Capri (NYSE:CPRI) Sees Unusually-High Trading Volume

Capri Holdings Limited (NYSE:CPRI) shares saw an uptick in trading volume on Tuesday . 1,507,110 shares were traded during mid-day trading, an increase of 15% from the previous session’s volume of 1,311,695 shares.The stock last traded at $39.94 and had previously closed at $38.66.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CPRI shares. Jefferies Financial Group decreased their price target on shares of Capri from $57.00 to $38.00 and set a “hold” rating for the company in a research note on Thursday, May 30th. Telsey Advisory Group reiterated a “market perform” rating and set a $42.00 target price on shares of Capri in a research note on Thursday, May 30th. Wells Fargo & Company decreased their price target on Capri from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Friday, August 9th. UBS Group lowered their price objective on Capri from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Wednesday, September 11th. Finally, StockNews.com cut Capri from a “hold” rating to a “sell” rating in a research note on Tuesday, August 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Capri currently has an average rating of “Hold” and an average price target of $40.40.

Capri Stock Up 3.2 %

The company has a current ratio of 0.95, a quick ratio of 0.41 and a debt-to-equity ratio of 0.79. The business has a 50 day moving average of $34.41 and a 200-day moving average of $36.84. The stock has a market cap of $4.65 billion, a PE ratio of -20.69, a P/E/G ratio of 6.66 and a beta of 1.97.

Capri (NYSE:CPRI) last announced its earnings results on Thursday, August 8th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.59 by ($0.55). The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.16 billion. Capri had a negative net margin of 5.81% and a positive return on equity of 18.72%. The business’s revenue was down 13.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.74 earnings per share. Equities research analysts predict that Capri Holdings Limited will post 2.12 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Blair William & Co. IL boosted its holdings in Capri by 5.8% in the 2nd quarter. Blair William & Co. IL now owns 6,362 shares of the company’s stock valued at $210,000 after purchasing an additional 350 shares in the last quarter. Signaturefd LLC grew its holdings in Capri by 14.7% during the second quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock worth $90,000 after acquiring an additional 351 shares during the period. EMC Capital Management lifted its holdings in Capri by 32.7% in the first quarter. EMC Capital Management now owns 2,421 shares of the company’s stock valued at $110,000 after acquiring an additional 596 shares during the period. Swiss National Bank grew its stake in shares of Capri by 0.3% during the 1st quarter. Swiss National Bank now owns 229,500 shares of the company’s stock worth $10,396,000 after purchasing an additional 600 shares during the period. Finally, Bessemer Group Inc. lifted its stake in shares of Capri by 82.4% in the first quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock valued at $60,000 after purchasing an additional 601 shares during the period. 84.34% of the stock is currently owned by hedge funds and other institutional investors.

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.