Short Interest in Capri Holdings Limited (NYSE:CPRI) Grows By 11.5%

Capri Holdings Limited (NYSE:CPRI) saw a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 8,830,000 shares, a growth of 11.5% from the October 31st total of 7,920,000 shares. Approximately 7.7% of the company’s stock are sold short. Based on an average daily volume of 4,320,000 shares, the short-interest ratio is currently 2.0 days.

Analyst Ratings Changes

Several research firms have recently weighed in on CPRI. Guggenheim raised Capri from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Tuesday, November 26th. Wells Fargo & Company reduced their price objective on Capri from $42.00 to $23.00 and set an “equal weight” rating for the company in a research note on Friday, October 25th. UBS Group lowered their target price on Capri from $42.00 to $39.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 11th. Robert W. Baird dropped their target price on Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a report on Friday, November 8th. Finally, Citigroup downgraded Capri from a “buy” rating to a “neutral” rating and set a $41.00 price target for the company. in a report on Friday, September 13th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $28.20.

Capri Stock Up 0.4 %

Shares of Capri stock traded up $0.10 during trading hours on Monday, hitting $23.51. 1,342,017 shares of the company’s stock traded hands, compared to its average volume of 2,153,931. Capri has a twelve month low of $18.70 and a twelve month high of $51.23. The company has a market cap of $2.77 billion, a PE ratio of -7.65, a PEG ratio of 4.99 and a beta of 2.05. 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 stock has a 50 day simple moving average of $30.87 and a 200-day simple moving average of $33.04.

Hedge Funds Weigh In On Capri

Institutional investors have recently made changes to their positions in the business. Sunbelt Securities Inc. acquired a new stake in Capri during the third quarter valued at approximately $42,000. Quarry LP acquired a new stake in shares of Capri during the 3rd quarter valued at approximately $53,000. CWM LLC boosted its holdings in Capri by 35.2% in the second quarter. CWM LLC now owns 2,452 shares of the company’s stock worth $81,000 after purchasing an additional 638 shares during the period. Signaturefd LLC increased its stake in Capri by 14.7% during the second quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock valued at $90,000 after purchasing an additional 351 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Capri by 1,580.1% during the second quarter. GAMMA Investing LLC now owns 3,713 shares of the company’s stock worth $123,000 after purchasing an additional 3,492 shares during the period. 84.34% of the stock is owned by institutional investors and hedge funds.

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.