Traders Buy Large Volume of Call Options on Capri (NYSE:CPRI)

Capri Holdings Limited (NYSE:CPRI) was the target of unusually large options trading on Monday. Stock traders acquired 35,503 call options on the company. This represents an increase of approximately 48% compared to the typical daily volume of 23,991 call options.

Institutional Trading of Capri

Several hedge funds and other institutional investors have recently made changes to their positions in CPRI. FMR LLC increased its position in Capri by 249.4% during the 4th quarter. FMR LLC now owns 9,987,603 shares of the company’s stock valued at $210,339,000 after buying an additional 7,129,123 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of Capri by 22,554.7% during the fourth quarter. Pacer Advisors Inc. now owns 3,902,960 shares of the company’s stock worth $82,196,000 after acquiring an additional 3,885,732 shares during the last quarter. Norges Bank acquired a new position in shares of Capri during the fourth quarter valued at about $58,070,000. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Capri in the 4th quarter valued at approximately $48,953,000. Finally, Junto Capital Management LP acquired a new stake in Capri in the 4th quarter worth approximately $26,112,000. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Telsey Advisory Group reissued a “market perform” rating and set a $23.00 target price on shares of Capri in a research note on Thursday, February 20th. TD Cowen dropped their target price on shares of Capri from $57.00 to $22.00 and set a “hold” rating on the stock in a research note on Friday, November 15th. Wells Fargo & Company lifted their price target on shares of Capri from $28.00 to $30.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. BMO Capital Markets raised Capri from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $25.00 to $31.00 in a research note on Monday, January 6th. Finally, StockNews.com raised Capri from a “sell” rating to a “hold” rating in a research report on Friday, February 7th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $25.92.

Capri Stock Performance

Shares of Capri stock opened at $22.80 on Tuesday. The company has a market capitalization of $2.69 billion, a PE ratio of -2.67, a P/E/G ratio of 7.80 and a beta of 2.06. The company has a 50-day simple moving average of $22.55 and a two-hundred day simple moving average of $28.04. Capri has a one year low of $18.70 and a one year high of $47.17. The company has a debt-to-equity ratio of 1.36, a quick ratio of 0.59 and a current ratio of 1.21.

Capri (NYSE:CPRI) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.45 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.27). Capri had a positive return on equity of 12.89% and a negative net margin of 21.79%. During the same quarter in the prior year, the business posted $1.20 EPS. Research analysts expect that Capri will post 0.98 EPS for the current fiscal year.

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.