Principal Financial Group Inc. lowered its stake in Capri Holdings Limited (NYSE:CPRI) by 15.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 526,355 shares of the company’s stock after selling 93,463 shares during the quarter. Principal Financial Group Inc.’s holdings in Capri were worth $30,102,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in the stock. Fred Alger Management LLC acquired a new stake in Capri during the 1st quarter worth $216,192,000. Primecap Management Co. CA boosted its stake in Capri by 12.9% during the 1st quarter. Primecap Management Co. CA now owns 3,736,300 shares of the company’s stock worth $190,551,000 after purchasing an additional 427,000 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Capri by 1.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,804,597 shares of the company’s stock worth $143,024,000 after purchasing an additional 50,705 shares during the last quarter. Eaton Vance Management boosted its stake in Capri by 185.6% during the 1st quarter. Eaton Vance Management now owns 2,621,928 shares of the company’s stock worth $133,718,000 after purchasing an additional 1,703,737 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its stake in Capri by 40.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,363,960 shares of the company’s stock worth $120,562,000 after purchasing an additional 676,006 shares during the last quarter. 84.91% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE CPRI opened at $50.98 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 0.61 and a debt-to-equity ratio of 0.49. Capri Holdings Limited has a twelve month low of $17.11 and a twelve month high of $61.25. The stock has a 50 day moving average of $54.90 and a two-hundred day moving average of $54.30. The stock has a market cap of $7.75 billion, a P/E ratio of 23.28, a P/E/G ratio of 0.44 and a beta of 2.51.
Several research analysts have recently commented on CPRI shares. Evercore ISI reiterated a “buy” rating and set a $75.00 price target on shares of Capri in a report on Thursday, July 1st. Credit Suisse Group lifted their price target on Capri from $62.00 to $63.00 and gave the stock a “neutral” rating in a report on Monday, August 2nd. Jefferies Financial Group boosted their price objective on shares of Capri from $60.00 to $74.00 and gave the company a “buy” rating in a report on Thursday, May 27th. Cowen upgraded shares of Capri from a “market perform” rating to an “outperform” rating in a report on Wednesday, August 4th. They noted that the move was a valuation call. Finally, Robert W. Baird boosted their price objective on shares of Capri from $70.00 to $75.00 and gave the company an “outperform” rating in a report on Monday, August 2nd. Six equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $65.95.
In other Capri news, Director Stephen F. Reitman sold 10,000 shares of the stock in a transaction on Tuesday, August 31st. The stock was sold at an average price of $56.23, for a total value of $562,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Krista A. Mcdonough sold 17,000 shares of the stock in a transaction on Thursday, August 26th. The stock was sold at an average price of $58.23, for a total value of $989,910.00. The disclosure for this sale can be found here. 2.70% of the stock is owned by corporate insiders.
Capri Holdings Ltd. operates as a global fashion luxury group. It engages in the design and distribution of sportswear, accessories, footwear and apparel of branded women’s apparel and accessories and men’s apparel. The firm operates through the following segments: Versace, Jimmy Choo, and Michael Kors.
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