Nuveen LLC Makes New $5.14 Million Investment in Capri Holdings Limited $CPRI

Key Points

• Nuveen LLC has acquired a new stake in Capri Holdings Limited, purchasing 260,456 shares valued at approximately $5.14 million, which represents about 0.22% of the company's total shares.
• Multiple institutional investors have increased their holdings in Capri, with significant acquisitions including a 758.1% increase by Farther Finance Advisors LLC in the first quarter.
• Capri Holdings reported earnings of $0.50 per share for the last quarter, significantly exceeding analyst estimates of $0.13, despite a 6% decline in revenue year-over-year.

Nuveen LLC bought a new stake in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 260,456 shares of the company's stock, valued at approximately $5,139,000. Nuveen LLC owned about 0.22% of Capri as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the business. PNC Financial Services Group Inc. raised its stake in Capri by 5.7% during the first quarter. PNC Financial Services Group Inc. now owns 12,320 shares of the company's stock valued at $243,000 after purchasing an additional 667 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Capri by 0.3% in the 1st quarter. Principal Financial Group Inc. now owns 271,400 shares of the company's stock worth $5,355,000 after buying an additional 709 shares during the last quarter. Investors Research Corp raised its position in shares of Capri by 3.8% during the 1st quarter. Investors Research Corp now owns 21,669 shares of the company's stock valued at $428,000 after buying an additional 800 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its position in shares of Capri by 3.1% during the 1st quarter. Bank Julius Baer & Co. Ltd Zurich now owns 30,163 shares of the company's stock valued at $595,000 after buying an additional 905 shares in the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Capri by 134.9% in the 1st quarter. UMB Bank n.a. now owns 1,776 shares of the company's stock valued at $35,000 after acquiring an additional 1,020 shares during the last quarter. Institutional investors own 84.34% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CPRI shares. UBS Group boosted their price objective on Capri from $18.00 to $23.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Telsey Advisory Group reiterated a "market perform" rating and issued a $22.00 target price (up previously from $20.00) on shares of Capri in a report on Wednesday, August 6th. JPMorgan Chase & Co. raised Capri from a "neutral" rating to an "overweight" rating and boosted their target price for the company from $21.00 to $30.00 in a research report on Wednesday, August 13th. Wall Street Zen upgraded Capri from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Zacks Research raised shares of Capri from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 26th. Five analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, Capri presently has an average rating of "Hold" and an average price target of $24.08.

Capri Trading Down 4.6%

Shares of CPRI traded down $0.99 during mid-day trading on Monday, reaching $20.58. 2,965,934 shares of the company's stock traded hands, compared to its average volume of 3,609,767. The company has a debt-to-equity ratio of 3.97, a current ratio of 1.17 and a quick ratio of 0.61. The stock's 50-day moving average is $19.45 and its two-hundred day moving average is $18.44. Capri Holdings Limited has a 12 month low of $11.86 and a 12 month high of $43.34. The stock has a market cap of $2.45 billion, a P/E ratio of -2.19, a P/E/G ratio of 0.44 and a beta of 1.75.

Capri (NYSE:CPRI - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.37. The firm had revenue of $797.00 million during the quarter, compared to analyst estimates of $773.18 million. Capri had a negative return on equity of 53.50% and a negative net margin of 26.73%.Capri's quarterly revenue was down 6.0% compared to the same quarter last year. During the same period last year, the company earned $0.04 EPS. Research analysts forecast that Capri Holdings Limited will post 0.98 earnings per share for the current fiscal year.

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.