Capri Holdings Limited (NYSE:CPRI) Short Interest Update

Capri Holdings Limited (NYSE:CPRI) saw a large decrease in short interest during the month of October. As of October 31st, there was short interest totalling 7,920,000 shares, a decrease of 6.7% from the October 15th total of 8,490,000 shares. Approximately 6.9% of the company’s shares are short sold. Based on an average daily volume of 3,640,000 shares, the short-interest ratio is presently 2.2 days.

Institutional Investors Weigh In On Capri

Institutional investors have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. purchased a new stake in shares of Capri during the third quarter valued at about $42,000. Geode Capital Management LLC lifted its position in Capri by 2.2% during the third quarter. Geode Capital Management LLC now owns 1,942,145 shares of the company’s stock valued at $82,446,000 after acquiring an additional 41,009 shares during the last quarter. M&T Bank Corp boosted its stake in Capri by 21.5% in the third quarter. M&T Bank Corp now owns 8,419 shares of the company’s stock valued at $357,000 after acquiring an additional 1,488 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Capri in the third quarter valued at approximately $3,804,000. Finally, MML Investors Services LLC grew its holdings in Capri by 49.6% in the third quarter. MML Investors Services LLC now owns 18,443 shares of the company’s stock worth $783,000 after purchasing an additional 6,112 shares during the last quarter. Institutional investors own 84.34% of the company’s stock.

Capri Trading Down 2.7 %

Shares of NYSE:CPRI opened at $20.05 on Wednesday. The company has a market capitalization of $2.36 billion, a PE ratio of -6.55, a P/E/G ratio of 4.33 and a beta of 2.05. The company has a current ratio of 0.93, a quick ratio of 0.38 and a debt-to-equity ratio of 0.83. Capri has a 12-month low of $18.70 and a 12-month high of $51.23. The business’s fifty day simple moving average is $33.62 and its 200-day simple moving average is $33.85.

Wall Street Analyst Weigh In

CPRI has been the subject of a number of research analyst reports. UBS Group decreased their price target on Capri from $42.00 to $39.00 and set a “neutral” rating for the company in a research note on Wednesday, September 11th. Citigroup downgraded shares of Capri from a “buy” rating to a “neutral” rating and set a $41.00 price target on the stock. in a research note on Friday, September 13th. Robert W. Baird lowered their price objective on shares of Capri from $24.00 to $23.00 and set a “neutral” rating for the company in a research report on Friday, November 8th. TD Cowen reduced their target price on shares of Capri from $57.00 to $22.00 and set a “hold” rating on the stock in a research report on Friday, November 15th. Finally, Telsey Advisory Group lowered their price target on Capri from $26.00 to $23.00 and set a “market perform” rating for the company in a report on Friday, November 15th. One investment analyst has rated the stock with a sell rating and eight have given a hold rating to the company’s stock. Based on data from MarketBeat.com, Capri currently has a consensus rating of “Hold” and a consensus price target of $28.88.

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.