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

Principal Financial Group Inc. decreased its holdings in Capri Holdings Limited (NYSE:CPRI) by 29.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 272,464 shares of the company’s stock after selling 115,650 shares during the quarter. Principal Financial Group Inc.’s holdings in Capri were worth $11,563,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the stock. Bessemer Group Inc. boosted its holdings in Capri by 82.4% in the first quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock valued at $60,000 after acquiring an additional 601 shares during the last quarter. CWM LLC increased its position in shares of Capri by 35.2% during the second quarter. CWM LLC now owns 2,452 shares of the company’s stock worth $81,000 after buying an additional 638 shares during the period. Signaturefd LLC raised its stake in Capri by 14.7% during the second quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock worth $90,000 after buying an additional 351 shares during the last quarter. EMC Capital Management lifted its holdings in Capri by 32.7% in the first quarter. EMC Capital Management now owns 2,421 shares of the company’s stock valued at $110,000 after buying an additional 596 shares during the period. Finally, GAMMA Investing LLC boosted its position in Capri by 1,580.1% during the second quarter. GAMMA Investing LLC now owns 3,713 shares of the company’s stock valued at $123,000 after acquiring an additional 3,492 shares during the last quarter. 84.34% of the stock is owned by institutional investors.

Capri Trading Up 2.3 %

Shares of CPRI stock opened at $21.00 on Monday. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.93 and a quick ratio of 0.38. Capri Holdings Limited has a 1-year low of $18.70 and a 1-year high of $51.23. The stock has a market capitalization of $2.48 billion, a PE ratio of -6.86, a P/E/G ratio of 4.33 and a beta of 2.05. The business has a 50-day moving average of $34.30 and a 200 day moving average of $34.07.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CPRI shares. Wells Fargo & Company lowered their price objective on Capri from $42.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, October 25th. Robert W. Baird decreased 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. Telsey Advisory Group dropped their price objective on shares of Capri from $26.00 to $23.00 and set a “market perform” rating on the stock in a research note on Friday. 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 report on Friday, October 25th. Finally, Citigroup lowered shares of Capri from a “buy” rating to a “neutral” rating and set a $41.00 target price for the company. in a research note on Friday, September 13th. One investment analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $28.88.

Capri 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.