Allspring Global Investments Holdings LLC Makes New Investment in Capri Holdings Limited $CPRI

Allspring Global Investments Holdings LLC acquired a new position in shares of Capri Holdings Limited (NYSE:CPRI) during the 4th quarter, Holdings Channel.com reports. The fund acquired 554,619 shares of the company’s stock, valued at approximately $13,527,000.

A number of other large investors have also modified their holdings of CPRI. Arizona State Retirement System lifted its position in Capri by 1.4% in the third quarter. Arizona State Retirement System now owns 34,894 shares of the company’s stock worth $695,000 after purchasing an additional 483 shares during the period. Amalgamated Bank increased its holdings in Capri by 1.2% in the 3rd quarter. Amalgamated Bank now owns 52,398 shares of the company’s stock valued at $1,044,000 after buying an additional 616 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of Capri by 17.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 4,349 shares of the company’s stock valued at $87,000 after buying an additional 632 shares in the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in shares of Capri by 3.7% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 20,223 shares of the company’s stock valued at $403,000 after buying an additional 725 shares in the last quarter. Finally, California State Teachers Retirement System lifted its holdings in shares of Capri by 0.7% during the 2nd quarter. California State Teachers Retirement System now owns 108,789 shares of the company’s stock worth $1,926,000 after acquiring an additional 734 shares during the period. 84.34% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO John D. Idol purchased 55,000 shares of Capri stock in a transaction that occurred on Wednesday, March 11th. The shares were acquired at an average price of $17.98 per share, for a total transaction of $988,900.00. Following the transaction, the chief executive officer directly owned 2,257,645 shares in the company, valued at approximately $40,592,457.10. This represents a 2.50% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Sanford C. Bernstein reissued a “market perform” rating and issued a $24.00 target price on shares of Capri in a research note on Tuesday, January 6th. Robert W. Baird raised Capri from a “neutral” rating to an “outperform” rating and set a $26.00 price objective on the stock in a report on Wednesday, February 4th. BTIG Research reiterated a “buy” rating and issued a $30.00 price objective on shares of Capri in a research note on Friday, January 30th. Telsey Advisory Group reissued a “market perform” rating and issued a $23.00 target price on shares of Capri in a report on Tuesday, February 3rd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Capri in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $26.46.

Capri Stock Up 0.2%

NYSE CPRI opened at $17.99 on Friday. The stock’s 50 day simple moving average is $19.69 and its 200 day simple moving average is $22.01. Capri Holdings Limited has a one year low of $11.86 and a one year high of $28.26. The firm has a market cap of $2.14 billion, a PE ratio of -4.22, a price-to-earnings-growth ratio of 0.28 and a beta of 1.46. The company has a debt-to-equity ratio of 2.07, a current ratio of 1.14 and a quick ratio of 0.52.

Capri (NYSE:CPRI) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.03. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $999.84 million. Capri had a negative return on equity of 430.23% and a negative net margin of 13.57%.The business’s revenue for the quarter was down 4.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.63 EPS. As a group, sell-side analysts forecast that Capri Holdings Limited will post 0.98 earnings per share for the current fiscal year.

Capri Profile

Capri Holdings Limited (NYSE: CPRI) is a global luxury fashion company that designs, markets and distributes a range of premium lifestyle products. The company’s principal brands—Michael Kors, Versace and Jimmy Choo—offer handbags, ready-to-wear apparel, footwear, watches, jewelry, fragrance and other accessories. Capri Holdings combines in-house design talent with international sourcing, manufacturing and retail operations to deliver collections that reflect each brand’s distinct heritage and aesthetic vision.

Formed in 2018 through the rebranding of Michael Kors Holdings following the acquisition of Versace, Capri has since integrated Jimmy Choo into its portfolio.