Investors Purchase High Volume of Call Options on Capri (NYSE:CPRI)

Capri Holdings Limited (NYSE:CPRI) saw unusually large options trading activity on Thursday. Stock traders acquired 41,438 call options on the stock. This represents an increase of 75% compared to the average volume of 23,661 call options.

Capri Stock Performance

Shares of Capri stock traded up $0.48 during trading on Friday, reaching $21.00. The company’s stock had a trading volume of 5,898,896 shares, compared to its average volume of 2,076,146. The company has a quick ratio of 0.38, a current ratio of 0.93 and a debt-to-equity ratio of 0.83. The business’s 50-day moving average price is $34.30 and its 200-day moving average price is $34.08. Capri has a 52 week low of $18.70 and a 52 week high of $51.23. The firm has a market cap of $2.48 billion, a PE ratio of -6.86, a P/E/G ratio of 3.84 and a beta of 2.05.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CPRI shares. Robert W. Baird cut their target price on shares of Capri from $24.00 to $23.00 and set a “neutral” rating for the company in a research note on Friday, November 8th. Wells Fargo & Company cut their price objective on Capri from $42.00 to $23.00 and set an “equal weight” rating for the company in a research report on Friday, October 25th. JPMorgan Chase & Co. decreased their target price on Capri from $57.00 to $22.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Telsey Advisory Group cut their price target on Capri from $26.00 to $23.00 and set a “market perform” rating for the company in a report on Friday. Finally, StockNews.com downgraded shares of Capri from a “hold” rating to a “sell” rating in a report on Tuesday, August 27th. One analyst has rated the stock with a sell rating and eight have issued a hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $28.88.

Institutional Trading of Capri

A number of institutional investors have recently bought and sold shares of CPRI. Primecap Management Co. CA raised its position in shares of Capri by 14.2% in the third quarter. Primecap Management Co. CA now owns 4,140,755 shares of the company’s stock valued at $175,734,000 after buying an additional 515,963 shares in the last quarter. FMR LLC raised its holdings in Capri by 389.2% in the 3rd quarter. FMR LLC now owns 2,858,480 shares of the company’s stock valued at $121,314,000 after acquiring an additional 2,274,149 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Capri by 2.2% during the 3rd quarter. Geode Capital Management LLC now owns 1,942,145 shares of the company’s stock valued at $82,446,000 after acquiring an additional 41,009 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Capri by 4.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,587,602 shares of the company’s stock valued at $52,514,000 after acquiring an additional 68,081 shares during the period. Finally, Baupost Group LLC MA acquired a new stake in shares of Capri during the 2nd quarter worth $33,080,000. Institutional investors own 84.34% of the company’s stock.

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.