Retirement Systems of Alabama Has $7.31 Million Holdings in Capri Holdings Limited (NYSE:CPRI)

Retirement Systems of Alabama decreased its position in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) by 37.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 145,561 shares of the company's stock after selling 85,361 shares during the period. Retirement Systems of Alabama owned 0.13% of Capri worth $7,313,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Fifth Third Bancorp boosted its holdings in Capri by 34.0% in the 3rd quarter. Fifth Third Bancorp now owns 1,735 shares of the company's stock valued at $91,000 after purchasing an additional 440 shares during the period. M&T Bank Corp grew its position in Capri by 9.0% during the third quarter. M&T Bank Corp now owns 8,683 shares of the company's stock worth $457,000 after buying an additional 716 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Capri by 9.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 11,279 shares of the company's stock valued at $593,000 after acquiring an additional 1,012 shares during the period. Cerity Partners LLC raised its holdings in Capri by 24.3% in the 4th 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 in the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Capri by 27.8% in the 3rd quarter. SG Americas Securities LLC now owns 5,417 shares of the company's stock worth $285,000 after acquiring an additional 1,177 shares during the period. 84.34% of the stock is currently owned by institutional investors.

Capri Price Performance

NYSE CPRI traded up $0.58 during trading hours on Friday, reaching $35.68. 943,481 shares of the company's stock were exchanged, compared to its average volume of 2,487,385. The firm has a fifty day moving average of $42.68 and a 200-day moving average of $46.87. The company has a current ratio of 1.06, a quick ratio of 0.49 and a debt-to-equity ratio of 0.71. Capri Holdings Limited has a one year low of $34.17 and a one year high of $54.52. The stock has a market cap of $4.16 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 7.24 and a beta of 2.08.

Capri (NYSE:CPRI - Get Free Report) last released its quarterly 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). The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.48 billion. Capri had a net margin of 3.96% and a return on equity of 25.79%. The business's quarterly revenue was down 5.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.84 earnings per share. On average, equities research analysts predict that Capri Holdings Limited will post 3.8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Telsey Advisory Group lowered their price objective on Capri from $57.00 to $42.00 and set a "market perform" rating on the stock in a research report on Tuesday, April 23rd. StockNews.com started coverage on shares of Capri in a research note on Saturday, April 13th. They issued a "hold" rating for the company. Finally, OTR Global reiterated a "mixed" rating on shares of Capri in a research report on Wednesday, April 17th. Eleven research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $49.25.

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.