Short Interest in Capri Holdings Limited (NYSE:CPRI) Rises By 5.3%

Capri Holdings Limited (NYSE:CPRI) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 8,100,000 shares, an increase of 5.3% from the September 15th total of 7,690,000 shares. Currently, 7.0% of the company’s shares are sold short. Based on an average daily volume of 1,430,000 shares, the days-to-cover ratio is presently 5.7 days.

Analyst Upgrades and Downgrades

CPRI has been the subject of a number of recent analyst reports. Citigroup cut shares of Capri from a “buy” rating to a “neutral” rating and set a $41.00 price target for the company. in a research report on Friday, September 13th. Wells Fargo & Company lowered Capri from an “overweight” rating to an “equal weight” rating and set a $42.00 target price on the stock. in a research report on Thursday. StockNews.com lowered Capri from a “hold” rating to a “sell” rating in a research report on Tuesday, August 27th. 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 equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $40.40.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CPRI. Dimensional Fund Advisors LP raised its holdings in shares of Capri by 4.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,587,602 shares of the company’s stock valued at $52,514,000 after purchasing an additional 68,081 shares in the last quarter. Baupost Group LLC MA acquired a new stake in Capri in the second quarter valued at $33,080,000. Carlson Capital L P raised its stake in Capri by 2.1% in the first quarter. Carlson Capital L P now owns 955,000 shares of the company’s stock valued at $43,262,000 after buying an additional 20,000 shares in the last quarter. Samlyn Capital LLC lifted its holdings in Capri by 8.3% during the 2nd quarter. Samlyn Capital LLC now owns 795,258 shares of the company’s stock worth $26,307,000 after buying an additional 61,232 shares during the last quarter. Finally, DME Capital Management LP acquired a new position in shares of Capri during the 2nd quarter worth about $22,652,000. Hedge funds and other institutional investors own 84.34% of the company’s stock.

Capri Stock Down 0.7 %

Shares of NYSE:CPRI traded down $0.30 during trading on Thursday, hitting $42.61. The company’s stock had a trading volume of 1,203,738 shares, compared to its average volume of 1,339,149. Capri has a fifty-two week low of $29.28 and a fifty-two week high of $51.99. The business has a 50 day moving average price of $37.60 and a two-hundred day moving average price of $36.16. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.41 and a current ratio of 0.95. The company has a market capitalization of $4.97 billion, a PE ratio of -21.70, a P/E/G ratio of 7.08 and a beta of 1.97.

Capri (NYSE:CPRI) last released its earnings results on Thursday, August 8th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.55). The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.16 billion. Capri had a positive return on equity of 18.72% and a negative net margin of 5.81%. The company’s revenue for the quarter was down 13.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.74 earnings per share. As a group, research analysts expect that Capri will post 2.12 EPS for the current fiscal year.

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.