Capri Holdings Ltd (NYSE:CPRI) Short Interest Update

Capri Holdings Ltd (NYSE:CPRI) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totalling 11,110,000 shares, a decline of 10.8% from the December 15th total of 12,450,000 shares. Based on an average daily volume of 2,290,000 shares, the days-to-cover ratio is currently 4.9 days. Approximately 7.7% of the company’s stock are sold short.

A number of brokerages have recently commented on CPRI. ValuEngine raised shares of Capri from a “sell” rating to a “hold” rating in a research report on Friday, January 3rd. Barclays began coverage on shares of Capri in a research report on Tuesday, November 12th. They issued an “equal weight” rating and a $37.00 price objective on the stock. Guggenheim raised shares of Capri from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 6th. Zacks Investment Research raised shares of Capri from a “sell” rating to a “hold” rating and set a $38.00 price objective on the stock in a research report on Tuesday. Finally, Jefferies Financial Group boosted their price objective on shares of Capri from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Wednesday, September 18th. They noted that the move was a valuation call. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $52.50.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Quadrant Capital Group LLC increased its holdings in shares of Capri by 98.4% in the third quarter. Quadrant Capital Group LLC now owns 760 shares of the company’s stock valued at $25,000 after purchasing an additional 377 shares during the last quarter. Rational Advisors LLC increased its holdings in shares of Capri by 183.7% in the third quarter. Rational Advisors LLC now owns 2,000 shares of the company’s stock valued at $66,000 after purchasing an additional 1,295 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Capri in the first quarter valued at $69,000. CSat Investment Advisory L.P. increased its holdings in shares of Capri by 109.6% in the second quarter. CSat Investment Advisory L.P. now owns 2,088 shares of the company’s stock valued at $72,000 after purchasing an additional 1,092 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in shares of Capri by 11.4% in the third quarter. Daiwa Securities Group Inc. now owns 5,851 shares of the company’s stock valued at $194,000 after purchasing an additional 600 shares during the last quarter. Institutional investors and hedge funds own 91.07% of the company’s stock.

Shares of CPRI opened at $36.75 on Thursday. The company has a market cap of $5.46 billion, a price-to-earnings ratio of 7.39, a PEG ratio of 1.52 and a beta of 0.88. Capri has a 1-year low of $25.25 and a 1-year high of $50.00. The company’s fifty day simple moving average is $37.55 and its 200 day simple moving average is $33.59. The company has a current ratio of 1.05, a quick ratio of 0.46 and a debt-to-equity ratio of 1.48.

Capri (NYSE:CPRI) last issued its earnings results on Wednesday, November 6th. The company reported $1.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.25 by ($0.09). The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.44 billion. Capri had a return on equity of 28.91% and a net margin of 6.04%. The business’s revenue for the quarter was up 15.1% compared to the same quarter last year. As a group, research analysts forecast that Capri will post 4.89 earnings per share for the current year.

Capri Company Profile

Capri Holdings Limited design, markets, distributes, and retails branded women's and men's apparel and accessories. It operates in four segments: MK Retail, MK Wholesale, MK Licensing, and Jimmy Choo. The MK Retail segment sells women's apparel; handbags and small leather goods; men's apparel; footwear; and licensed products comprising watches, jewelry, fragrances, and beauty and eyewear.

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