Capri Sees Unusually High Options Volume (NYSE:CPRI)

Capri Holdings Limited (NYSE:CPRI) saw some unusual options trading activity on Wednesday. Investors purchased 31,807 call options on the stock. This represents an increase of approximately 555% compared to the typical daily volume of 4,855 call options.

Capri Stock Down 5.3%

Shares of NYSE:CPRI traded down $0.99 on Wednesday, hitting $17.51. 3,285,655 shares of the company traded hands, compared to its average volume of 2,969,714. The stock has a 50 day simple moving average of $18.77 and a 200-day simple moving average of $21.56. The company has a quick ratio of 0.52, a current ratio of 1.14 and a debt-to-equity ratio of 2.07. The company has a market cap of $2.09 billion, a PE ratio of -4.15, a PEG ratio of 0.29 and a beta of 1.43. Capri has a 52 week low of $16.22 and a 52 week high of $28.26.

Capri (NYSE:CPRI) last issued its earnings results on Wednesday, May 27th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.11. Capri had a negative net margin of 13.57% and a negative return on equity of 430.23%. The company’s revenue was down 23.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($4.90) EPS. Capri has set its FY 2027 guidance at 2.150-2.150 EPS and its Q1 2027 guidance at 0.400-0.400 EPS. As a group, research analysts expect that Capri will post 1.39 earnings per share for the current year.

Insider Transactions at Capri

In related news, CEO John D. Idol purchased 55,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 11th. The stock was bought at an average cost of $17.98 per share, with a total value of $988,900.00. Following the completion of the purchase, the chief executive officer directly owned 2,257,645 shares in the company, valued at approximately $40,592,457.10. This represents a 2.50% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.30% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Measured Wealth Private Client Group LLC lifted its holdings in shares of Capri by 299.7% during the first quarter. Measured Wealth Private Client Group LLC now owns 1,523 shares of the company’s stock valued at $27,000 after purchasing an additional 1,142 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in Capri in the 3rd quarter worth about $39,000. Quantbot Technologies LP purchased a new position in Capri in the 2nd quarter worth about $39,000. Caitong International Asset Management Co. Ltd raised its position in Capri by 273.9% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,236 shares of the company’s stock worth $55,000 after buying an additional 1,638 shares during the last quarter. Finally, Hantz Financial Services Inc. lifted its stake in Capri by 167.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,701 shares of the company’s stock valued at $54,000 after acquiring an additional 1,691 shares during the period. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. TD Cowen reiterated a “buy” rating on shares of Capri in a report on Wednesday, February 4th. UBS Group restated a “neutral” rating and set a $22.00 target price on shares of Capri in a report on Wednesday, February 4th. BTIG Research reaffirmed a “buy” rating and issued a $30.00 target price on shares of Capri in a research report on Friday, January 30th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Capri in a research note on Monday, May 4th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Capri from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $25.92.

About Capri

Capri Holdings Limited (NYSE: CPRI) is a global luxury fashion company that designs, markets and distributes a range of premium lifestyle products. The company’s principal brands—Michael Kors, Versace and Jimmy Choo—offer handbags, ready-to-wear apparel, footwear, watches, jewelry, fragrance and other accessories. Capri Holdings combines in-house design talent with international sourcing, manufacturing and retail operations to deliver collections that reflect each brand’s distinct heritage and aesthetic vision.

Formed in 2018 through the rebranding of Michael Kors Holdings following the acquisition of Versace, Capri has since integrated Jimmy Choo into its portfolio.