GAM Holding AG Has $531,000 Holdings in Capri Holdings Limited $CPRI

GAM Holding AG lessened its holdings in shares of Capri Holdings Limited (NYSE:CPRI) by 91.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 30,000 shares of the company’s stock after selling 313,900 shares during the period. GAM Holding AG’s holdings in Capri were worth $531,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in CPRI. Banque Cantonale Vaudoise acquired a new position in shares of Capri during the 1st quarter worth about $29,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Capri during the 1st quarter worth about $30,000. CWM LLC lifted its position in shares of Capri by 37.2% during the 2nd quarter. CWM LLC now owns 2,360 shares of the company’s stock worth $42,000 after purchasing an additional 640 shares during the last quarter. Brooklyn Investment Group lifted its position in shares of Capri by 267.3% during the 1st quarter. Brooklyn Investment Group now owns 2,351 shares of the company’s stock worth $46,000 after purchasing an additional 1,711 shares during the last quarter. Finally, Pingora Partners LLC acquired a new position in shares of Capri during the 1st quarter worth about $47,000. Institutional investors and hedge funds own 84.34% of the company’s stock.

Analyst Upgrades and Downgrades

CPRI has been the subject of several research analyst reports. BTIG Research initiated coverage on Capri in a research report on Tuesday, October 14th. They set a “buy” rating and a $30.00 price objective for the company. UBS Group boosted their price target on Capri from $18.00 to $23.00 and gave the company a “neutral” rating in a research note on Thursday, August 7th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Capri in a report on Wednesday, October 8th. Telsey Advisory Group reaffirmed a “market perform” rating and issued a $22.00 price target on shares of Capri in a report on Thursday. Finally, Wall Street Zen raised Capri from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Seven analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $24.43.

Capri Trading Down 0.2%

Capri stock opened at $20.75 on Friday. Capri Holdings Limited has a 12 month low of $11.86 and a 12 month high of $26.23. The stock has a market cap of $2.47 billion, a price-to-earnings ratio of -2.20, a price-to-earnings-growth ratio of 0.45 and a beta of 1.82. The business has a 50 day moving average price of $21.04 and a two-hundred day moving average price of $18.92. The company has a quick ratio of 0.61, a current ratio of 1.17 and a debt-to-equity ratio of 3.97.

Capri (NYSE:CPRI) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.13 by $0.37. Capri had a negative return on equity of 53.50% and a negative net margin of 26.73%.The company had revenue of $797.00 million for the quarter, compared to analyst estimates of $773.18 million. During the same period in the prior year, the company posted $0.04 EPS. The company’s revenue was down 6.0% compared to the same quarter last year. As a group, equities analysts forecast that Capri Holdings Limited will post 0.98 EPS for the current year.

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.