Principal Financial Group Inc. Sells 132,601 Shares of Capri Holdings Limited $CPRI

Principal Financial Group Inc. trimmed its position in shares of Capri Holdings Limited (NYSE:CPRI) by 33.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 267,744 shares of the company’s stock after selling 132,601 shares during the quarter. Principal Financial Group Inc.’s holdings in Capri were worth $4,718,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CPRI. Vanguard Group Inc. boosted its position in shares of Capri by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 11,701,832 shares of the company’s stock valued at $285,525,000 after buying an additional 121,209 shares during the last quarter. State Street Corp lifted its stake in Capri by 19.3% during the 2nd quarter. State Street Corp now owns 4,479,231 shares of the company’s stock valued at $79,282,000 after acquiring an additional 724,967 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in Capri during the 4th quarter valued at about $53,759,000. Norges Bank purchased a new stake in shares of Capri during the 4th quarter valued at about $50,228,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Capri by 12.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,607,663 shares of the company’s stock valued at $39,227,000 after acquiring an additional 182,562 shares during the last quarter. 84.34% of the stock is currently owned by institutional investors.

Capri Stock Performance

Shares of CPRI opened at $16.35 on Wednesday. The business has a 50-day simple moving average of $18.43 and a two-hundred day simple moving average of $19.63. The company has a quick ratio of 0.60, a current ratio of 1.21 and a debt-to-equity ratio of 4.08. Capri Holdings Limited has a 52 week low of $15.19 and a 52 week high of $28.26. The stock has a market cap of $1.88 billion, a price-to-earnings ratio of 14.34, a PEG ratio of 0.29 and a beta of 1.39.

Capri (NYSE:CPRI) last posted its quarterly earnings data on Thursday, May 28th. The company reported $0.22 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.11. The firm had revenue of $796.00 million for the quarter, compared to analysts’ expectations of $800.04 million. Capri had a return on equity of 664.22% and a net margin of 3.94%.The business’s quarterly revenue was down 23.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($4.90) EPS. On average, analysts expect that Capri Holdings Limited will post 2.06 EPS for the current year.

Analyst Upgrades and Downgrades

CPRI has been the subject of a number of research reports. Barclays decreased their target price on shares of Capri from $24.00 to $20.00 and set an “overweight” rating for the company in a research note on Thursday, July 16th. JPMorgan Chase & Co. dropped their price target on Capri from $31.00 to $29.00 and set an “overweight” rating on the stock in a research note on Thursday, May 28th. Bank of America cut their price objective on Capri from $23.00 to $20.00 and set a “neutral” rating for the company in a report on Thursday, May 28th. Telsey Advisory Group reduced their price objective on Capri from $23.00 to $21.00 and set a “market perform” rating for the company in a research report on Thursday, May 28th. Finally, Robert W. Baird lowered their target price on Capri from $26.00 to $24.00 and set an “outperform” rating on the stock in a report on Monday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $24.07.

Insider Buying and Selling

In other Capri news, Director Stephen F. Reitman sold 17,981 shares of the firm’s stock in a transaction that occurred on Monday, June 8th. The shares were sold at an average price of $19.42, for a total transaction of $349,191.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.60% of the company’s stock.

Capri Profile

Capri Holdings Limited (NYSE: CPRI) is a global luxury fashion company that designs, markets and distributes a range of premium lifestyle products. The company’s principal brands—Michael Kors, Versace and Jimmy Choo—offer handbags, ready-to-wear apparel, footwear, watches, jewelry, fragrance and other accessories. Capri Holdings combines in-house design talent with international sourcing, manufacturing and retail operations to deliver collections that reflect each brand’s distinct heritage and aesthetic vision.

Formed in 2018 through the rebranding of Michael Kors Holdings following the acquisition of Versace, Capri has since integrated Jimmy Choo into its portfolio.