GAMMA Investing LLC Buys 78,438 Shares of Capri Holdings Limited (NYSE:CPRI)

GAMMA Investing LLC raised its holdings in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) by 1,916.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,531 shares of the company's stock after acquiring an additional 78,438 shares during the quarter. GAMMA Investing LLC owned about 0.07% of Capri worth $1,628,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of CPRI. Twin Tree Management LP bought a new position in shares of Capri in the fourth quarter worth $45,000. Aster Capital Management DIFC Ltd bought a new position in shares of Capri in the fourth quarter worth $74,000. Sterling Capital Management LLC increased its holdings in shares of Capri by 58.9% in the fourth quarter. Sterling Capital Management LLC now owns 6,872 shares of the company's stock worth $145,000 after purchasing an additional 2,546 shares during the period. Triumph Capital Management bought a new position in shares of Capri in the fourth quarter worth $209,000. Finally, Contrarian Capital Management L.L.C. bought a new position in shares of Capri in the fourth quarter worth $232,000. Institutional investors own 84.34% of the company's stock.

Capri Price Performance

Shares of CPRI traded down $1.26 during trading hours on Friday, reaching $16.58. 2,614,664 shares of the stock traded hands, compared to its average volume of 3,373,161. The company has a current ratio of 1.21, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36. Capri Holdings Limited has a 52-week low of $11.86 and a 52-week high of $43.34. The company's 50-day moving average price is $16.28 and its two-hundred day moving average price is $19.80. The company has a market cap of $1.96 billion, a P/E ratio of -1.94, a price-to-earnings-growth ratio of 7.80 and a beta of 1.70.

Capri (NYSE:CPRI - Get Free Report) last released its earnings results on Wednesday, May 28th. The company reported ($4.90) earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by ($5.12). Capri had a negative net margin of 21.79% and a positive return on equity of 12.89%. The firm had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $989.05 million. During the same quarter last year, the firm posted $0.42 EPS. The firm's quarterly revenue was down 15.4% compared to the same quarter last year. On average, analysts anticipate that Capri Holdings Limited will post 0.98 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CPRI. Robert W. Baird decreased their price target on shares of Capri from $26.00 to $18.00 and set a "neutral" rating on the stock in a report on Friday, April 11th. Telsey Advisory Group reiterated a "market perform" rating and issued a $20.00 target price (up from $17.00) on shares of Capri in a research report on Wednesday, May 28th. JPMorgan Chase & Co. cut their target price on shares of Capri from $19.00 to $18.00 and set a "neutral" rating for the company in a research report on Thursday, May 29th. Wall Street Zen upgraded shares of Capri from a "sell" rating to a "hold" rating in a research report on Sunday, June 8th. Finally, Wells Fargo & Company cut their target price on shares of Capri from $30.00 to $25.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $22.50.

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.