Principal Financial Group Inc. Has $11.56 Million Position in Capri Holdings Limited (NYSE:CPRI)

Principal Financial Group Inc. decreased its position in Capri Holdings Limited (NYSE:CPRI - Free Report) by 29.8% in 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 quarter. Principal Financial Group Inc. owned about 0.23% of Capri worth $11,563,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System increased its stake in shares of Capri by 17.6% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 155,580 shares of the company's stock worth $7,312,000 after purchasing an additional 23,294 shares during the last quarter. Bessemer Group Inc. increased its position in 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 buying an additional 601 shares during the last quarter. Natixis raised its holdings in Capri by 71.6% during the first quarter. Natixis now owns 236,888 shares of the company's stock valued at $10,731,000 after buying an additional 98,809 shares in the last quarter. Carlson Capital L P lifted its position in shares of Capri by 2.1% in the first quarter. Carlson Capital L P now owns 955,000 shares of the company's stock worth $43,262,000 after buying an additional 20,000 shares during the last quarter. Finally, JT Stratford LLC bought a new stake in shares of Capri during the 1st quarter worth about $776,000. Institutional investors and hedge funds own 84.34% of the company's stock.

Capri Price Performance

Capri stock traded down $0.40 during trading hours on Monday, hitting $20.60. 3,882,614 shares of the stock were exchanged, compared to its average volume of 2,084,269. The stock has a market capitalization of $2.43 billion, a P/E ratio of -6.72, a P/E/G ratio of 4.33 and a beta of 2.05. The business's 50-day moving average is $34.30 and its two-hundred day moving average is $34.07. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.38 and a current ratio of 0.93. Capri Holdings Limited has a 12 month low of $18.70 and a 12 month high of $51.23.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Wells Fargo & Company reduced their price objective on shares of Capri from $42.00 to $23.00 and set an "equal weight" rating for the company in a research note on Friday, October 25th. JPMorgan Chase & Co. dropped their price objective on shares of Capri from $57.00 to $22.00 and set a "neutral" rating for the company in a research note on Friday, October 25th. Telsey Advisory Group decreased their target price on shares of Capri from $26.00 to $23.00 and set a "market perform" rating on the stock in a research report on Friday. StockNews.com cut shares of Capri from a "hold" rating to a "sell" rating in a research note on Tuesday, August 27th. Finally, Citigroup cut shares of Capri from a "buy" rating to a "neutral" rating and set a $41.00 price target for the company. in a research note on Friday, September 13th. One analyst has rated the stock with a sell rating and eight have given a hold rating to the stock. According to MarketBeat, Capri has an average rating of "Hold" and an average price target 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.