Capri (NYSE:CPRI) Sees Large Volume Increase

Capri Holdings Limited (NYSE:CPRI) shares saw unusually-high trading volume on Tuesday . Approximately 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 firms have weighed in on CPRI. UBS Group decreased their target price on shares of Capri from $42.00 to $39.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 11th. Telsey Advisory Group reissued a “market perform” rating and set a $42.00 price objective on shares of Capri in a research note on Thursday, May 30th. Wells Fargo & Company cut their target price on Capri from $43.00 to $42.00 and set an “overweight” rating for the company in a research note on Friday, August 9th. StockNews.com cut shares of Capri from a “hold” rating to a “sell” rating in a research report on Tuesday, August 27th. Finally, Jefferies Financial Group dropped their price objective on shares of Capri from $57.00 to $38.00 and set a “hold” rating for the company in a report on Thursday, May 30th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $40.40.

Capri Price Performance

The company 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. The company has a quick ratio of 0.41, a current ratio of 0.95 and a debt-to-equity ratio of 0.79. The stock has a 50-day simple moving average of $34.41 and a 200 day simple moving average of $36.84.

Capri (NYSE:CPRI) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.55). The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Capri had a negative net margin of 5.81% and a positive return on equity of 18.72%. The firm’s quarterly revenue was down 13.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.74 earnings per share. Equities analysts expect that Capri Holdings Limited will post 2.12 EPS for the current year.

Institutional Trading of Capri

Institutional investors have recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in shares of Capri in the fourth quarter valued at approximately $166,766,000. TIG Advisors LLC grew its stake in shares of Capri by 9.3% in the fourth quarter. TIG Advisors LLC now owns 1,863,562 shares of the company’s stock worth $93,625,000 after acquiring an additional 158,303 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Capri by 82.8% in the fourth quarter. Franklin Resources Inc. now owns 1,669,441 shares of the company’s stock valued at $83,873,000 after acquiring an additional 756,425 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Capri by 4.5% in the second quarter. Dimensional Fund Advisors LP now owns 1,587,602 shares of the company’s stock valued at $52,514,000 after purchasing an additional 68,081 shares during the period. Finally, PSquared Asset Management AG increased its holdings in Capri by 21.5% during the 4th quarter. PSquared Asset Management AG now owns 1,410,515 shares of the company’s stock worth $64,807,000 after purchasing an additional 249,327 shares during the period. Institutional investors and hedge funds 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.