Capri Sees Unusually Large Options Volume (NYSE:CPRI)

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

Analysts Set New Price Targets

A number of research analysts have recently weighed in on CPRI shares. Citigroup downgraded Capri from a “buy” rating to a “neutral” rating and set a $41.00 price target on the stock. in a research note on Friday, September 13th. Robert W. Baird cut their target price on Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a research note on Friday, November 8th. UBS Group decreased their target price on Capri from $42.00 to $39.00 and set a “neutral” rating for the company in a research report on Wednesday, September 11th. JPMorgan Chase & Co. cut their price target on shares of Capri from $57.00 to $22.00 and set a “neutral” rating on the stock in a research report on Friday, October 25th. Finally, TD Cowen reduced their price target on shares of Capri from $57.00 to $22.00 and set a “hold” rating on the stock in a research report on Friday. One research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. Based on data from MarketBeat.com, Capri has an average rating of “Hold” and a consensus price target of $28.88.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Quarry LP bought a new stake in Capri during the 3rd quarter worth about $53,000. Bessemer Group Inc. boosted its position in Capri by 82.4% during the first quarter. Bessemer Group Inc. now owns 1,330 shares of the company’s stock valued at $60,000 after purchasing an additional 601 shares during the last quarter. EMC Capital Management grew its stake in Capri by 32.7% in the first quarter. EMC Capital Management now owns 2,421 shares of the company’s stock valued at $110,000 after purchasing an additional 596 shares in the last quarter. CWM LLC increased its position in shares of Capri by 35.2% during 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 last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of Capri during the 1st quarter worth approximately $117,000. 84.34% of the stock is currently owned by institutional investors.

Capri Stock Up 2.3 %

CPRI stock traded up $0.48 during trading hours on Friday, reaching $21.00. 5,898,896 shares of the stock were exchanged, compared to its average volume of 2,076,146. The company has a market cap of $2.48 billion, a price-to-earnings ratio of -6.86, a PEG ratio of 3.84 and a beta of 2.05. The firm’s 50-day moving average is $34.30 and its 200-day moving average is $34.08. Capri has a 12 month low of $18.70 and a 12 month high of $51.23. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.93 and a quick ratio of 0.38.

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.