Capri Holdings Limited (NYSE:CPRI) Short Interest Up 11.5% in November

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

Capri Price Performance

Shares of NYSE:CPRI opened at $22.86 on Wednesday. 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 firm has a market cap of $2.69 billion, a price-to-earnings ratio of -7.47, a P/E/G ratio of 4.98 and a beta of 2.05. The firm has a fifty day moving average price of $30.27 and a 200 day moving average price of $32.86. Capri has a fifty-two week low of $18.70 and a fifty-two week high of $51.23.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CPRI shares. Barclays restated an “equal weight” rating and issued a $21.00 price objective on shares of Capri in a research note on Wednesday, November 20th. Citigroup downgraded Capri from a “buy” rating to a “neutral” rating and set a $41.00 price objective on the stock. in a research note on Friday, September 13th. UBS Group cut their price objective on Capri from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Wednesday, September 11th. Telsey Advisory Group decreased their target price on shares of Capri from $26.00 to $23.00 and set a “market perform” rating on the stock in a research note on Friday, November 15th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Capri from $57.00 to $22.00 and set a “neutral” rating for the company in a research note on Friday, October 25th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $28.20.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Blair William & Co. IL grew its holdings in shares of Capri by 5.8% in the second quarter. Blair William & Co. IL now owns 6,362 shares of the company’s stock valued at $210,000 after purchasing an additional 350 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Capri by 14.7% in the 2nd quarter. Signaturefd LLC now owns 2,734 shares of the company’s stock worth $90,000 after buying an additional 351 shares during the last quarter. Avior Wealth Management LLC raised its position in shares of Capri by 15.2% during the 3rd quarter. Avior Wealth Management LLC now owns 4,033 shares of the company’s stock valued at $171,000 after buying an additional 533 shares in the last quarter. CWM LLC lifted its holdings in shares of Capri by 35.2% in the 2nd quarter. CWM LLC now owns 2,452 shares of the company’s stock valued at $81,000 after acquiring an additional 638 shares during the last quarter. Finally, KBC Group NV grew its position in Capri by 26.9% in the third quarter. KBC Group NV now owns 3,074 shares of the company’s stock worth $130,000 after acquiring an additional 652 shares in the last quarter. Hedge funds and other institutional investors own 84.34% of the company’s stock.

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.