GAM Holding AG Invests $6.79 Million in Capri Holdings Limited (NYSE:CPRI)

GAM Holding AG acquired a new stake in shares of Capri Holdings Limited (NYSE:CPRI - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 343,900 shares of the company's stock, valued at approximately $6,785,000. GAM Holding AG owned 0.29% of Capri as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its stake in shares of Capri by 758.1% in the first quarter. Farther Finance Advisors LLC now owns 1,433 shares of the company's stock valued at $28,000 after buying an additional 1,266 shares in the last quarter. UMB Bank n.a. increased its position in Capri by 134.9% in the 1st quarter. UMB Bank n.a. now owns 1,776 shares of the company's stock valued at $35,000 after acquiring an additional 1,020 shares in the last quarter. Twin Tree Management LP bought a new position in shares of Capri in the fourth quarter worth about $45,000. Fifth Third Bancorp lifted its position in shares of Capri by 139.6% during the first quarter. Fifth Third Bancorp now owns 2,343 shares of the company's stock worth $46,000 after purchasing an additional 1,365 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd bought a new stake in shares of Capri during the fourth quarter valued at approximately $74,000. 84.34% of the stock is currently owned by institutional investors and hedge funds.

Capri Price Performance

Capri stock traded up $0.14 during mid-day trading on Tuesday, reaching $16.92. The company had a trading volume of 2,033,626 shares, compared to its average volume of 3,382,391. The business has a fifty day simple moving average of $16.54 and a 200 day simple moving average of $19.53. The company has a market cap of $1.99 billion, a P/E ratio of -1.70, a P/E/G ratio of 0.35 and a beta of 1.70. Capri Holdings Limited has a fifty-two week low of $11.86 and a fifty-two week 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.

Capri (NYSE:CPRI - Get Free Report) last issued 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). The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $989.05 million. Capri had a negative return on equity of 39.55% and a negative net margin of 26.61%. The company's revenue was down 15.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.42 EPS. On average, equities research analysts predict that Capri Holdings Limited will post 0.98 earnings per share for the current year.

Analysts Set New Price Targets

CPRI has been the topic of a number of research reports. Wells Fargo & Company cut their target price on shares of Capri from $30.00 to $25.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Wall Street Zen raised shares of Capri from a "sell" rating to a "hold" rating in a report on Sunday, June 8th. Telsey Advisory Group reissued a "market perform" rating and issued a $20.00 price target (up previously from $17.00) on shares of Capri in a research note on Wednesday, May 28th. Barclays reduced their price target on Capri from $19.00 to $13.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. Finally, JPMorgan Chase & Co. dropped their price objective on Capri from $19.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday, May 29th. Nine investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Capri currently has an average rating of "Hold" and a consensus target price of $22.50.

About Capri

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.