Short Interest in Capri Holdings Limited (NYSE:CPRI) Expands By 31.3%

Capri Holdings Limited (NYSE:CPRI) was the recipient of a significant growth in short interest in the month of March. As of March 15th, there was short interest totalling 10,230,000 shares, a growth of 31.3% from the February 28th total of 7,790,000 shares. Based on an average daily trading volume, of 3,450,000 shares, the short-interest ratio is presently 3.0 days. Approximately 8.9% of the company’s shares are short sold.

Institutional Investors Weigh In On Capri

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CPRI. Vanguard Group Inc. raised its stake in shares of Capri by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 11,377,630 shares of the company’s stock worth $239,613,000 after buying an additional 151,866 shares in the last quarter. FMR LLC grew its holdings in Capri by 249.4% during the fourth quarter. FMR LLC now owns 9,987,603 shares of the company’s stock worth $210,339,000 after acquiring an additional 7,129,123 shares during the period. Primecap Management Co. CA raised its position in Capri by 13.2% in the fourth quarter. Primecap Management Co. CA now owns 4,688,333 shares of the company’s stock worth $98,736,000 after acquiring an additional 547,578 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in Capri by 22,554.7% in the 4th quarter. Pacer Advisors Inc. now owns 3,902,960 shares of the company’s stock valued at $82,196,000 after acquiring an additional 3,885,732 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Capri during the 4th quarter valued at about $58,070,000. Institutional investors own 84.34% of the company’s stock.

Capri Stock Performance

CPRI stock traded up $0.29 during trading on Wednesday, reaching $19.65. 2,905,839 shares of the company’s stock were exchanged, compared to its average volume of 3,451,085. Capri has a 1-year low of $18.52 and a 1-year high of $45.70. The firm has a market cap of $2.32 billion, a PE ratio of -2.30, a P/E/G ratio of 7.80 and a beta of 2.10. The company’s fifty day moving average price is $22.09 and its 200-day moving average price is $25.86. The company has a quick ratio of 0.59, a current ratio of 1.21 and a debt-to-equity ratio of 1.36.

Capri (NYSE:CPRI) last announced its earnings results on Wednesday, February 5th. The company reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.27). Capri had a negative net margin of 21.79% and a positive return on equity of 12.89%. During the same quarter in the prior year, the business posted $1.20 earnings per share. On average, research analysts expect that Capri will post 0.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Guggenheim reissued a “buy” rating and issued a $30.00 price objective on shares of Capri in a research report on Wednesday, February 12th. JPMorgan Chase & Co. raised their price objective on Capri from $15.00 to $19.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. Citigroup raised Capri from a “neutral” rating to a “buy” rating and upped their target price for the stock from $21.00 to $29.00 in a research report on Friday, January 10th. BMO Capital Markets upgraded 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. Finally, Jefferies Financial Group boosted their target price on shares of Capri from $20.00 to $23.00 and gave the stock a “hold” rating in a research report on Tuesday, January 28th. Nine analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Capri presently has a consensus rating of “Hold” and a consensus price target of $25.92.

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.