Nuveen Asset Management LLC Has $5.54 Million Stock Holdings in Capri Holdings Limited (NYSE:CPRI)

Nuveen Asset Management LLC cut its holdings in Capri Holdings Limited (NYSE:CPRI - Free Report) by 9.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 263,020 shares of the company's stock after selling 27,840 shares during the period. Nuveen Asset Management LLC owned approximately 0.22% of Capri worth $5,539,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CPRI. Janney Montgomery Scott LLC boosted its holdings in Capri by 174.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 21,670 shares of the company's stock worth $456,000 after purchasing an additional 13,785 shares in the last quarter. Exchange Traded Concepts LLC boosted its holdings in Capri by 3.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 21,767 shares of the company's stock worth $458,000 after purchasing an additional 643 shares in the last quarter. KBC Group NV boosted its holdings in Capri by 63.9% in the fourth quarter. KBC Group NV now owns 5,039 shares of the company's stock worth $106,000 after purchasing an additional 1,965 shares in the last quarter. ARGA Investment Management LP boosted its holdings in Capri by 149.4% in the fourth quarter. ARGA Investment Management LP now owns 227,957 shares of the company's stock worth $4,801,000 after purchasing an additional 136,556 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. bought a new stake in Capri in the fourth quarter worth $48,953,000. 84.34% of the stock is currently owned by institutional investors.

Capri Stock Performance

Shares of CPRI traded down $0.63 during trading hours on Wednesday, reaching $17.09. 2,914,605 shares of the company traded hands, compared to its average volume of 3,318,861. The stock's fifty day moving average is $16.14 and its 200 day moving average is $19.99. The stock has a market cap of $2.02 billion, a P/E ratio of -2.00, a price-to-earnings-growth ratio of 7.80 and a beta of 1.64. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.59 and a current ratio of 1.21. Capri Holdings Limited has a 1-year low of $11.86 and a 1-year high of $43.34.

Capri (NYSE:CPRI - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The company reported ($4.90) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($5.12). Capri had a positive return on equity of 12.89% and a negative net margin of 21.79%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $989.05 million. During the same period last year, the company earned $0.42 EPS. The business's revenue for the quarter was down 15.4% on a year-over-year basis. Equities research analysts anticipate that Capri Holdings Limited will post 0.98 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on CPRI shares. Bank of America started coverage on shares of Capri in a report on Monday, February 10th. They issued a "neutral" rating and a $23.00 price objective for the company. UBS Group upped their price target on shares of Capri from $14.00 to $18.00 and gave the company a "neutral" rating in a report on Thursday, May 29th. JPMorgan Chase & Co. decreased their price target on shares of Capri from $19.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday, May 29th. Barclays decreased their price target on shares of Capri from $19.00 to $13.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. Finally, Guggenheim restated a "buy" rating and set a $30.00 price target on shares of Capri in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $22.50.

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.