Louisiana State Employees Retirement System Invests $1.64 Million in Capri Holdings Limited (NYSE:CPRI)

Louisiana State Employees Retirement System purchased a new position in Capri Holdings Limited (NYSE:CPRI) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 32,600 shares of the company’s stock, valued at approximately $1,638,000.

Several other institutional investors have also recently made changes to their positions in CPRI. Alpine Associates Management Inc. bought a new position in shares of Capri in the third quarter worth $128,347,000. Westchester Capital Management LLC bought a new position in shares of Capri in the third quarter worth $87,352,000. Norges Bank purchased a new position in Capri in the fourth quarter worth $79,231,000. PSquared Asset Management AG purchased a new position in Capri in the third quarter worth $61,090,000. Finally, Segantii Capital Management Ltd purchased a new position in Capri in the third quarter worth $52,347,000. Institutional investors own 84.34% of the company’s stock.

Analyst Ratings Changes

CPRI has been the subject of several research reports. OTR Global reiterated a “mixed” rating on shares of Capri in a research report on Wednesday. StockNews.com initiated coverage on shares of Capri in a research report on Saturday, April 13th. They issued a “hold” rating for the company. Finally, Telsey Advisory Group reiterated a “market perform” rating and issued a $57.00 target price on shares of Capri in a research report on Friday, February 9th. Thirteen investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, Capri has a consensus rating of “Hold” and an average price target of $50.50.

Capri Stock Performance

NYSE CPRI opened at $38.52 on Friday. The company has a 50-day simple moving average of $44.94 and a two-hundred day simple moving average of $48.03. 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 Holdings Limited has a 12-month low of $34.17 and a 12-month high of $54.52. The firm has a market cap of $4.49 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 7.68 and a beta of 2.03.

Capri (NYSE:CPRI) last posted its earnings results on Thursday, February 8th. The company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 25.79% and a net margin of 3.96%. The firm’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.84 earnings per share. On average, equities analysts forecast that Capri Holdings Limited will post 3.8 EPS 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.