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

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

Institutional Trading of Capri

Several institutional investors have recently added to or reduced their stakes in CPRI. Sunbelt Securities Inc. purchased a new stake in shares of Capri during the 3rd quarter valued at about $42,000. Quarry LP purchased a new stake in Capri in the third quarter worth approximately $53,000. CWM LLC grew its position in Capri by 35.2% in the 2nd 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 raised its stake in Capri by 14.7% during the 2nd quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock valued at $90,000 after buying an additional 351 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Capri by 1,580.1% during the 2nd quarter. GAMMA Investing LLC now owns 3,713 shares of the company’s stock valued at $123,000 after buying an additional 3,492 shares during the period. 84.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CPRI has been the topic of a number of analyst reports. StockNews.com cut shares of Capri from a “hold” rating to a “sell” rating in a research report on Tuesday, August 27th. Wells Fargo & Company lowered their target price 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. Guggenheim upgraded Capri from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Tuesday, November 26th. Telsey Advisory Group lowered their price objective on Capri from $26.00 to $23.00 and set a “market perform” rating for the company in a research report on Friday, November 15th. Finally, Barclays restated an “equal weight” rating and issued a $21.00 target price on shares of Capri in a report on Wednesday, November 20th. One 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, Capri currently has an average rating of “Hold” and an average price target of $28.20.

Capri Trading Down 2.2 %

NYSE CPRI opened at $22.86 on Wednesday. Capri has a 12 month low of $18.70 and a 12 month high of $51.23. 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 stock’s fifty day moving average price is $30.27 and its 200-day moving average price is $32.86. The stock has a market cap of $2.69 billion, a P/E ratio of -7.47, a P/E/G ratio of 4.98 and a beta of 2.05.

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.