Allspring Global Investments Holdings LLC Purchases 86,361 Shares of Capri Holdings Limited $CPRI

Allspring Global Investments Holdings LLC raised its position in Capri Holdings Limited (NYSE:CPRI) by 15.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 640,980 shares of the company’s stock after acquiring an additional 86,361 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Capri were worth $11,518,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CPRI. Sanctuary Advisors LLC acquired a new position in shares of Capri in the first quarter valued at $190,000. Oregon Public Employees Retirement Fund boosted its stake in Capri by 2.5% during the first quarter. Oregon Public Employees Retirement Fund now owns 24,444 shares of the company’s stock worth $431,000 after buying an additional 600 shares in the last quarter. Saxon Interests Inc. bought a new stake in Capri in the 1st quarter valued at $698,000. Leonteq Securities AG increased its holdings in Capri by 32.2% in the 1st quarter. Leonteq Securities AG now owns 11,463 shares of the company’s stock valued at $202,000 after buying an additional 2,794 shares during the period. Finally, Strs Ohio raised its stake in shares of Capri by 10.1% in the 1st quarter. Strs Ohio now owns 19,700 shares of the company’s stock valued at $347,000 after buying an additional 1,800 shares in the last quarter. Institutional investors own 84.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on CPRI. Barclays reduced their price objective on shares of Capri from $24.00 to $20.00 and set an “overweight” rating for the company in a report on Thursday, July 16th. Telsey Advisory Group dropped their price target on shares of Capri from $23.00 to $21.00 and set a “market perform” rating for the company in a research report on Thursday, May 28th. JPMorgan Chase & Co. cut their price target on shares of Capri from $31.00 to $29.00 and set an “overweight” rating for the company in a research note on Thursday, May 28th. Bank of America decreased their price objective on Capri from $23.00 to $20.00 and set a “neutral” rating on the stock in a report on Thursday, May 28th. Finally, UBS Group lowered their price objective on Capri from $22.00 to $20.00 and set a “neutral” rating on the stock in a research note on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Capri presently has an average rating of “Hold” and a consensus price target of $24.21.

Capri Stock Performance

NYSE:CPRI opened at $16.12 on Thursday. Capri Holdings Limited has a 1 year low of $15.53 and a 1 year high of $28.26. The firm has a 50 day moving average of $18.56 and a 200-day moving average of $19.89. The company has a current ratio of 1.21, a quick ratio of 0.60 and a debt-to-equity ratio of 4.08. The stock has a market capitalization of $1.85 billion, a P/E ratio of 14.14, a price-to-earnings-growth ratio of 0.29 and a beta of 1.39.

Capri (NYSE:CPRI) last released its quarterly earnings results on Thursday, May 28th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.11. Capri had a return on equity of 664.22% and a net margin of 3.94%.The business had revenue of $796.00 million for the quarter, compared to analyst estimates of $800.04 million. During the same period in the prior year, the company earned ($4.90) EPS. Capri’s revenue for the quarter was down 23.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Capri Holdings Limited will post 2.07 EPS for the current fiscal year.

Insider Transactions at Capri

In related news, Director Stephen F. Reitman sold 17,981 shares of Capri stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $19.42, for a total value of $349,191.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.60% of the stock is currently owned by corporate insiders.

About Capri

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.