Capri Holdings Limited $CPRI Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its position in Capri Holdings Limited (NYSE:CPRI) by 1.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 41,881 shares of the company’s stock after selling 795 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Capri were worth $763,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. CWM LLC lifted its stake in shares of Capri by 37.2% in the 2nd quarter. CWM LLC now owns 2,360 shares of the company’s stock valued at $42,000 after purchasing an additional 640 shares during the period. Vanguard Personalized Indexing Management LLC raised its position in Capri by 59.0% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 19,498 shares of the company’s stock worth $345,000 after acquiring an additional 7,232 shares during the period. Vontobel Holding Ltd. raised its position in Capri by 40.2% during the second quarter. Vontobel Holding Ltd. now owns 61,770 shares of the company’s stock worth $1,093,000 after acquiring an additional 17,711 shares during the period. Capricorn Fund Managers Ltd raised its position in Capri by 62.5% during the second quarter. Capricorn Fund Managers Ltd now owns 260,000 shares of the company’s stock worth $4,602,000 after acquiring an additional 100,000 shares during the period. Finally, SWS Partners raised its position in Capri by 74.4% during the second quarter. SWS Partners now owns 124,648 shares of the company’s stock worth $2,206,000 after acquiring an additional 53,164 shares during the period. 84.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on CPRI shares. BTIG Research started coverage on shares of Capri in a research report on Tuesday, October 14th. They set a “buy” rating and a $30.00 price objective for the company. Weiss Ratings restated a “sell (d-)” rating on shares of Capri in a research report on Wednesday, October 8th. JPMorgan Chase & Co. upgraded shares of Capri from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $21.00 to $30.00 in a research report on Wednesday, August 13th. UBS Group upped their price objective on shares of Capri from $18.00 to $23.00 and gave the stock a “neutral” rating in a research report on Thursday, August 7th. Finally, Jefferies Financial Group upped their target price on shares of Capri from $19.00 to $21.00 and gave the stock a “hold” rating in a report on Thursday. Seven analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $24.43.

Capri Stock Up 0.7%

Shares of NYSE:CPRI opened at $22.61 on Friday. The firm’s 50 day moving average price is $20.91 and its 200 day moving average price is $18.59. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of -2.40, a price-to-earnings-growth ratio of 0.47 and a beta of 1.82. Capri Holdings Limited has a fifty-two week low of $11.86 and a fifty-two week high of $42.21. The company has a quick ratio of 0.61, a current ratio of 1.17 and a debt-to-equity ratio of 3.97.

Capri (NYSE:CPRI) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.13 by $0.37. The company had revenue of $797.00 million for the quarter, compared to analyst estimates of $773.18 million. Capri had a negative net margin of 26.73% and a negative return on equity of 53.50%. The firm’s revenue was down 6.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.04 earnings per share. As a group, equities research analysts predict that Capri Holdings Limited will post 0.98 earnings per share for the current fiscal year.

About Capri

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.