Capri Holdings Limited (NYSE:CPRI) Shares Sold by Alaska Permanent Fund Corp

Alaska Permanent Fund Corp lessened its holdings in shares of Capri Holdings Limited (NYSE:CPRI) by 2.7% during the 4th quarter, Holdings Channel.com reports. The fund owned 61,314 shares of the company’s stock after selling 1,686 shares during the period. Alaska Permanent Fund Corp’s holdings in Capri were worth $3,080,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CPRI. Alpine Associates Management Inc. purchased a new position in Capri during the 3rd quarter worth approximately $128,347,000. Westchester Capital Management LLC purchased a new position in Capri during the 3rd quarter worth approximately $87,352,000. PSquared Asset Management AG purchased a new position in Capri during the 3rd quarter worth approximately $61,090,000. Segantii Capital Management Ltd purchased a new position in Capri during the 3rd quarter worth approximately $52,347,000. Finally, KRYGER CAPITAL Ltd purchased a new position in Capri during the 3rd quarter worth approximately $35,642,000. Institutional investors and hedge funds own 84.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Telsey Advisory Group dropped their price target on Capri from $57.00 to $42.00 and set a “market perform” rating on the stock in a research note on Tuesday. StockNews.com assumed coverage on Capri in a research note on Saturday, April 13th. They issued a “hold” rating on the stock. Finally, OTR Global reiterated a “mixed” rating on shares of Capri in a research note on Wednesday, April 17th. Thirteen investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $49.25.

Capri Price Performance

Shares of Capri stock traded down $1.11 during trading on Wednesday, reaching $35.40. The company’s stock had a trading volume of 4,506,232 shares, compared to its average volume of 1,350,485. 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 company has a market capitalization of $4.13 billion, a P/E ratio of 20.51, a price-to-earnings-growth ratio of 7.71 and a beta of 2.03. The business has a 50 day moving average price of $44.54 and a 200-day moving average price of $47.78.

Capri (NYSE:CPRI) last issued its quarterly earnings data 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 firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.48 billion. Capri had a return on equity of 25.79% and a net margin of 3.96%. The business’s revenue for the quarter was down 5.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.84 earnings per share. As a group, sell-side analysts anticipate 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.