State of Alaska Department of Revenue Boosts Stock Holdings in Capri Holdings Limited (NYSE:CPRI)

State of Alaska Department of Revenue increased its stake in Capri Holdings Limited (NYSE:CPRI - Free Report) by 273.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,554 shares of the company's stock after acquiring an additional 37,760 shares during the period. State of Alaska Department of Revenue's holdings in Capri were worth $2,589,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CPRI. Alpine Associates Management Inc. bought a new position in shares of Capri in the third quarter valued at approximately $128,347,000. Westchester Capital Management LLC acquired a new stake in Capri during the third quarter valued at approximately $87,352,000. Norges Bank acquired a new stake in Capri during the fourth quarter valued at approximately $79,231,000. PSquared Asset Management AG acquired a new stake in Capri during the third quarter valued at approximately $61,090,000. Finally, Segantii Capital Management Ltd acquired a new stake in Capri during the third quarter valued at approximately $52,347,000. 84.34% of the stock is currently owned by institutional investors.

Capri Stock Down 2.3 %

Shares of CPRI traded down $1.04 during mid-day trading on Friday, hitting $43.75. 1,037,151 shares of the company's stock were exchanged, compared to its average volume of 1,024,146. The firm has a fifty day moving average of $46.41 and a two-hundred day moving average of $48.87. Capri Holdings Limited has a twelve month low of $34.17 and a twelve month high of $54.52. The stock has a market cap of $5.10 billion, a price-to-earnings ratio of 24.58, a P/E/G ratio of 9.19 and a beta of 2.03. The company has a quick ratio of 0.49, a current ratio of 1.06 and a debt-to-equity ratio of 0.71.

Capri (NYSE:CPRI - Get Free Report) last posted its earnings results on Thursday, February 8th. The company reported $1.20 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.74 by ($0.54). Capri had a net margin of 3.96% and a return on equity of 25.79%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the business posted $1.84 earnings per share. The business's quarterly revenue was down 5.6% compared to the same quarter last year. On average, sell-side analysts forecast that Capri Holdings Limited will post 3.8 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CPRI shares. StockNews.com started coverage on shares of Capri in a research note on Friday. They set a "hold" rating for the company. Telsey Advisory Group restated a "market perform" rating and issued a $57.00 price target on shares of Capri in a research report on Friday, February 9th. Thirteen equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $50.50.

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.