Nisa Investment Advisors LLC Boosts Stock Position in Capri Holdings Limited (NYSE:CPRI)

Nisa Investment Advisors LLC increased its position in Capri Holdings Limited (NYSE:CPRI) by 12.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 7,260 shares of the company’s stock after buying an additional 775 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Capri were worth $308,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Texas Permanent School Fund Corp grew its holdings in shares of Capri by 1.6% in the first quarter. Texas Permanent School Fund Corp now owns 102,018 shares of the company’s stock valued at $4,621,000 after purchasing an additional 1,619 shares in the last quarter. SG Americas Securities LLC grew its stake in Capri by 82.2% in the 1st quarter. SG Americas Securities LLC now owns 83,135 shares of the company’s stock worth $3,766,000 after acquiring an additional 37,508 shares in the last quarter. Swiss National Bank increased its position in shares of Capri by 0.3% during the first quarter. Swiss National Bank now owns 229,500 shares of the company’s stock worth $10,396,000 after acquiring an additional 600 shares during the period. Ardent Capital Management Inc. raised its stake in shares of Capri by 242.6% during the first quarter. Ardent Capital Management Inc. now owns 34,255 shares of the company’s stock valued at $1,552,000 after acquiring an additional 24,255 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new stake in shares of Capri in the first quarter valued at approximately $117,000. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Capri Stock Up 7.2 %

Shares of CPRI stock opened at $21.99 on Thursday. Capri Holdings Limited has a fifty-two week low of $18.75 and a fifty-two week high of $51.23. The firm has a market capitalization of $2.59 billion, a PE ratio of -8.83, a P/E/G ratio of 3.44 and a beta of 2.05. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.41 and a current ratio of 0.95. The stock’s 50-day simple moving average is $36.42 and its 200-day simple moving average is $34.83.

Capri (NYSE:CPRI) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.59 by ($0.55). The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.16 billion. Capri had a positive return on equity of 18.72% and a negative net margin of 5.81%. Capri’s quarterly revenue was down 13.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.74 EPS. Equities analysts expect that Capri Holdings Limited will post 2.05 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on the company. JPMorgan Chase & Co. dropped their target price on Capri from $57.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. UBS Group cut their price target on shares of Capri from $42.00 to $39.00 and set a “neutral” rating on the stock in a report on Wednesday, September 11th. StockNews.com lowered Capri from a “hold” rating to a “sell” rating in a report on Tuesday, August 27th. Citigroup downgraded Capri from a “buy” rating to a “neutral” rating and set a $41.00 target price on the stock. in a research note on Friday, September 13th. Finally, Wells Fargo & Company decreased their price target on Capri from $42.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $31.50.

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.