Principal Financial Group Inc. Sells 1,773 Shares of Capri Holdings Limited (NYSE:CPRI)

Principal Financial Group Inc. cut its holdings in shares of Capri Holdings Limited (NYSE:CPRI) by 0.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 270,691 shares of the company’s stock after selling 1,773 shares during the quarter. Principal Financial Group Inc.’s holdings in Capri were worth $5,701,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Avior Wealth Management LLC grew its holdings in Capri by 15.2% in the 3rd quarter. Avior Wealth Management LLC now owns 4,033 shares of the company’s stock valued at $171,000 after buying an additional 533 shares in the last quarter. Exchange Traded Concepts LLC boosted its position in shares of Capri by 3.0% in the fourth quarter. Exchange Traded Concepts LLC now owns 21,767 shares of the company’s stock valued at $458,000 after acquiring an additional 643 shares during the period. KBC Group NV grew its stake in shares of Capri by 26.9% in the third quarter. KBC Group NV now owns 3,074 shares of the company’s stock valued at $130,000 after acquiring an additional 652 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in Capri by 12.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 7,260 shares of the company’s stock worth $308,000 after purchasing an additional 775 shares in the last quarter. Finally, Sunbelt Securities Inc. bought a new stake in Capri in the 3rd quarter valued at about $42,000. Institutional investors own 84.34% of the company’s stock.

Capri Stock Performance

NYSE CPRI opened at $22.80 on Tuesday. Capri Holdings Limited has a fifty-two week low of $18.70 and a fifty-two week high of $47.17. The stock has a market cap of $2.69 billion, a PE ratio of -2.67, a PEG ratio of 7.80 and a beta of 2.06. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.59 and a current ratio of 1.21. The firm’s fifty day moving average price is $22.55 and its two-hundred day moving average price is $28.04.

Capri (NYSE:CPRI) last issued its earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.27). Capri had a positive return on equity of 12.89% and a negative net margin of 21.79%. During the same period last year, the firm posted $1.20 earnings per share. On average, equities analysts expect that Capri Holdings Limited will post 0.98 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. JPMorgan Chase & Co. raised their target price on shares of Capri from $15.00 to $19.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. Telsey Advisory Group reiterated a “market perform” rating and set a $23.00 target price on shares of Capri in a research report on Thursday, February 20th. Guggenheim reissued a “buy” rating and set a $30.00 target price on shares of Capri in a report on Wednesday, February 12th. StockNews.com raised Capri from a “sell” rating to a “hold” rating in a research note on Friday, February 7th. Finally, Robert W. Baird reduced their price objective on shares of Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. Nine research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Capri has a consensus rating of “Hold” and a consensus price target of $25.92.

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.