Teacher Retirement System of Texas Acquires Shares of 17,235 Capri Holdings Limited (NYSE:CPRI)

Teacher Retirement System of Texas acquired a new position in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 17,235 shares of the company's stock, valued at approximately $340,000.

Other large investors have also recently added to or reduced their stakes in the company. FMR LLC increased its stake in Capri by 249.4% during the 4th quarter. FMR LLC now owns 9,987,603 shares of the company's stock worth $210,339,000 after purchasing an additional 7,129,123 shares in the last quarter. Norges Bank bought a new position in shares of Capri during the 4th quarter valued at about $58,070,000. Junto Capital Management LP bought a new stake in shares of Capri in the 4th quarter worth approximately $26,112,000. Segall Bryant & Hamill LLC purchased a new position in Capri during the fourth quarter valued at $24,617,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Capri by 72.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,595,029 shares of the company's stock worth $54,647,000 after purchasing an additional 1,088,051 shares in the last quarter. 84.34% of the stock is currently owned by institutional investors.

Capri Stock Up 0.6%

Shares of CPRI traded up $0.12 on Tuesday, hitting $19.53. 2,718,491 shares of the stock traded hands, compared to its average volume of 3,565,025. The company has a debt-to-equity ratio of 3.97, a quick ratio of 0.49 and a current ratio of 1.14. Capri Holdings Limited has a one year low of $11.86 and a one year high of $43.34. The company has a market capitalization of $2.30 billion, a PE ratio of -1.96, a P/E/G ratio of 0.41 and a beta of 1.67. The business has a 50 day simple moving average of $17.95 and a 200 day simple moving average of $19.14.

Capri (NYSE:CPRI - Get Free Report) last issued its earnings results 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 return on equity of 39.55% and a negative net margin of 26.61%. The company had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $989.05 million. During the same period last year, the business posted $0.42 earnings per share. The business's revenue was down 15.4% compared to the same quarter last year. As a group, equities analysts forecast that Capri Holdings Limited will post 0.98 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CPRI shares. Wall Street Zen lowered Capri from a "hold" rating to a "sell" rating in a report on Sunday, July 13th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $20.00 price objective (up from $17.00) on shares of Capri in a report on Wednesday, May 28th. UBS Group upped their target price on Capri from $14.00 to $18.00 and gave the company a "neutral" rating in a report on Thursday, May 29th. JPMorgan Chase & Co. dropped their target price on Capri from $19.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday, May 29th. Finally, Wells Fargo & Company lowered their price target on Capri from $30.00 to $25.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $22.50.

Capri Company 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.