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

Allspring Global Investments Holdings LLC bought a new stake in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 42,676 shares of the company's stock, valued at approximately $826,000.

Several other large investors have also added to or reduced their stakes in the business. FMR LLC boosted its position in shares of Capri by 249.4% during the 4th quarter. FMR LLC now owns 9,987,603 shares of the company's stock worth $210,339,000 after purchasing an additional 7,129,123 shares in the last quarter. Norges Bank acquired a new stake in Capri in the fourth quarter valued at approximately $58,070,000. Junto Capital Management LP acquired a new stake in Capri in the fourth quarter valued at approximately $26,112,000. Segall Bryant & Hamill LLC bought a new stake in shares of Capri during the fourth quarter valued at approximately $24,617,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Capri by 72.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,595,029 shares of the company's stock worth $54,647,000 after purchasing an additional 1,088,051 shares during the period. Institutional investors and hedge funds own 84.34% of the company's stock.

Capri Stock Performance

Shares of CPRI traded up $0.25 on Thursday, reaching $19.78. 2,525,153 shares of the company's stock traded hands, compared to its average volume of 3,528,627. The stock's 50 day simple moving average is $17.54 and its two-hundred day simple moving average is $19.25. The company has a current ratio of 1.14, a quick ratio of 0.49 and a debt-to-equity ratio of 3.97. Capri Holdings Limited has a 52-week low of $11.86 and a 52-week high of $43.34. The stock has a market cap of $2.33 billion, a PE ratio of -1.99, a PEG ratio of 0.41 and a beta of 1.67.

Capri (NYSE:CPRI - Get Free Report) last released its earnings results on Wednesday, May 28th. The company reported ($4.90) EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($5.12). The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.42 earnings per share. On average, analysts forecast that Capri Holdings Limited will post 0.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CPRI has been the subject of several research reports. JPMorgan Chase & Co. reduced their price target on shares of Capri from $19.00 to $18.00 and set a "neutral" rating for the company in a research report on Thursday, May 29th. Wall Street Zen upgraded shares of Capri from a "sell" rating to a "hold" rating in a report on Saturday, July 5th. Barclays decreased their target price on shares of Capri from $19.00 to $13.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. Wells Fargo & Company dropped their price target on shares of Capri from $30.00 to $25.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Finally, Telsey Advisory Group reiterated a "market perform" rating and set a $20.00 price target (up previously from $17.00) on shares of Capri in a research note on Wednesday, May 28th. Nine research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Capri currently has an average rating of "Hold" and a consensus price target of $22.50.

Capri Company 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.