Capri Holdings Limited (NYSE:CPRI) Short Interest Up 7.4% in November

Capri Holdings Limited (NYSE:CPRI) was the target of a large growth in short interest during the month of November. As of November 30th, there was short interest totalling 9,480,000 shares, a growth of 7.4% from the November 15th total of 8,830,000 shares. Based on an average trading volume of 4,600,000 shares, the days-to-cover ratio is currently 2.1 days. Approximately 8.2% of the company’s shares are short sold.

Wall Street Analyst Weigh In

CPRI has been the subject of several analyst reports. StockNews.com lowered Capri from a “hold” rating to a “sell” rating in a research report on Tuesday, August 27th. Telsey Advisory Group lowered their price target on Capri from $26.00 to $23.00 and set a “market perform” rating for the company in a report on Friday, November 15th. UBS Group reduced their price objective on shares of Capri from $42.00 to $39.00 and set a “neutral” rating on the stock in a report on Wednesday, September 11th. JPMorgan Chase & Co. increased their target price on shares of Capri from $15.00 to $19.00 and gave the stock a “neutral” rating in a research note on Monday. Finally, Citigroup downgraded shares of 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. One analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $27.90.

Capri Stock Up 0.3 %

NYSE CPRI traded up $0.06 on Tuesday, hitting $22.21. 2,986,088 shares of the stock were exchanged, compared to its average volume of 2,231,077. Capri has a fifty-two week low of $18.70 and a fifty-two week high of $51.23. The company has a 50-day moving average price of $26.83 and a 200-day moving average price of $32.06. The company has a market cap of $2.62 billion, a PE ratio of -7.27, a PEG ratio of 4.63 and a beta of 2.05. The company has a quick ratio of 0.38, a current ratio of 0.93 and a debt-to-equity ratio of 0.83.

Institutional Trading of Capri

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CPRI. Sunbelt Securities Inc. acquired a new position in Capri during the third quarter worth approximately $42,000. Quarry LP acquired a new position in shares of Capri in the 3rd quarter valued at $53,000. CWM LLC raised its position in Capri by 35.2% in the 2nd quarter. CWM LLC now owns 2,452 shares of the company’s stock valued at $81,000 after purchasing an additional 638 shares during the last quarter. Signaturefd LLC raised its position in Capri by 14.7% in the 2nd quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock valued at $90,000 after purchasing an additional 351 shares during the last quarter. Finally, KBC Group NV boosted its stake in Capri by 26.9% during the 3rd quarter. KBC Group NV now owns 3,074 shares of the company’s stock worth $130,000 after purchasing an additional 652 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.