Capri (NYSE:CPRI) Sees Unusually-High Trading Volume – Here’s Why

Shares of Capri Holdings Limited (NYSE:CPRI) saw unusually-high trading volume on Friday . Approximately 965,125 shares traded hands during trading, a decline of 10% from the previous session’s volume of 1,072,336 shares.The stock last traded at $20.25 and had previously closed at $20.61.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. Barclays reiterated an “equal weight” rating and set a $21.00 target price on shares of Capri in a report on Wednesday, November 20th. Telsey Advisory Group dropped their target price on Capri from $26.00 to $23.00 and set a “market perform” rating on the stock in a report on Friday, November 15th. Wells Fargo & Company reduced their price target on Capri from $42.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, October 25th. Citigroup cut 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. Finally, Robert W. Baird cut their price objective on shares of Capri from $24.00 to $23.00 and set a “neutral” rating on the stock in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $27.90.

Capri Stock Down 0.9 %

The company’s 50 day simple moving average is $21.26 and its 200-day simple moving average is $30.97. 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 firm has a market cap of $2.41 billion, a P/E ratio of -6.67, a PEG ratio of 4.55 and a beta of 2.05.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dynamic Technology Lab Private Ltd bought a new stake in Capri in the 3rd quarter worth approximately $224,000. Riverwater Partners LLC purchased a new position in shares of Capri in the 3rd quarter worth $1,030,000. Senvest Management LLC bought a new stake in shares of Capri in the third quarter worth $6,610,000. Primecap Management Co. CA increased its position in Capri by 14.2% during the third quarter. Primecap Management Co. CA now owns 4,140,755 shares of the company’s stock valued at $175,734,000 after acquiring an additional 515,963 shares during the last quarter. Finally, Anthracite Investment Company Inc. bought a new position in Capri in the third quarter valued at about $7,869,000. Institutional investors own 84.34% of the company’s stock.

Capri Company Profile

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.