Capri (NYSE:CPRI) Sees Strong Trading Volume

Shares of Capri Holdings Limited (NYSE:CPRI) saw an uptick in trading volume on Wednesday . 2,539,801 shares traded hands during trading, an increase of 111% from the previous session’s volume of 1,205,002 shares.The stock last traded at $38.15 and had previously closed at $38.93.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CPRI. OTR Global restated a “mixed” rating on shares of Capri in a research report on Wednesday. StockNews.com started coverage on Capri in a research note on Saturday. They issued a “hold” rating on the stock. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and issued a $57.00 price target on shares of Capri in a research note on Friday, February 9th. Thirteen research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Capri presently has a consensus rating of “Hold” and a consensus price target of $50.50.

Capri Stock Down 2.7 %

The firm has a fifty day simple moving average of $45.47 and a 200-day simple moving average of $48.27. The company has a market capitalization of $4.41 billion, a P/E ratio of 21.33, a P/E/G ratio of 7.98 and a beta of 2.03. The company has a quick ratio of 0.49, a current ratio of 1.06 and a debt-to-equity ratio of 0.71.

Capri (NYSE:CPRI) last announced its quarterly earnings results on Thursday, February 8th. The company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.74 by ($0.54). The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.48 billion. Capri had a return on equity of 25.79% and a net margin of 3.96%. The firm’s revenue was down 5.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.84 earnings per share. On average, equities research analysts expect that Capri Holdings Limited will post 3.8 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Global Assets Advisory LLC bought a new position in shares of Capri during the 1st quarter worth approximately $2,297,000. Peak Financial Advisors LLC lifted its holdings in Capri by 15.3% during the 1st quarter. Peak Financial Advisors LLC now owns 53,012 shares of the company’s stock worth $2,401,000 after purchasing an additional 7,043 shares during the last quarter. Kapitalo Investimentos Ltda lifted its holdings in Capri by 8.9% during the 4th quarter. Kapitalo Investimentos Ltda now owns 236,003 shares of the company’s stock worth $11,857,000 after purchasing an additional 19,203 shares during the last quarter. Nomura Holdings Inc. acquired a new stake in Capri during the 4th quarter worth approximately $1,533,000. Finally, Vima LLC acquired a new stake in Capri during the 4th quarter worth approximately $70,000. 84.34% of the stock is currently owned by institutional investors.

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.