Louisiana State Employees Retirement System Makes New Investment in Capri Holdings Limited (NYSE:CPRI)

Louisiana State Employees Retirement System bought a new stake in Capri Holdings Limited (NYSE:CPRI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 32,600 shares of the company's stock, valued at approximately $1,638,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in CPRI. Cerity Partners LLC grew its stake in Capri by 24.3% in the fourth quarter. Cerity Partners LLC now owns 5,295 shares of the company's stock valued at $266,000 after acquiring an additional 1,035 shares during the period. Soltis Investment Advisors LLC acquired a new position in shares of Capri during the fourth quarter worth about $639,000. GAM Holding AG boosted its position in shares of Capri by 21.2% during the fourth quarter. GAM Holding AG now owns 12,000 shares of the company's stock worth $603,000 after buying an additional 2,100 shares during the period. U S Global Investors Inc. acquired a new position in shares of Capri during the fourth quarter worth about $75,000. Finally, State of Alaska Department of Revenue boosted its position in shares of Capri by 273.7% during the fourth quarter. State of Alaska Department of Revenue now owns 51,554 shares of the company's stock worth $2,589,000 after buying an additional 37,760 shares during the period. 84.34% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently weighed in on CPRI shares. OTR Global reaffirmed a "mixed" rating on shares of Capri in a research report on Wednesday. Telsey Advisory Group reiterated a "market perform" rating and set a $57.00 target price on shares of Capri in a report on Friday, February 9th. Finally, StockNews.com initiated coverage on Capri in a report on Saturday, April 13th. They set a "hold" rating on the stock. Thirteen investment analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $50.50.

Capri Stock Performance

NYSE:CPRI traded up $0.70 on Friday, hitting $38.53. The company's stock had a trading volume of 2,274,775 shares, compared to its average volume of 1,609,528. The company has a current ratio of 1.06, a quick ratio of 0.49 and a debt-to-equity ratio of 0.71. The stock has a fifty day moving average of $44.94 and a two-hundred day moving average of $48.03. The firm has a market capitalization of $4.49 billion, a P/E ratio of 21.65, a price-to-earnings-growth ratio of 7.68 and a beta of 2.03. Capri Holdings Limited has a one year low of $34.17 and a one year high of $54.52.

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