Retirement Systems of Alabama Cuts Stake in Capri Holdings Limited (NYSE:CPRI)

Retirement Systems of Alabama decreased its stake in Capri Holdings Limited (NYSE:CPRI) by 0.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 143,085 shares of the company’s stock after selling 787 shares during the period. Retirement Systems of Alabama owned approximately 0.12% of Capri worth $6,073,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Primecap Management Co. CA grew its position in Capri by 14.2% in the third quarter. Primecap Management Co. CA now owns 4,140,755 shares of the company’s stock valued at $175,734,000 after acquiring an additional 515,963 shares in the last quarter. FMR LLC grew its holdings in Capri by 389.2% during the 3rd quarter. FMR LLC now owns 2,858,480 shares of the company’s stock valued at $121,314,000 after purchasing an additional 2,274,149 shares in the last quarter. Geode Capital Management LLC increased its stake in Capri by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,942,145 shares of the company’s stock worth $82,446,000 after buying an additional 41,009 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Capri by 4.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,587,602 shares of the company’s stock worth $52,514,000 after buying an additional 68,081 shares in the last quarter. Finally, Baupost Group LLC MA purchased a new position in Capri in the 2nd quarter valued at about $33,080,000. Institutional investors and hedge funds own 84.34% of the company’s stock.

Wall Street Analysts Forecast Growth

CPRI has been the topic of several recent analyst reports. Guggenheim upgraded Capri from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Tuesday, November 26th. Barclays reiterated an “equal weight” rating and set a $21.00 target price on shares of Capri in a research note on Wednesday, November 20th. JPMorgan Chase & Co. lifted their price target on shares of Capri from $15.00 to $19.00 and gave the stock a “neutral” rating in a research note on Monday. StockNews.com downgraded shares of Capri from a “hold” rating to a “sell” rating in a research note on Tuesday, August 27th. Finally, Wells Fargo & Company dropped their target price on shares of Capri from $42.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $27.90.

Capri Stock Down 4.6 %

Capri stock opened at $21.18 on Thursday. The company’s 50-day moving average price is $26.43 and its two-hundred day moving average price is $31.98. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of -6.92, a PEG ratio of 4.63 and a beta of 2.05. Capri Holdings Limited has a 52 week low of $18.70 and a 52 week high of $51.23. The company has a current ratio of 0.93, a quick ratio of 0.38 and a debt-to-equity ratio of 0.83.

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.