Capri Holdings Limited (NYSE:CPRI) Short Interest Update

Capri Holdings Limited (NYSE:CPRI) was the target of a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 10,230,000 shares, an increase of 31.3% from the February 28th total of 7,790,000 shares. Currently, 8.9% of the company’s stock are short sold. Based on an average daily volume of 3,450,000 shares, the days-to-cover ratio is presently 3.0 days.

Capri Stock Performance

Shares of NYSE CPRI traded down $0.55 during trading hours on Monday, hitting $19.75. 3,564,553 shares of the company’s stock were exchanged, compared to its average volume of 2,835,179. The company’s 50-day moving average price is $22.09 and its 200-day moving average price is $25.86. Capri has a 1-year low of $18.53 and a 1-year high of $45.77. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of -2.31, a PEG ratio of 7.80 and a beta of 2.10. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.21 and a quick ratio of 0.59.

Capri (NYSE:CPRI) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates 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 period last year, the business earned $1.20 EPS. On average, sell-side analysts expect that Capri will post 0.98 earnings per share for the current fiscal year.

Institutional Trading of Capri

Several hedge funds and other institutional investors have recently bought and sold shares of CPRI. Sunbelt Securities Inc. bought a new stake in shares of Capri in the third quarter valued at about $42,000. Quarry LP acquired a new position in Capri in the 3rd quarter valued at approximately $53,000. Twin Tree Management LP bought a new stake in shares of Capri in the 4th quarter worth approximately $45,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Capri during the 4th quarter worth approximately $74,000. Finally, KBC Group NV increased its position in shares of Capri by 63.9% during the fourth quarter. KBC Group NV now owns 5,039 shares of the company’s stock valued at $106,000 after purchasing an additional 1,965 shares during the period. 84.34% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently issued reports on CPRI shares. Telsey Advisory Group reissued a “market perform” rating and set a $23.00 price objective on shares of Capri in a research report on Thursday, February 20th. Barclays dropped their price objective on Capri from $21.00 to $19.00 and set an “equal weight” rating on the stock in a report on Thursday, February 6th. Wells Fargo & Company lifted their target price 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. Guggenheim restated a “buy” rating and set a $30.00 price target on shares of Capri in a research note on Wednesday, February 12th. Finally, Bank of America initiated coverage on shares of Capri in a research note on Monday, February 10th. They issued a “neutral” rating and a $23.00 price objective for the company. Nine equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Capri has a consensus rating of “Hold” and an average target price of $25.92.

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.