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

State of New Jersey Common Pension Fund D grew its position in Capri Holdings Limited (NYSE:CPRI) by 3.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 56,049 shares of the company’s stock after acquiring an additional 1,636 shares during the period. 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.

Several other hedge funds have also modified their holdings of the company. Olympiad Research LP boosted its position in Capri by 47.5% during the third quarter. Olympiad Research LP now owns 41,864 shares of the company’s stock worth $1,777,000 after purchasing an additional 13,482 shares in the last quarter. US Bancorp DE lifted its position in shares of Capri by 164.1% during the 3rd quarter. US Bancorp DE now owns 5,097 shares of the company’s stock valued at $216,000 after buying an additional 3,167 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in Capri by 12.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 7,260 shares of the company’s stock valued at $308,000 after acquiring an additional 775 shares during the period. Patriot Financial Group Insurance Agency LLC purchased a new stake in Capri in the 3rd quarter worth $425,000. Finally, Frank Rimerman Advisors LLC raised its position in Capri by 13.7% during the third quarter. Frank Rimerman Advisors LLC now owns 13,512 shares of the company’s stock worth $573,000 after acquiring an additional 1,631 shares during the period. 84.34% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the stock. Robert W. Baird cut their target price 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. UBS Group reduced their target price on Capri from $42.00 to $39.00 and set a “neutral” rating for the company in a report on Wednesday, September 11th. Wells Fargo & Company lowered their price target on Capri from $42.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Friday, October 25th. StockNews.com downgraded Capri from a “hold” rating to a “sell” rating in a research note on Tuesday, August 27th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Capri from $57.00 to $22.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $30.29.

Capri Stock Up 1.3 %

Shares of NYSE:CPRI opened at $19.64 on Thursday. Capri Holdings Limited has a 52-week low of $18.75 and a 52-week high of $51.23. The stock 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 business has a fifty day moving average of $34.87 and a two-hundred day moving average of $34.28. The company has a quick ratio of 0.38, a current ratio of 0.93 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.