Farther Finance Advisors LLC now owns 1,433 shares of the company's stock worth $28,000 after purchasing an additional 1,266 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Capri in the 1st quarter valued at approximately $30,000. UMB Bank n.a. raised its stake in shares of Capri by 134.9% in the 1st quarter. UMB Bank n.a. now owns 1,776 shares of the company's stock valued at $35,000 after acquiring an additional 1,020 shares during the period. Fifth Third Bancorp lifted its holdings in shares of Capri by 139.6% in the 1st quarter. Fifth Third Bancorp now owns 2,343 shares of the company's stock worth $46,000 after acquiring an additional 1,365 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new position in shares of Capri during the 4th quarter worth approximately $74,000. Hedge funds and other institutional investors own 84.34% of the company's stock.

Capri Trading Up 0.5%

Shares of Capri stock traded up $0.09 during mid-day trading on Friday, hitting $19.56. 1,399,042 shares of the stock were exchanged, compared to its average volume of 3,561,382. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of -1.96, a price-to-earnings-growth ratio of 0.41 and a beta of 1.67. Capri Holdings Limited has a twelve month low of $11.86 and a twelve month high of $43.34. The company has a current ratio of 1.14, a quick ratio of 0.49 and a debt-to-equity ratio of 3.97. The company has a 50-day simple moving average of $17.92 and a 200 day simple moving average of $19.15.

Capri (NYSE:CPRI - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The company reported ($4.90) EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($5.12). Capri had a negative net margin of 26.61% and a negative return on equity of 39.55%. The business had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $989.05 million. During the same period in the prior year, the firm earned $0.42 EPS. Capri's revenue for the quarter was down 15.4% on a year-over-year basis. Research analysts forecast that Capri Holdings Limited will post 0.98 EPS for the current year.

Wall Street Analysts Forecast Growth

CPRI has been the topic of several recent research reports. JPMorgan Chase & Co. cut their price target on Capri from $19.00 to $18.00 and set a "neutral" rating on the stock in a report on Thursday, May 29th. Robert W. Baird cut their target price on shares of Capri from $26.00 to $18.00 and set a "neutral" rating on the stock in a research note on Friday, April 11th. Telsey Advisory Group reaffirmed 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. Barclays lowered their price target on shares of Capri from $19.00 to $13.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. Finally, UBS Group raised their price objective on shares of Capri from $14.00 to $18.00 and gave the company a "neutral" rating in a report on Thursday, May 29th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $22.50.

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.