343,900 Shares in Capri Holdings Limited (NYSE:CPRI) Purchased by GAM Holding AG

GAM Holding AG bought a new stake in Capri Holdings Limited (NYSE:CPRI - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 343,900 shares of the company's stock, valued at approximately $6,785,000. GAM Holding AG owned approximately 0.29% of Capri at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CPRI. Farther Finance Advisors LLC grew its position in shares of Capri by 758.1% during the first quarter. Farther Finance Advisors LLC now owns 1,433 shares of the company's stock worth $28,000 after buying an additional 1,266 shares in the last quarter. UMB Bank n.a. grew its position in shares of Capri by 134.9% during the first quarter. UMB Bank n.a. now owns 1,776 shares of the company's stock worth $35,000 after buying an additional 1,020 shares in the last quarter. Twin Tree Management LP acquired a new position in Capri in the fourth quarter valued at approximately $45,000. Fifth Third Bancorp boosted its holdings in Capri by 139.6% in the first quarter. Fifth Third Bancorp now owns 2,343 shares of the company's stock valued at $46,000 after purchasing an additional 1,365 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd acquired a new position in Capri in the fourth quarter valued at approximately $74,000. 84.34% of the stock is owned by institutional investors and hedge funds.

Capri Stock Performance

Shares of Capri stock traded down $0.27 during trading hours on Friday, hitting $16.83. 2,943,027 shares of the company were exchanged, compared to its average volume of 3,390,165. Capri Holdings Limited has a 1 year low of $11.86 and a 1 year high of $43.34. The company has a current ratio of 1.14, a quick ratio of 0.49 and a debt-to-equity ratio of 3.97. The business has a 50-day moving average of $16.50 and a 200-day moving average of $19.57. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of -1.69, a P/E/G ratio of 0.35 and a beta of 1.70.

Capri (NYSE:CPRI - Get Free Report) last announced its quarterly earnings data 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 return on equity of 39.55% and a negative net margin of 26.61%. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $989.05 million. During the same period in the prior year, the company earned $0.42 EPS. The company's revenue was down 15.4% on a year-over-year basis. As a group, analysts expect that Capri Holdings Limited will post 0.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on Capri from $19.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday, May 29th. Robert W. Baird lowered their price target on Capri from $26.00 to $18.00 and set a "neutral" rating for the company in a report on Friday, April 11th. Wells Fargo & Company lowered their price target on Capri from $30.00 to $25.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Barclays lowered their price target on Capri from $19.00 to $13.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. Finally, Wall Street Zen upgraded Capri from a "sell" rating to a "hold" rating in a research note on Sunday, June 8th. Nine analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus 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.