Short Interest in Capri Holdings Limited (NYSE:CPRI) Rises By 11.5%

Capri Holdings Limited (NYSE:CPRI) was the recipient of a large growth in short interest in November. As of November 15th, there was short interest totalling 8,830,000 shares, a growth of 11.5% from the October 31st total of 7,920,000 shares. Based on an average trading volume of 4,320,000 shares, the short-interest ratio is currently 2.0 days. Approximately 7.7% of the shares of the company are sold short.

Hedge Funds Weigh In On Capri

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CPRI. Riverwater Partners LLC acquired a new stake in shares of Capri in the third quarter valued at about $1,030,000. Primecap Management Co. CA grew its holdings in shares of Capri by 14.2% during the 3rd quarter. Primecap Management Co. CA now owns 4,140,755 shares of the company’s stock worth $175,734,000 after purchasing an additional 515,963 shares in the last quarter. Senvest Management LLC bought a new stake in shares of Capri during the third quarter valued at approximately $6,610,000. Anthracite Investment Company Inc. bought a new position in Capri during the third quarter worth about $7,869,000. Finally, Aristides Capital LLC bought a new position in shares of Capri during the second quarter valued at $1,865,000. Institutional investors own 84.34% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on CPRI shares. JPMorgan Chase & Co. lowered their price objective on shares of Capri from $57.00 to $22.00 and set a “neutral” rating on the stock in a research note on Friday, October 25th. Barclays reissued an “equal weight” rating and set a $21.00 target price on shares of Capri in a research note on Wednesday, November 20th. Guggenheim upgraded Capri from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Tuesday, November 26th. Wells Fargo & Company reduced their target price on Capri from $42.00 to $23.00 and set an “equal weight” rating for the company in a report on Friday, October 25th. Finally, UBS Group cut their price objective on Capri from $42.00 to $39.00 and set a “neutral” rating on the stock in a report on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $28.20.

Capri Stock Up 0.4 %

Shares of Capri stock traded up $0.10 on Monday, hitting $23.51. 1,342,017 shares of the company traded hands, compared to its average volume of 2,153,931. The company has a market cap of $2.77 billion, a PE ratio of -7.65, a PEG ratio of 4.99 and a beta of 2.05. Capri has a 12-month low of $18.70 and a 12-month high of $51.23. The company has a quick ratio of 0.38, a current ratio of 0.93 and a debt-to-equity ratio of 0.83. The company has a 50-day moving average price of $30.87 and a 200 day moving average price of $33.04.

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.