South Dakota Investment Council Has $6.70 Million Stake in Capri Holdings Limited $CPRI

South Dakota Investment Council reduced its stake in Capri Holdings Limited (NYSE:CPRI) by 13.3% in the 2nd quarter, Holdings Channel reports. The firm owned 378,648 shares of the company’s stock after selling 58,186 shares during the period. South Dakota Investment Council’s holdings in Capri were worth $6,702,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Banque Cantonale Vaudoise bought a new position in shares of Capri in the first quarter valued at approximately $29,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Capri during the 1st quarter worth $30,000. CWM LLC grew its stake in Capri by 37.2% in the 2nd quarter. CWM LLC now owns 2,360 shares of the company’s stock valued at $42,000 after buying an additional 640 shares during the last quarter. Brooklyn Investment Group raised its holdings in Capri by 267.3% in the 1st quarter. Brooklyn Investment Group now owns 2,351 shares of the company’s stock worth $46,000 after acquiring an additional 1,711 shares during the period. Finally, Pingora Partners LLC acquired a new position in Capri during the 1st quarter worth $47,000. Institutional investors own 84.34% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CPRI. Wall Street Zen raised Capri from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. UBS Group increased their target price on Capri from $18.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Zacks Research raised Capri from a “strong sell” rating to a “hold” rating in a report on Tuesday, August 26th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Capri in a research report on Wednesday, October 8th. Finally, BTIG Research began coverage on Capri in a research report on Tuesday, October 14th. They issued a “buy” rating and a $30.00 price objective for the company. Seven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $24.43.

Capri Trading Down 0.2%

Shares of CPRI opened at $20.75 on Monday. The stock’s 50-day moving average price is $21.04 and its 200 day moving average price is $18.99. The company has a quick ratio of 0.61, a current ratio of 1.17 and a debt-to-equity ratio of 3.97. The firm has a market capitalization of $2.47 billion, a price-to-earnings ratio of -2.20, a P/E/G ratio of 0.45 and a beta of 1.82. Capri Holdings Limited has a 12-month low of $11.86 and a 12-month high of $26.23.

Capri (NYSE:CPRI) last announced its quarterly earnings data on Wednesday, August 6th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.37. The company had revenue of $797.00 million during the quarter, compared to the consensus estimate of $773.18 million. Capri had a negative return on equity of 53.50% and a negative net margin of 26.73%.The company’s quarterly revenue was down 6.0% on a year-over-year basis. During the same quarter last year, the company earned $0.04 EPS. As a group, research analysts predict that Capri Holdings Limited will post 0.98 earnings per share for the current year.

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.