Capri Holdings Limited (NYSE:CPRI) Short Interest Update

Capri Holdings Limited (NYSE:CPRI) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 10,110,000 shares, an increase of 10.9% from the December 15th total of 9,120,000 shares. Based on an average daily volume of 4,980,000 shares, the days-to-cover ratio is presently 2.0 days. Approximately 8.8% of the company’s stock are sold short.

Capri Stock Performance

Shares of CPRI stock traded up $0.02 during mid-day trading on Monday, hitting $23.80. 2,829,249 shares of the stock were exchanged, compared to its average volume of 2,512,645. Capri has a 12-month low of $18.70 and a 12-month high of $50.79. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.38 and a current ratio of 0.93. The stock has a market capitalization of $2.81 billion, a price-to-earnings ratio of -7.78, a P/E/G ratio of 5.01 and a beta of 2.06. The stock’s fifty day simple moving average is $21.68 and its two-hundred day simple moving average is $30.20.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Capri in the third quarter valued at approximately $224,000. Riverwater Partners LLC purchased a new stake in Capri in the 3rd quarter valued at $1,030,000. Senvest Management LLC acquired a new stake in Capri during the 3rd quarter worth $6,610,000. Primecap Management Co. CA grew its position in 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 during the last quarter. Finally, Anthracite Investment Company Inc. acquired a new position in Capri in the third quarter valued at $7,869,000. Institutional investors and hedge funds own 84.34% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on CPRI shares. JPMorgan Chase & Co. boosted their target price on Capri from $15.00 to $19.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. Citigroup raised Capri from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $21.00 to $29.00 in a research report on Friday, January 10th. BMO Capital Markets raised shares of Capri from a “market perform” rating to an “outperform” rating and raised their target price for the company from $25.00 to $31.00 in a report on Monday, January 6th. Wells Fargo & Company upgraded shares of Capri from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $20.00 to $28.00 in a report on Friday, January 10th. Finally, TD Cowen reduced their price objective on shares of Capri from $57.00 to $22.00 and set a “hold” rating on the stock in a report on Friday, November 15th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $27.55.

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.