Capri Holdings Limited (NYSE:CPRI) Shares Purchased by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D boosted its holdings in shares of Capri Holdings Limited (NYSE:CPRI) by 3.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 56,049 shares of the company’s stock after buying an additional 1,636 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Capri were worth $2,379,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bessemer Group Inc. increased its position in shares of Capri by 82.4% during the 1st quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock worth $60,000 after purchasing an additional 601 shares during the last quarter. CWM LLC increased its position in shares of Capri by 35.2% during the second quarter. CWM LLC now owns 2,452 shares of the company’s stock valued at $81,000 after acquiring an additional 638 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Capri by 14.7% in the 2nd quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock worth $90,000 after acquiring an additional 351 shares during the last quarter. EMC Capital Management boosted its position in shares of Capri by 32.7% during the 1st quarter. EMC Capital Management now owns 2,421 shares of the company’s stock worth $110,000 after purchasing an additional 596 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in Capri in the first quarter valued at approximately $117,000. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Wall Street Analyst Weigh In

CPRI has been the subject of several research analyst reports. JPMorgan Chase & Co. lowered their price target on Capri from $57.00 to $22.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. StockNews.com cut Capri from a “hold” rating to a “sell” rating in a report on Tuesday, August 27th. UBS Group cut their price target on shares of Capri from $42.00 to $39.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 11th. Robert W. Baird lowered their price objective on shares of Capri from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $26.00 price objective on shares of Capri in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $30.29.

Capri Stock Performance

Shares of CPRI stock opened at $19.64 on Thursday. The company has a market cap of $2.32 billion, a P/E ratio of -6.42, a PEG ratio of 3.84 and a beta of 2.05. The firm has a fifty day moving average price of $34.87 and a 200 day moving average price of $34.28. 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 Holdings Limited has a 12 month low of $18.75 and a 12 month high of $51.23.

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.