Capri Holdings Limited (NYSE:CPRI) Sees Large Growth in Short Interest

Capri Holdings Limited (NYSE:CPRI) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 10,110,000 shares, a growth of 10.9% from the December 15th total of 9,120,000 shares. Based on an average trading volume of 4,980,000 shares, the short-interest ratio is presently 2.0 days. Currently, 8.8% of the company’s shares are short sold.

Wall Street Analyst Weigh In

Several research firms recently commented on CPRI. Telsey Advisory Group reduced their price target on shares of Capri from $26.00 to $23.00 and set a “market perform” rating on the stock in a research note on Friday, November 15th. TD Cowen decreased their price target on shares of Capri from $57.00 to $22.00 and set a “hold” rating for the company in a research note on Friday, November 15th. Barclays reissued an “equal weight” rating and issued a $21.00 price objective on shares of Capri in a research note on Wednesday, November 20th. Robert W. Baird reduced their price objective 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 upgraded Capri from a “neutral” rating to a “buy” rating and upped their target price for the stock from $21.00 to $29.00 in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $27.55.

Capri Trading Up 0.1 %

CPRI stock traded up $0.02 during trading on Monday, reaching $23.80. 2,829,249 shares of the stock were exchanged, compared to its average volume of 2,512,645. The business has a 50 day moving average price of $21.68 and a 200-day moving average price of $30.20. Capri has a 1 year low of $18.70 and a 1 year high of $50.79. The company has a current ratio of 0.93, a quick ratio of 0.38 and a debt-to-equity ratio of 0.83. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of -7.78, a P/E/G ratio of 5.01 and a beta of 2.06.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Capri during the third quarter valued at about $224,000. Riverwater Partners LLC acquired a new stake in Capri in the 3rd quarter valued at approximately $1,030,000. Senvest Management LLC acquired a new stake in Capri in the 3rd quarter valued at approximately $6,610,000. Primecap Management Co. CA lifted its stake in Capri by 14.2% during the third quarter. Primecap Management Co. CA now owns 4,140,755 shares of the company’s stock worth $175,734,000 after purchasing an additional 515,963 shares in the last quarter. Finally, Anthracite Investment Company Inc. purchased a new position in shares of Capri during the third quarter worth $7,869,000. 84.34% of the stock is currently owned by institutional investors and hedge funds.

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.