Principal Financial Group Inc. Sells 115,650 Shares of Capri Holdings Limited (NYSE:CPRI)

Principal Financial Group Inc. reduced its holdings in shares of Capri Holdings Limited (NYSE:CPRI) by 29.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 272,464 shares of the company’s stock after selling 115,650 shares during the period. Principal Financial Group Inc. owned about 0.23% of Capri worth $11,563,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Blair William & Co. IL grew its stake in Capri by 5.8% during the second quarter. Blair William & Co. IL now owns 6,362 shares of the company’s stock worth $210,000 after buying an additional 350 shares during the last quarter. Signaturefd LLC grew its position in Capri by 14.7% during the 2nd quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock worth $90,000 after acquiring an additional 351 shares during the last quarter. EMC Capital Management increased its holdings in Capri by 32.7% during the 1st quarter. EMC Capital Management now owns 2,421 shares of the company’s stock valued at $110,000 after purchasing an additional 596 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of Capri by 82.4% during the first quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock worth $60,000 after purchasing an additional 601 shares during the last quarter. Finally, CWM LLC increased its stake in shares of Capri by 35.2% in the second quarter. CWM LLC now owns 2,452 shares of the company’s stock valued at $81,000 after buying an additional 638 shares in the last quarter. Institutional investors own 84.34% of the company’s stock.

Capri Price Performance

Shares of Capri stock opened at $21.00 on Monday. The company has a quick ratio of 0.38, a current ratio of 0.93 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of -6.86, a price-to-earnings-growth ratio of 4.33 and a beta of 2.05. Capri Holdings Limited has a twelve month low of $18.70 and a twelve month high of $51.23. The company has a 50-day simple moving average of $34.30 and a two-hundred day simple moving average of $34.07.

Analysts Set New Price Targets

A number of brokerages have commented on CPRI. Telsey Advisory Group decreased their price objective on shares of Capri from $26.00 to $23.00 and set a “market perform” rating on the stock in a report on Friday. Citigroup lowered shares of Capri from a “buy” rating to a “neutral” rating and set a $41.00 price target for the company. in a report on Friday, September 13th. TD Cowen reduced their price objective on Capri from $57.00 to $22.00 and set a “hold” rating on the stock in a report on Friday. UBS Group dropped their target price on Capri from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Wednesday, September 11th. Finally, StockNews.com lowered shares of Capri from a “hold” rating to a “sell” rating in a research note on Tuesday, August 27th. One research analyst has rated the stock with a sell rating and eight have issued a hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $28.88.

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.