Allspring Global Investments Holdings LLC Purchases Shares of 42,676 Capri Holdings Limited (NYSE:CPRI)

Allspring Global Investments Holdings LLC purchased a new position in shares of Capri Holdings Limited (NYSE:CPRI) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 42,676 shares of the company’s stock, valued at approximately $826,000.

Several other hedge funds have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. bought a new stake in Capri during the 1st quarter worth $30,000. Avory & Company LLC raised its stake in Capri by 36.3% during the 1st quarter. Avory & Company LLC now owns 245,729 shares of the company’s stock worth $4,848,000 after buying an additional 65,422 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in shares of Capri by 14.1% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 18,420 shares of the company’s stock worth $363,000 after purchasing an additional 2,271 shares during the last quarter. GAM Holding AG purchased a new stake in shares of Capri during the first quarter valued at approximately $6,785,000. Finally, L.M. Kohn & Company increased its position in shares of Capri by 28.6% during the first quarter. L.M. Kohn & Company now owns 14,313 shares of the company’s stock valued at $282,000 after acquiring an additional 3,180 shares during the last quarter. 84.34% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CPRI has been the subject of a number of analyst reports. Wells Fargo & Company cut their price target on Capri from $30.00 to $25.00 and set an “overweight” rating for the company in a report on Friday, April 11th. UBS Group raised their target price on Capri from $14.00 to $18.00 and gave the stock a “neutral” rating in a research note on Thursday, May 29th. JPMorgan Chase & Co. cut their price objective on Capri from $19.00 to $18.00 and set a “neutral” rating on the stock in a research report on Thursday, May 29th. Barclays dropped their price target on Capri from $19.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 10th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $20.00 price target (up from $17.00) on shares of Capri in a report on Wednesday, May 28th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $22.50.

Capri Price Performance

NYSE:CPRI opened at $18.80 on Wednesday. The stock has a market capitalization of $2.22 billion, a PE ratio of -1.89, a price-to-earnings-growth ratio of 0.39 and a beta of 1.67. Capri Holdings Limited has a 52 week low of $11.86 and a 52 week high of $43.34. The stock’s 50-day moving average price is $17.36 and its 200-day moving average price is $19.26. The company has a quick ratio of 0.49, a current ratio of 1.14 and a debt-to-equity ratio of 3.97.

Capri (NYSE:CPRI) last released its earnings results on Wednesday, May 28th. The company reported ($4.90) earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($5.12). The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $989.05 million. Capri had a negative return on equity of 39.55% and a negative net margin of 26.61%. The company’s revenue for the quarter was down 15.4% compared to the same quarter last year. During the same period last year, the business earned $0.42 earnings per share. As a group, equities analysts expect that Capri Holdings Limited will post 0.98 EPS for the current fiscal year.

Capri 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.