GAMMA Investing LLC Has $204,000 Stock Holdings in Capri Holdings Limited $CPRI

GAMMA Investing LLC lifted its position in shares of Capri Holdings Limited (NYSE:CPRI) by 174.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,499 shares of the company’s stock after purchasing an additional 7,316 shares during the period. GAMMA Investing LLC’s holdings in Capri were worth $204,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in CPRI. Farther Finance Advisors LLC increased its position in Capri by 758.1% in the 1st quarter. Farther Finance Advisors LLC now owns 1,433 shares of the company’s stock valued at $28,000 after acquiring an additional 1,266 shares during the period. Banque Cantonale Vaudoise bought a new stake in shares of Capri in the first quarter worth $29,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Capri in the first quarter valued at $30,000. UMB Bank n.a. raised its position in Capri by 134.9% during the 1st quarter. UMB Bank n.a. now owns 1,776 shares of the company’s stock worth $35,000 after purchasing an additional 1,020 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in Capri by 139.6% during the 1st quarter. Fifth Third Bancorp now owns 2,343 shares of the company’s stock worth $46,000 after purchasing an additional 1,365 shares during the last quarter. Institutional investors own 84.34% of the company’s stock.

Capri Stock Performance

Shares of CPRI stock opened at $19.88 on Monday. The firm has a 50 day moving average of $20.37 and a 200-day moving average of $18.38. The company has a market cap of $2.37 billion, a price-to-earnings ratio of -2.11, a price-to-earnings-growth ratio of 0.43 and a beta of 1.75. 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 Holdings Limited has a 52 week low of $11.86 and a 52 week high of $43.34.

Capri (NYSE:CPRI) last issued its earnings results on Wednesday, August 6th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.37. Capri had a negative net margin of 26.73% and a negative return on equity of 53.50%. The business 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 firm earned $0.04 earnings per share. Capri’s revenue was down 6.0% on a year-over-year basis. On average, equities analysts forecast that Capri Holdings Limited will post 0.98 earnings per share for the current year.

Analyst Upgrades and Downgrades

CPRI has been the topic of a number of analyst reports. Zacks Research upgraded Capri from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 26th. Telsey Advisory Group reiterated a “market perform” rating and issued a $22.00 target price (up from $20.00) on shares of Capri in a report on Wednesday, August 6th. UBS Group increased their target price on shares of Capri from $18.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, August 7th. JPMorgan Chase & Co. upgraded shares of Capri from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $21.00 to $30.00 in a research report on Wednesday, August 13th. Finally, Wall Street Zen upgraded shares of Capri from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Five equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $24.08.

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.