Public Employees Retirement System of Ohio Takes Position in Capri Holdings Limited (NYSE:CPRI)

Public Employees Retirement System of Ohio bought a new position in shares of Capri Holdings Limited (NYSE:CPRI) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 89,632 shares of the company’s stock, valued at approximately $3,804,000. Public Employees Retirement System of Ohio owned about 0.08% of Capri at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. FMR LLC boosted its stake in shares of Capri by 389.2% during the 3rd quarter. FMR LLC now owns 2,858,480 shares of the company’s stock worth $121,314,000 after buying an additional 2,274,149 shares during the last quarter. Baupost Group LLC MA acquired a new position in Capri during the second quarter valued at approximately $33,080,000. DME Capital Management LP bought a new position in Capri in the second quarter valued at approximately $22,652,000. Primecap Management Co. CA increased its position in shares of Capri by 14.2% during the 3rd quarter. Primecap Management Co. CA now owns 4,140,755 shares of the company’s stock worth $175,734,000 after purchasing an additional 515,963 shares during the last quarter. Finally, Cinctive Capital Management LP bought a new stake in shares of Capri during the 3rd quarter worth approximately $12,689,000. Institutional investors own 84.34% of the company’s stock.

Analysts Set New Price Targets

CPRI has been the topic of a number of recent analyst reports. UBS Group lowered their target price on shares of Capri from $42.00 to $39.00 and set a “neutral” rating on the stock in a report on Wednesday, September 11th. Citigroup cut shares of Capri from a “buy” rating to a “neutral” rating and set a $41.00 target price on the stock. in a report on Friday, September 13th. JPMorgan Chase & Co. reduced their price target on Capri from $57.00 to $22.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Telsey Advisory Group dropped their price objective on Capri from $26.00 to $23.00 and set a “market perform” rating on the stock in a research note on Friday, November 15th. Finally, Guggenheim upgraded Capri from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Capri presently has a consensus rating of “Hold” and an average price target of $28.20.

Capri Stock Performance

NYSE:CPRI opened at $21.36 on Monday. The stock has a 50 day simple moving average of $27.24 and a 200 day simple moving average of $32.15. The stock has a market cap of $2.52 billion, a P/E ratio of -6.98, a PEG ratio of 4.63 and a beta of 2.05. Capri Holdings Limited has a 1-year low of $18.70 and a 1-year 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 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.