Nisa Investment Advisors LLC Sells 1,560 Shares of Capri Holdings Limited (NYSE:CPRI)

Nisa Investment Advisors LLC decreased its position in Capri Holdings Limited (NYSE:CPRI) by 21.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,700 shares of the company’s stock after selling 1,560 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Capri were worth $120,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. FMR LLC grew its holdings in Capri by 389.2% in the 3rd quarter. FMR LLC now owns 2,858,480 shares of the company’s stock valued at $121,314,000 after buying an additional 2,274,149 shares in the last quarter. Oddo BHF Asset Management Sas bought a new stake in shares of Capri in the third quarter valued at about $25,888,000. Primecap Management Co. CA grew its stake in shares of Capri by 14.2% in the third quarter. Primecap Management Co. CA now owns 4,140,755 shares of the company’s stock valued at $175,734,000 after acquiring an additional 515,963 shares in the last quarter. Lind Value II ApS bought a new position in Capri during the fourth quarter worth about $9,087,000. Finally, Cinctive Capital Management LP acquired a new stake in Capri in the 3rd quarter worth about $12,689,000. Institutional investors own 84.34% of the company’s stock.

Capri Stock Up 1.5 %

CPRI stock opened at $25.88 on Friday. The stock has a market capitalization of $3.05 billion, a P/E ratio of -8.46, a price-to-earnings-growth ratio of 5.20 and a beta of 2.06. The company has a current ratio of 0.93, a quick ratio of 0.38 and a debt-to-equity ratio of 0.83. The firm has a 50-day moving average price of $22.56 and a 200-day moving average price of $29.68. Capri Holdings Limited has a 12 month low of $18.70 and a 12 month high of $49.20.

Capri (NYSE:CPRI) last issued its earnings results on Thursday, November 7th. The company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.09). The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.17 billion. Capri had a negative net margin of 7.44% and a positive return on equity of 16.54%. During the same quarter in the prior year, the business earned $1.13 EPS. As a group, equities research analysts anticipate that Capri Holdings Limited will post 1.65 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have issued reports on CPRI shares. BMO Capital Markets upgraded shares of Capri from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $25.00 to $31.00 in a research report on Monday, January 6th. JPMorgan Chase & Co. increased their price target on Capri from $15.00 to $19.00 and gave the stock a “neutral” rating in a research report on Monday, December 16th. Robert W. Baird dropped their price objective on Capri from $24.00 to $23.00 and set a “neutral” rating for the company in a report on Friday, November 8th. Guggenheim raised Capri from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Tuesday, November 26th. Finally, Barclays reaffirmed an “equal weight” rating and issued a $21.00 price target on shares of Capri in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, Capri presently has an average rating of “Hold” and an average price target of $26.36.

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.