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

Allspring Global Investments Holdings LLC acquired a new stake in shares of Capri Holdings Limited (NYSE:CPRI) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 554,619 shares of the company’s stock, valued at approximately $13,527,000. Allspring Global Investments Holdings LLC owned approximately 0.47% of Capri at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CPRI. Aster Capital Management DIFC Ltd acquired a new stake in Capri during the 3rd quarter valued at $39,000. Quantbot Technologies LP purchased a new stake in Capri in the 2nd quarter worth about $39,000. Hantz Financial Services Inc. boosted its position in Capri by 167.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,701 shares of the company’s stock worth $54,000 after acquiring an additional 1,691 shares during the period. Root Financial Partners LLC purchased a new position in Capri during the 3rd quarter valued at about $60,000. Finally, Nisa Investment Advisors LLC increased its holdings 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 purchasing an additional 632 shares during the period. 84.34% of the stock is currently owned by institutional investors and hedge funds.

Capri Stock Up 0.2%

Shares of Capri stock opened at $17.99 on Friday. Capri Holdings Limited has a 12-month low of $11.86 and a 12-month high of $28.26. The stock has a market capitalization of $2.14 billion, a P/E ratio of -4.22, a PEG ratio of 0.28 and a beta of 1.46. The company has a quick ratio of 0.52, a current ratio of 1.14 and a debt-to-equity ratio of 2.07. The stock has a 50 day moving average price of $19.69 and a two-hundred day moving average price of $22.01.

Capri (NYSE:CPRI) last posted its earnings results on Wednesday, February 4th. The company reported $0.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.03. The business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $999.84 million. Capri had a negative net margin of 13.57% and a negative return on equity of 430.23%. Capri’s revenue was down 4.0% compared to the same quarter last year. During the same period last year, the business posted $0.63 EPS. Equities analysts expect that Capri Holdings Limited will post 0.98 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Barclays boosted their price objective on shares of Capri from $31.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday, February 4th. BTIG Research reiterated a “buy” rating and set a $30.00 price objective on shares of Capri in a report on Friday, January 30th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $24.00 target price on shares of Capri in a research report on Tuesday, January 6th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $23.00 price target on shares of Capri in a research note on Tuesday, February 3rd. Finally, The Goldman Sachs Group lowered their price target on Capri from $27.00 to $24.00 and set a “neutral” rating for the company in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $26.46.

Insider Activity

In related news, CEO John D. Idol acquired 55,000 shares of the stock in a transaction dated 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 completion of the purchase, the chief executive officer owned 2,257,645 shares in the company, valued at approximately $40,592,457.10. The trade was a 2.50% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.30% of the company’s stock.

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.