Nuveen LLC Acquires New Shares 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) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund 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 SEC filing.

Several other hedge funds also recently modified their holdings of CPRI. Junto Capital Management LP purchased a new position in shares of Capri during the fourth quarter valued at approximately $26,112,000. Dimensional Fund Advisors LP boosted 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 valued at $54,647,000 after buying an additional 1,088,051 shares during the last quarter. DME Capital Management LP boosted its position in shares of Capri by 93.6% during the fourth quarter. DME Capital Management LP now owns 2,103,717 shares of the company's stock valued at $44,304,000 after buying an additional 1,017,072 shares during the last quarter. Jennison Associates LLC purchased a new position in shares of Capri during the first quarter valued at approximately $17,559,000. Finally, Vision One Management Partners LP purchased a new position in shares of Capri during the fourth quarter valued at approximately $17,306,000. Hedge funds and other institutional investors own 84.34% of the company's stock.

Capri Stock Performance

Shares of NYSE CPRI traded down $0.99 during trading on Friday, reaching $20.58. 2,965,934 shares of the stock traded hands, compared to its average volume of 3,682,337. Capri Holdings Limited has a 52-week low of $11.86 and a 52-week high of $43.34. 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 company has a 50-day moving average of $19.37 and a 200-day moving average of $18.49. The stock has a market capitalization of $2.45 billion, a P/E ratio of -2.19, a price-to-earnings-growth ratio of 0.44 and a beta of 1.72.

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

Wall Street Analysts Forecast Growth

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

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.