Capri Holdings Limited (NYSE:CPRI) Short Interest Up 10.1% in July

Capri Holdings Limited (NYSE:CPRI) saw a significant growth in short interest in July. As of July 15th, there was short interest totalling 7,980,000 shares, a growth of 10.1% from the June 30th total of 7,250,000 shares. Based on an average trading volume of 1,340,000 shares, the short-interest ratio is presently 6.0 days. Currently, 7.0% of the company’s stock are sold short.

Analysts Set New Price Targets

CPRI has been the topic of several research reports. Jefferies Financial Group cut their price objective on shares of Capri from $57.00 to $38.00 and set a “hold” rating on the stock in a research report on Thursday, May 30th. Citigroup raised Capri from a “neutral” rating to a “buy” rating and reduced their price objective for the stock from $56.00 to $41.00 in a research report on Monday, June 17th. Telsey Advisory Group reissued a “market perform” rating and issued a $42.00 target price on shares of Capri in a research report on Thursday, May 30th. OTR Global reaffirmed a “mixed” rating on shares of Capri in a research report on Wednesday, April 17th. Finally, Wells Fargo & Company upgraded shares of Capri from an “equal weight” rating to an “overweight” rating and lowered their price objective for the company from $57.00 to $43.00 in a report on Tuesday, June 25th. Nine equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $47.75.

Capri Stock Down 0.2 %

Shares of NYSE CPRI traded down $0.06 during trading hours on Tuesday, hitting $33.64. The company had a trading volume of 16,926 shares, compared to its average volume of 1,252,349. Capri has a 1-year low of $30.79 and a 1-year high of $54.52. The company has a quick ratio of 0.44, a current ratio of 0.95 and a debt-to-equity ratio of 0.79. The firm’s 50 day moving average is $33.56 and its 200-day moving average is $40.18. The stock has a market capitalization of $3.92 billion, a P/E ratio of -17.12, a price-to-earnings-growth ratio of 3.42 and a beta of 2.01.

Capri (NYSE:CPRI) last announced its quarterly earnings results on Wednesday, May 29th. The company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.30). The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.29 billion. Capri had a negative net margin of 4.43% and a positive return on equity of 22.76%. The business’s revenue was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.97 EPS. On average, analysts expect that Capri will post 3.45 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Capri

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Brevan Howard Capital Management LP acquired a new stake in shares of Capri in the fourth quarter valued at approximately $3,153,000. Calamos Advisors LLC boosted its stake in Capri by 14.2% in the 4th quarter. Calamos Advisors LLC now owns 553,387 shares of the company’s stock valued at $27,802,000 after purchasing an additional 68,663 shares during the period. Boulder Hill Capital Management LP bought a new stake in shares of Capri in the fourth quarter valued at about $1,904,000. Raymond James Financial Services Advisors Inc. boosted its holdings in Capri by 26.1% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 48,524 shares of the company’s stock valued at $2,438,000 after purchasing an additional 10,029 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its stake in shares of Capri by 17.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 155,580 shares of the company’s stock valued at $7,312,000 after buying an additional 23,294 shares during the period. Institutional investors 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.