Nordea Investment Management AB Sells 1,858 Shares of Capri Holdings Limited (NYSE:CPRI)

Nordea Investment Management AB reduced its position in Capri Holdings Limited (NYSE:CPRI) by 27.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,012 shares of the company’s stock after selling 1,858 shares during the period. Nordea Investment Management AB’s holdings in Capri were worth $252,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of CPRI. AlphaCrest Capital Management LLC increased its holdings in Capri by 65.6% during the 1st quarter. AlphaCrest Capital Management LLC now owns 7,288 shares of the company’s stock worth $375,000 after purchasing an additional 2,888 shares in the last quarter. Great West Life Assurance Co. Can bought a new stake in Capri during the first quarter worth $4,352,000. Dimensional Fund Advisors LP raised its position in Capri by 4.9% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,198,021 shares of the company’s stock valued at $112,981,000 after buying an additional 102,439 shares during the last quarter. Bridgefront Capital LLC bought a new position in Capri during the 1st quarter valued at $271,000. Finally, Pearl River Capital LLC purchased a new position in Capri during the 1st quarter worth $227,000. Institutional investors and hedge funds own 84.34% of the company’s stock.

Analyst Upgrades and Downgrades

CPRI has been the topic of a number of recent analyst reports. StockNews.com began coverage on shares of Capri in a research report on Thursday. They set a “hold” rating on the stock. Telsey Advisory Group reissued a “market perform” rating and set a $57.00 target price on shares of Capri in a research report on Friday, February 9th. Thirteen analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Capri presently has an average rating of “Hold” and a consensus target price of $50.50.

Capri Stock Performance

NYSE:CPRI opened at $45.26 on Thursday. The business’s fifty day moving average is $47.05 and its 200 day moving average is $49.22. The firm has a market cap of $5.28 billion, a price-to-earnings ratio of 25.43, a PEG ratio of 10.48 and a beta of 2.03. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.49 and a current ratio of 1.06. Capri Holdings Limited has a 52-week low of $34.17 and a 52-week high of $54.52.

Capri (NYSE:CPRI) last announced its quarterly earnings results on Thursday, February 8th. The company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.74 by ($0.54). The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.48 billion. Capri had a net margin of 3.96% and a return on equity of 25.79%. The company’s quarterly revenue was down 5.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.84 earnings per share. Research analysts predict that Capri Holdings Limited will post 3.8 EPS for the current year.

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.